Globalization : A Dynamic Shift

Brune, Nancy, and Geoffrey Garrett. "THE GLOBALIZATION RORSCHACH TEST: International Economic Integration, Inequality, and the Role of Government." Annual Review of Political Science 8.1 (2005): 399-423. Web.

It does not matter who you are, or what you do for living; it does not matter where you live, or where you come from; either way, you have come into contact with globalization. We are all active members of this web, and we are the fuel it needs to work to perfection. This web needs employers and employees, it needs people in need and people willing to help, and it needs members of different cultures and societies. It needs you. Whether it was by flying on an airplane, traveling to a foreign country, or simply by buying medicine, you are contributing to the unstoppable giant known as globalization.

With the growing demand for professionals, countries and industries around the world have broaden their usual scope of search from within their own boundaries to across their borders looking for cheaper yet more capable men and women. In Thomas Friedman’s article, Globalization: The Super-Story, he defines globalization as the inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before. In simple terms, globalization is the process of international mingle that comes from the interchange of world views. Friedman is one of the key protagonists of the concept of globalization and defines this new system with a series of key words and three balances which make up the globalization system. Friedman 's three balance can be seen today and will be seen until a new system is adopted.

With the progression of globalization, commodities can be transferred to all over the world. That people from different countries can purchase the same products is no longer a dream, that also lead to the similarity between countries. Personally, I strongly believe that the development brings more negative influence to local communities than the positive ones.

There is controversy over when globalization began because there is no crystal clear start to globalization. Some people believe that globalization started when the Buddhist leader Chandragupta combined aspects of trade, religion, and military to create a protected trading area. Others believe that globalization began under Genghis Khan’s rule. The Mongolian warrior-ruler created an empire that had trade integrated into it. There are also some experts that believe that the rise of globalization was linked to 1492, the year Christopher Columbus made his first trip to the New World.

‘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

Globalisation is a multifaceted concept including political, economic and social elements. It refers to to the connectedness at continental distances through the flow of people, information, capital and goods (Clark 2000, as cited in Potrafke 2015: 510). It is also linked to universalising markets and production, technological innovation, privatisation of state agencies, trans-national organisations and spread of common culture (Urzua 2000: 421). Wood (2006: 29) stated that globalisation is not a new phenomenon and that the potential effects, both positive and negative, where somewhat predicted by Marx and Engels. They expressed concepts such as rapid change and uncertainty, integrated global supply chains and spread of common cultures across all nations, which is remarkably similar to the world we live today.

Globalization is an increasingly present phenomenon, which influences almost everyone’s life to a certain extent. Our world is more connected than ever, and not just from an economic point of view, but from social, political, technological, and cultural as well. Globalization can be defined, analysed, tackled many ways, but this essay seeks to briefly define globalization, introduce the convergence - diversity debate, and examine the different types of organizational strategic perspectives in China.

Is it possible to understand the nature of globalisation? This is a question that has led to fervent debates, and has confounded sociologists in their pursuit to explain the mechanics of globalisation (Machida 2012). Globalisation is the most dominant social phenomenon that has shaped social interactions around the world in the modern age (Ritzer & Ryan 2002). In an age where people socialise beyond their immediate communities, where a Japanese person can purchase an American product that’s made in China, and where government policies in Africa can be written by people in the Netherlands, it is impossible to ignore the current, globalised state of the world. Globalisation has led to the blurring of national boundaries, which allows nations

Globalization is one of the biggest keys as to why the world is how the world is today. Many people do not realize how much of an impact globalization has upon their daily lives. The everyday essentials would not be possible without globalization. For example, people would not have any iPhones or any touch screen materials since those elements and minerals come from all around the world. The process of globalization has a rich history and a bright future; however, some minor setbacks are unavoidable. The sentence “Globalization is about growing worldwide interconnectivity.” (Steger, 2017, pg. 17) puts the idea of globalization in a simple, easy-to-understand way for everyone to understand, even though the concept has additional context

Globalisation is phenomenon that came into practise in the late 80’s. A mere word that easily sums up the amplified movement of labour, information, technology and ideas, commodities and currency across international boundaries that led to the expansion of the global connectivity amongst the population. This connectivity has impacted and is still altering the foundations of socio-political structures as well as the cultural and economical configurations of nations. In order to analyse this topic, the impacts of globalisation will be critiqued and compared with data to show how it influences both economically developed and developing nations and in turn is responsible for being a vital factor in sculpting the 21st century and in the future ahead.

In recent times with the advent of globalization and open markets there has been a significant rise in the number of Multi-National Companies. The reasons why companies are going global are to access and expand their market, to access resources, to access new talent pool, et al. This enables to the companies to create greater value to their shareholders and compete effectively. As companies expand and build their workforce around the world, more often than not team members are in different geographies. This new reality has made it inevitable to have virtual teams in many organization. On the other end of the spectrum, with the rise is advanced internet enabled technologies many firms, especially is the Silicon Valley, are

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was

Globalisation is the process by which the world is becoming increasingly interconnected, leading to cultural, political and economic changes. According to Waters (1995) it is: “A Key idea by which we understand the transition of human society into the third millennium”. Referring to Schotte (2000), ‘Globalisation’ is in other words is ‘Liberalisation’, ‘Americanisation’ and ‘Internationalisation’ of the world, promoting the capitalist free-market, universal human rights and a common global regime(Walby, 2003). As a result, it leads to a variety of changes in the world, such as: increased production of goods and services, access to highly advanced technology, better communication through social media, spread of ideology, drugs and diseases across different states. Undoubtedly, globalisation had a positive impact on the world through improvements in communication, reduction in overall global unemployment, reduction of ‘absolute poverty’, bringing equality and political representation (Manza and Brooks,1998) and the creation of ‘luxury goods’ that unfortunately tends to benefit elite groups. Many scholars and activists argue that the ’nation state’ concept is slowly fading away due to evolved powers of new actors in the International Arena, such as: NGO’s, MNC’s, TNC’s and other global governing organisations and unions that can dictate to “sovereign states" to take specific actions, which in the end alters the political roles of states and undermines its legitimacy. This

With Investment as an input will bring the grown in employment and can off set Indian polices of epochs.