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Role of globalization in technology
Role of globalization in technology
Importance of globalization and international trade
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Modernization has allowed more elaborate systems of social, economic and political structures. There are new trends, which emerge as a result of advancement in technology and infrastructure. Globalization is one such trend that was facilitated by the advancement in the transport and communication, plus the new technologies (Steger 2009). This is when a business move from the domestic markets to the international markets. Globalization started some several centuries ago but has become an important strategic element of many businesses in the modern economy (Lechner 2009). This is due to the huge competitive advantages, which it offers to an organization. Globalization also allows expanding the market niche, reducing costs by moving the operations …show more content…
The countries with the greatest economies in the world are also the most powerful politically. Therefore, globalization being an important element in the global economy controls the nation-states and the international politics as a whole (Ritzer 2010). Globalization has made impossible for any nation-state to control the forces of the economies, but they have to align themselves to the trends in the global economics. In the traditional way, politics were confined to the national political systems, but with globalization, any country will have an open political mind, that is influenced by the global economies. The integration of the economy has forced the politics to follow the same trends. The political activities are at a global scale, and the protection of the economic welfare of the citizens and their security become an international concern. The political activities in one country have a great influence to the global politics and economics. Politics have become globalized, following the trends in the economic globalization. Political integrations like the African Union and European Union, intergovernmental organizations like the World Bank and the International Monetary Fund, World Trade Organization, NGOs, and Civil society organizations, help take the politics above the national level (Scholte 2005). The nation-states lose grip to the market as the …show more content…
Globalization not only changes the economics, it has changed the culture and politics. The business operations are located at another country, and this affects things like taxation and other such factors. The political system that is not favorable to business operation stand to lose the businesses as it will be less costly to move to the global scale. Nation-state politics have to adjust to the new business trends and needs, of it wants to attract global investors and businesses (Scholte 2005). On the other hand, the traditional economic giant nations, would want to take control of the global economies. Globalization, they try to influence the politics of the countries, where most of the global outsourced businesses are conducted. They also influence the infrastructures and technologies which are the backbone of globalization, to favor them (Delantey & Rumford 2007). The paper will look at the globalization trends. Further, the paper will look at the globalization of nation-state politics. Finally, the paper will look how the market controls the nation
Political globalization is “carried out by institutions and systems, whether formal or informal, that transcend national or regional interests and address global issues.” (Davies 1). To understand political globalization, one must understand what falls under the category of politics, which involves the government, laws, and bureaucracies. Government allows for there to be stability in a country or region, as well as having agreements with the people.
Falconer, D. (2013, September 24). 'Theme 1: Social Protest Against Globalization/Neoliberalism.’ Lecture conducted in 'Introduction to Social Justice, 38-101' from the University of Windsor, Windsor, Ontario.
Beck, U. 2000. ‘Living Your Own Life in a Runaway World: Individualisation, globalisation and politics’. In W Hutton and A Giddens (eds). On The Edge: Living with Global Capitalism. London:Vintage. Pp 164-174.
Dennis Pirages and Christine Sylvester (eds.), Transformations in the Global Political Economy (London: Macmillan, 1989).
David McNally (2006). ‘The Invisible Hand is a Closed Fist: Inequality, Alienation, and the Capitalist Market Economy’ from Another World is Possible: globalization and Anti-Capitalism, 2nd edition, Arbeiter Ring, 60-95.
Globalization becomes important today because increasing in depending to the world. Globalization can be determined as increasing in trade and exchange in open economy, integrated and borderless international economy (Intriligator, 2003). Globalization is often used to refer to economic globalization. The integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Besides that, globalization also can be defined as process of greater interdependence among countries and their citizens. It consists of increased integration of product and resource markets across nations via trade, immigration and foreign investment-that is via international flows of goods and services, of people and of investment such as equipment, factories, stocks and bonds. It also includes non-economic elements such as culture and the environment.
Park, Y. & Lee, M., 1995. ‘Economic development, globalization, and practices. 7 ed. London: Routledge.
Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.
Reich, R. (1991). "The work of nations: Preparing ourselves for twenty-first century capitalism." New York: Alfred Knopf
Baylis, Smith and Patricia Owens. 2014. The globalization of World Politics: An introduction to international relations. London. Oxford University Press.
During globalization, almost every country remains sovereign on a whole. However, with the growing connection with other countries, domestic governments are supposed to formulate and implement international policies to ensure mutual inter...
There is an undeniable fact that there has been a rise in globalization. It has become a hot topic amongst the field of international politics. With the rise of globalization, the sovereignty of the state is now being undermined. It has become an undisputed fact that the world has evolved to a new level of globalization, the transferring goods, information, ideas and services around the globe has changed at an unimaginable rate. With all that is going on, one would question how globalization has changed the system that is typically a collection of sovereign states. Do states still have the main source of power? What gives a state the right to rule a geographically defined region? It is believed by many that due to the introduction of international systems and increasing rate of globalization, the sovereignty of the state has been slowly eroded over time. My paper has two parts: First, it aims to take a close look at how globalization has changed the way the economy worked, specifically how it opened doors for multinational corporations to rise in power. Second, to answer the question, is it possible for it to exist today? And even so, should it?
Joseph E Stiglitz, Globalization and its Discontents, April 2003 / paperback / ISBN 0-393-32439-7/6 X8
Krain, Matthew (2005), “AP Comparative Government and Politics Briefing Paper: Globalization,” [http://apcentral.collegeboard.com/apc/public/repository/ap05_comp_govpol_glob_42253.pdf], accessed 15 May 2012.
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.