Disadvantages Of Globalisation

When one or many speak about globalization there’s always a room for debate which lies three broad accounts of the nature and meaning of globalization today, referred to here as the hyperglobalist, the sceptical, and the transformationalist views.

Globalization is not a unique phenomenon in the 21st century. What is unique about our experience of globalization, though, is the accelerated speed in which globalization has propagated. At a dizzying speed, globalization has left parts of the world more affluent than ever whereas other parts of the world are still swept in vertigo, unable to fully garner the benefits it offers. Despite current polarized experiences and the tradeoff between domestic politics and globalization, the overall results have been sweepingly positive as globalization increases equality and catalyzes the economic development when combined with the active roles of the states in creating the institutional practices conducive for growth.

Globalisation is the growing collectiveness of our world economy, tending towards functioning as a singular entity opposed to multiple separate constituents (Longman,2002). Globalisation is not a modern process, and has been taking place for a considerable length of time as stated by Ellwood (2001:12) ‘Globalisation is a new word which describes an old process’. The process itself is fuelled by human innovation and technical progress, this in turn is spearheaded by sizable companies referred to as multinational or transnational companies (MNCs or TNCs), in an effort to expand their operations these businesses expand their global reach in search of new business opportunities, resulting in an interconnectedness between an expansive range of economies. This essay aims to assess the causes of globalisation as well as analysing its effects, not just economically but on a cultural and political level.

Definition of globalisation is the increasing in the communication of countries which results from trading and cultural exchange.In this eassay I will be researching about the positives and negatives about globalisation.

Globalisation highlights the dramatic alterations in the landscape of international relations due to the emergence of free market economies based on the right to start a business and trade without restrictions. In other words, it’s the processual approach of assisting financial and investment markets to function together worldwide. This has been largely made possible from the deregulation and improved communications, particularly the evolution of the internet. It can be said that globalisation is a transition of shifting to an integrated world; comprising of the long-term modifications in the aim to achieve a ‘greater international cooperation in economics, politics, ideas, cultural values, and the exchange of knowledge’ (Gibson

A globalized world is created by the growth and advancements made throughout history. This involves different government and nations working together to advance trade and investment. The world has not reached its full globalized potential, but if they did it would create advantages and disadvantages within social, economic, and political aspects. The best way to have a globalized world is through democracy.

Globalisation is the complex of processes that result in an increase in the interconnection of state through economy, politics and culture. Globalisation and increased state interconnectedness have been present since the late 1940s until today. Globalisation through the ages is seen through the Long Boom, the world wide recessions, neoliberal revival and neoliberal hegemony (Cerny, Menz and Soederberg, 2005: 7/8).

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

‘Globalization: What’s new? What’s not? (And so what)’, portrays the speed in which globalism has increased through many different factors; economically, military, environmentally and socially. This is an idealist analytic approach, not set in stone. This leads on to

Globalization is said to have three different perspectives, according to Latif, which can be affirmed as the hyperglobalist perspective, the sceptical perspective and the transformationalist perspective (Latif, 2010). Both the hyperglobalist and transformationalist perspectives recognize globalization as apparent in the world, however, they differ in that the former believes globalization is growing fast and

Globalization can be viewed as a system of interactions or global relationships between economies and people from all different countries over the world. Globalization can be contended as a device for financial development, headway and thriving through co-operation between the created and creating nations. Those in favor of globalization argue that the advantages of globalization conveys to creating countries outperforms the negative effects caused by globalization, and possibly even going above that to express that it is the best bet for developing these new national to flourish and emerge. Be that as it may, the genuine inquiry to be asked is in the matter of what degree are the positives contended upon without considering the negative parts of globalization towards creating nations.

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.

The term ‘globalisation’ has many meanings depending on what academic discipline you belong to. Many scholars have asked whether we are living in a globalised world or whether it should be renamed internationalism, with nations driving the interlinking through governments. Others claim that globalisation has nothing to do with government control but rather is controlled by market forces, led by the multi- national corporations (Held & McGrew 2003).

When discussing social policy within the current global economy, it’s quite impossible to ignore the effects of globalisation on nation states but also in the overall global economy in relation to poverty, environmental changes, trade, culture etc. Globalisation is a highly contested term due to its broad definition which causes confusion as to what it actually means (Gills, 2002; Higgot, 1999). Yeates (2002) refers to globalisation as the loosening of boundaries of things such as trade, labour and migration and further goes on to speak of ‘strong’ globalisation to indicate the intensity and inevitable nature especially in relation to the constraints globalisation poses on national governments and the policy making process. Events such as

Globalisation is a term that has been heard before, a concept that is not new. The effects of globalisation were introduced and discussed by political philosophers Marx and Engels, a century and a half ago, however the term itself was only recently introduced into mainstream fields (Wood, 2008). This paper is going to investigate the definitions of globalisation, what fields of study it affects, its origin and the effects all whilst trying to answer the question, is globalisation a recent phenomenon? Investigating the term and what it encapsulates will help answer this question, and why globalisation is not a recent phenomenon but will explain why it appears as though it is a recent phenomenon.