A Study on Global Social Process

In the alleged undeveloped social orders, components of radical political, monetary and social change are broadly apparent. For sure such social orders have seen significant advances in industrial change, mass transportation and correspondence, and also technology advances. In many parts of the world, change of economics activities and their expulsion from the family and community settings and in addition modifications in the family structure and labor market differing qualities is generally clear (CCP, n.d). In many social orders, the transition procedure from traditional settings to modern settings is moving along quick without the essential time period for modification. The same changes that took Europe and North America eras to finish are accomplished inside a range of era in present day creating social orders. Thus, the transition procedure is regularly described by disturbance, flimsiness, and fast social disintegration.

The economy of the world is changing all the time. We have had our ups and downs, but with the help of insights from economist, we have been able to sustain a decent economy. In Naked Economics, Wheelan discusses how a country can have a successful economy. He discusses why countries are poor and why some other countries are doing lavish things, like buying a cake for a dog. The reason behind it is because the richer countries are more productive and allocate resources and the poorer countries aren’t as efficient and don’t allocate resources. Wheelan also wrote about how Steve Jobs and Bill Gates became as rich as they are. They made huge investments in human capital to become rich. They became rich because they had a product that people were willing to give their money for. There are many problems in different economies and Wheelan explains why they are failing. Some economies suffer from a poorly ran government and others suffer from the lack of information. Trade is a positive thing, but there are people that discourage it because products are imported from outside of the United States.

Jared Diamond is a world renowned scientist, author, Pulitzer Prize winner, and currently a geography professor at UCLA. Of his six books published, we will be looking at the last chapter of his fourth book, Collapse: How Societies Choose to Fail or Succeed. In this book Diamond utilizes the comparative method to find resemblance in past societal collapses with our current society. In the chapter entitled, "The World as Polder: What Does it Mean to Us Today," Diamond points out that there are indeed many parallels between past and present societies and that our modern day society is currently on a path of self destruction , through examples such as globalization and the interdependency of each country.

Globalisation is expressed in transcontinental flows and networks of activity, interaction and power between countries, irrespective of geographic distance. It establishes and maintains economic, political and socio-cultural relations. This interaction helps economies through growth in international trade, investment and capital flows. Some factors that have acted as the driving force of globalisation include technological innovation as it had made transport and communication around the world easier, capitalism and trade have also played an important role in encouraging globalisation. Trade

Richard Florida’s article “The World is Spiky: Globalization Has Changed the Economic Playing Field, But Hasn’t Leveled It,” is a response to New York Times columnist Thomas Friedman’s claim that globalization has caused the earth to become “flat.” Friedman argues that technology has made it possible to “innovate without having to emigrate” (Friedman, 590). Richard Florida argues that no matter how you measure it, economically, the world is far from flat- instead it consists of a select few tall peaks surrounded by small hills and valleys. Florida describes three types of cities: peaks, which are “cities that generate information... few in number, difficult to topple”; hills, which “manufacture the world’s established goods... they are prosperous but insecure”; and valleys, that have “little connection to the global economy and few immediate prospects”.

There have been two times in the past 300 years when economic structural changes have occurred in the world that have been so massive and so far-reaching, that the impact on societies has been nothing short of monumental.

A process known as globalisation links different countries around the world together through different ways such as trade, investment, migration, internet, social media etc. Global trading is a major aspect of globalisation where different countries import and export goods and services with other countries. Globalisation has significantly changed over the past 30 years. Economies of scale has led to an increase in the production of goods, thus, created the need for expansion of markets beyond domestic boundaries. In addition to merchandise, various types of services are rendered to customers globally. This includes IT support, tourism, financial services etc. Globalisation has led to an upsurge in trade, multinational corporations, greater dependence on global economy, and easier movement of capital, goods and services and

The 20th century brought with it a rapid expansion of the global interrelatedness of the world. In the beginning of the 20th century the world was dominated by a European world system of colonial empires that was created through expansion by sea (Findley, 2011). The competition between Britain and the other colonial powers led to an insatiable appetite to expand their empires across the globe (Findley, 2011). As the 20th century progressed this European world system collapsed and a new three world system of the United States, Soviet Union, and the rest of the world emerged (Findley, 2011). The end of the century coincided with a new era of globalization that was made possible by the introduction of global communication via the internet (Findley, 2011). This new technology brought the entire world closer together than it had ever been before. The four events that best illustrate the progression of global interrelatedness throughout the 20th century are the Great Depression, World War II, Cold War, and the introduction of instant global communications via the internet.

Erik Brynjolfsson once said “The key to growth? Race with the machines”. Erik stated this in an argument against Robert Gordon. The two of these wise men had discussed innovation and had major differences. Robert believed that innovation would have an end, while Erik said growth would continue as long as the people kept up with it the innovations. I agree with Erik, because growth does not end; and it can continue as long as people race with the new productivity and don’t allow it to take over.

The last century has brought dramatic changes to the world. The globe has become more integrated, linking countries together economically, socially, and politically. Yet, as a result of this globalization, the world economy has become

Author Thomas L. Friedman analyses the technological advances that are creating a level economic playing field with previously disadvantaged countries rising in knowledge and wealth rivaling that of the United States and other world powers in the world. Telephone and computer technology, previously a stronghold only of developed countries, is now easily accessible and has been accessed and mastered by countries such as China and India, making these nations competitive. Friedman perceives the flattening effect as so insightful as to be compared in scope to the Industrial Revolution.

Answer: The world economy has shifted dramatically over the past 30 years. We have been moving away from a world in which national economies were relatively self- contained entities, isolated from each other by barriers to cross- border trade and investments; by distance, time zones, and language; and by national differences in government regulation, culture, and business systems.

“Globalization is not just one impact of the new technologies that are reshaping the economies of the third millennium” (Thurow 19-31). When speaking of globalization, most people will not have a complete understanding as of what it actually means or what aspects of the world it affects. Globalization promotes free trade and creates jobs. The capital markets attract investors, resort cheap labor, and leads to job losses in some areas of higher wage. While all of this is happening, the world economy is being effected: economically, culturally, socially, and politically.

It is fair to say that the ones who benefit the most in economic globalization are developed countries whose social productive forces are highly developed ((El-Ojeili, C. & Hayden, P., 2006.). However, it is difficult for developing countries that are relatively

As a concept that has become common since the 1990s, globalization is described as the technological, economic, cultural, ideological, and economic changes across borders. It can also be regarded as the transformation of the global economy through the anarchy of financial markets or a technological revolution with social impacts. In contrast, regionalization is the growth of societal integration within a specific area that incorporates all the undirected procedures of economic and social interactions among the units in the region. Since these concepts are different in nature, they contain various strategies that are only effective in specific situations.