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What is the importance of international trade
Globalisation and its effects on society
Globalisation and its effects on society
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To globalize means to “to extend to other or all parts of the globe; make worldwide” (Dictionary.com, 2010). While globalization is a fairly ‘new’ term, it is actually as old as our ancestors. The process was longer back then but, as they were discovering new foreign lands, they were bringing commerce and culture with them. Silks, spices and crops were traded along trade routes and opened new worlds of luxury and taste. Today, globalization has influenced our modern world far beyond those predecessors’ wildest dreams. The Western culture has infiltrated almost every corner of the globe. Its capital, infrastructures, knowledge, and talent can be found all over. It has a dramatic impact on India and China. These countries in turn, have also passed on their influence to other countries. It is a never-ending domino effect that circumvents the globe. Some of the Western influence has been intentional and negative but the overall effects are positive on countries economies and cultures.
China is renowned for its nationalism and opposition to the West. It wasn’t until the 1970’s, when Deng Xiaoping allowed other countries into China, that they began their own globalization journey. Even after that huge leap forward, a mixed market economy with trade didn’t really materialize until the 1990’s. The former leader, Mao Zedong had instituted a communist rule. Under Mao’s rule, the people had no voice and no choice. Businesses, temples, school and medical care was governed by Mao. He ordered the destruction of many ancient temples and adorned the city with portraits of himself to serve as reminders to the citizens of his power. Jobs were assigned to those with the best capabilities and to what the government felt suited the individu...
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.... ARGE Bildungsmanagement | Wien | Ausbildung | Master | Lehrgang | Lehrgänge | MBA | MSc | M.A.. ARGE Bildungsmanagement | Wien | Ausbildung | Master | Lehrgang | Lehrgänge | MBA | MSc | M.A.. Retrieved December 31, 2010, from http://www.bildungsmanagement.at
Smitha, F. (n.d.). Mao's China. MacroHistory : World History. Retrieved December 28, 2010, from http://www.fsmitha.com/h2/ch25prc.html
South Asia:India. (2010, December 21). The World Factbook. Retrieved December 27, 2010, from https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Zheng, Y. (2004). Globalization and state transformation in China . New York: Cambridge University Press.
Zhiqin, L. (n.d.). Western withdrawal endangers globalization's path - GlobalTimes. Globaltimes_Opinion. Retrieved December 28, 2010, from http://opinion.globaltimes.cn/commentary/2010-11/593139.html
Gittings, John. The Changing Face of China: From Mao to market. Oxford University Press, 2005.
There is no better way to learn about China's communist revolution than to live it through the eyes of an innocent child whose experiences were based on the author's first-hand experience. Readers learn how every aspect of an individual's life was changed, mostly for the worst during this time. You will also learn why and how Chairman Mao launched the revolution initially, to maintain the communist system he worked hard to create in the 1950's. As the story of Ling unfolded, I realized how it boiled down to people's struggle for existence and survival during Mao's reign, and how lucky we are to have freedom and justice in the United States; values no one should ever take for
Globalization is the process of people of different cultures or countries integrating through interacting through trade or the use of social media. In “Point: Globalization Provides a Better Life for All” By Jennifer Graham, she provides a valid point of view of how globalization has benefited society. “Globalization enriches the human experience through increased cultural and economic integration, which promotes diversity by opening society to new technology, communication and ideas...Moreover, globalization helps to break down discrimination against people on the basis of religious beliefs or race” (Para, 11,13). Globalization has an impact on my lifestyle because I am currently surrounded by technology and different cultural food. With globalization I have access to different foods that I would normally never get to try, also technology has allowed me to gain knowledge about different culture I would normally not know. This results in me being more informed and benefited about the world as a whole because of globalization bringing the different culture of the world so much closer
Globalization is the process of people of different cultures or countries integrating through interacting through trade or the use of social media. In “Point: Globalization Provides a Better Life for All” By Jennifer Graham, she provides a valid point of view of how globalization has benefited society. “Globalization enriches the human experience through increased cultural and economic integration, which promotes diversity by opening society to new technology, communication and ideas...Moreover, globalization helps to break down discrimination against people on the basis of religious beliefs or race” (Para, 11,13). Globalization has an impact on my lifestyle because I am currently surrounded by technology and different cultural food. With globalization I have access to different foods that i would normally never get to try, also technology has allowed me to gain knowledge about different culture I would normally not know, this results in me being more informed and benefited because of globalization bringing the different culture of the world so much closer
Although it has been argued that Deng was leading a totalitarian regime, historians tend to overlook the idea that the Chinese have different ideologies and morals than people in the west. Chinese intellectuals who looked to the west as a model for democracy absorbed themselves into the western culture, and believed that everything that China stood for was ‘backward.’ This view of the Chinese society forced the people to hold resentments against Deng, which led to Democratic uprisings and movements. Deng simply wanted to create a better economy for the Chinese people to live in according to Chinese values, but the society did not see it this way as an inflow of western attitudes and beliefs had been embedded into their minds. Deng knew that China’s problems were coming from within the political system, and he attempted to solve these problems, but when he realized that these problems could not be solved, he resorted to more of an authoritarian rather than a democratic regime.
Blecher, Marc. China Against The Tides: Restructuring through Revolution, Radicalism, and Reform. 3rd ed. New York: Continuum, 2010. Print.
...) and bring China under uniform thought as well. Thus, in his attempt to accomplish his goals he placed less emphasis on freedom and more on developing a sturdy political backbone. Deng, on the other hand, wanted to thrust China in the global community for economic fortune at the expense of everything Mao had established. In the process, he brought a freedom and wave of democracy to the People's Republic, endowing the Chinese citizens with dreams of wealth and prosperity that were never even considered in the time of Mao. As China, progresses further into the twenty first century, its role seems quite unclear. A return to Post-revolutionary authoritarian communism seems unlikely, as does the institution of a true democracy but perhaps a new form of stability will arise to grant greater liberty to individuals or possibly even another Tiannenmen lurking in the future.
Globalization has caused the world to change. Our country, China has been dramatically changed by globalization. Our people have moved to cities, and our industry has exploded. We have had huge advances in technology along with education improvement. Despite the fact that China has changed so much, there are still many issues that plague it. China faces serious environmental concerns. New diseases and viruses that are not indigenous to China can cause a wide range of sickness in the new area. Despite some of the the improvements in China that are a result of globalization, the negatives that globalization has brought to China are more than the benefits.
Another negative aspect of globalization that can be closely linked to the settlement of MNCs and FDI in China and the exploitation of its resources is that the returns of the investment placed in China or the money made by the MNCs is fully returned to the home country of the MNC. When MNCs settle in China, they do pay a corporate tax to the Chinese government. The benefits of this to the government is that they will charge them corporate taxes and have jobs in the labor force created. However, the profits made by these MNCs do not retain in China and are sent back to their home country. This implies that the MNCs simply exploit the resources available in China such as cheap labor and low production costs and do not fully return benefits to the Chinese people. This also creates a loss of economic sovereignty and loss of economic security in China as its resources are being used up and it is not
Throughout the course of the first half of the semester we have taken a broad scope of the major aspects of the phenomena that has been the recent history of China. When studying Modern China a common thread of ethical, cultural, religious, political, social, and economic aspects can be analyzed in relationship to Confucianism and its affect on international relations. These aspects show that historically (particularly the nineteenth century) China initially resisted the acceptance of Western influence in order to maintain its high level of uniqueness, isolation, and Confucianism which has bred its prosperity and demise.
Globalisation is a broad term that is often defined in economic factors alone. The Dictionary at merriam-webster.com describes globalisation as “the process of enabling financial markets to operate internationally, largely as a result of deregulation and improved communication.” Also due to deregulation on the financial market, multi-national companies are free to trade and move their businesses to areas where a higher return or profit can be achieved. New technology also enables companies to relocate to areas where labour costs are lower, for instance movement of call centre jobs from the UK to India.
Eventually, in 1949, after a grueling civil war, the Communists took the leadership of China, starting the new era of “the People’s Republic of China”. Mao led the PRC with ambition, and made many sacrifices, both himself and as a nation. Although Mao’s ambition and sacrifices did lead to the better China that is known today, there are many that question the necessity of the harsh choices he made during his rule over the PRC. One can even question the morality of the decisions made by Mao, both direct and indirect for his nation. During the “Great Proletarian Cultural Revolution” of China, countless Chinese bourgeoisie were persecuted with almost no logical reason. His powerful and stern leadership turned into an iron fist. Mao in the long run did improve China, but many of his actions were unnecessary and actually hindered the progress of his
Globalization affects this world and the people of this world in many ways. It is the idea of making the entire world like a single country.
Globalisation is a very complex term with various definitions, in business terms, “globalization describes the increasingly global nature of markets, the tendency for transnational businesses to configure their business activities on a worldwide basis, and to co-ordinate and integrate their strategies and operations across national boundaries” (Stonehouse, Campbell, Hamill and Purdie, 2004, p. 5).
The definition of globalization is, “Globalization is the connection of different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more