Globalization And Its Impact On Globalization

The economy is based of both producers and consumers, but the customers are the ones that ensure the success of each company. More than half of the world’s population lives in a portion of Southeast Asia (Schuman). The population of Southern Asia is affecting the economy of other countries around the world because so many consumers are located in one condensed area. The Countries of China, India, and Japan consume many American goods that help both countries’ economy grow from recovery of the stock market crash. However, the Asian countries seem to be benefiting more from this globalization of the economy than America.

Is the increasing globalization of business good or bad for the United States? If you are from a different country, what effect do you think globalization is having or will have on your country? Is globalization resulting in unequal gains for different countries?

During the last decade of the twentieth century, the word ‘globalization’ has become an increasingly prominent feature of political, social, and economic discussion in academic and policymaking circles, as well as in the media. The processes and outcomes of globalization drew attention and debates that had one thing in common. The research shows that nearly everyone agrees that globalization is a trend that is changing the face of the world, and as a result the world society lives in a more ‘globalized’ world. Nearly two and a half decades passed since 1990s, and studies have been conducted to examine the causes and consequences of globalization. Moreover, nearly every person experiences some type of globalization and can testify firsthand the effects it has on their life, society, and the state. The analysis of the effects that globalization dynamics have on the world society indicates that globalization has a significant positive impact via spreading opportunities and wealth across nations, stimulating innovation and productivity, enhancing the economic development of poorer countries, and helping to improve living standards.

Globalization is a process that connected the world and has exposed people to one another. According to Campbell, globalization is defined as a “complex web of social processes that intensify and expand worldwide economic, cultural, political, and technological exchanges and connections” (Campbell & et al, 2010, pg. 4). It has become easier to connect with people all over the world and mix cultures. Globalization creates new social networks, multiplies existing connections, expands and stretches social relations and connections, intensifies and accelerates social exchange, and appears as objective and subjective plane (Steger, p.9-15). It has become a new way of life for modern people and it would be impossible for nations to become isolated again.

The evolving nature of civilizations has led us down a path of expansion and globalization. In nature, we are at a state that our natural resources are being sought after day in day out without having a way to properly replenish as quickly as we are using materials. At the current rate that we currently are we will expand of all forest at a cyclic rate because we are not doing enough to preserve some of the needed cycles of nature. With this it brings a bigger social responsibility to help expand how to regulate some of the companies that are seeking to establish monopolies without being found guilty. However, with great wealth there is a great responsibility of replenishing or at least establishing certain mantras to obey by. These mantras can sometimes be seen as laws or regulations but there are always ways to go around these and it is up to multiple nations to come together to establish some sort of order by setting corporate social responsibilities and sustainability’s to those corporations that are either taking advantage of or going around certain rules.

Globalization occurs in three forms: political globalization, cultural globalization, and economic globalization. All forms work together to expand relationships and create a single place. On its own Economic globalization is a way for economic relations to extend and integrate across the world. Economic globalization and its policies as well as, the ideology of neoliberalism have a way of creating an inequality between countries and creates an endless debt cycle. International economic organizations have caused long-term effects due to the harsh conditions these organizations impose. A prime example of this effect can be seen in countries such as Jamaica. It is important to understand neoliberal policies and economic organizations in order to understand how debt still plays a role in today’s globalized economy.

Many fail to have a clear understanding of globalization and what it entails. This is largely owed to the fact that society largely promotes globalization as a process that is going "to overcome hunger, poverty, and deprivation" (Munck, 1). In contrast, other believe that it is actually responsible for many of the problems that the contemporary social order is experiencing. All things considered, people need to acknowledge that the matter is very complex and that refrain from thinking that it is not actually problematic to analyze the matter.

Globalization is the integration of the worldwide economy in which resources and products move freely across the globe. Globalization has been present for decades however it has predominantly become a more frequent process and has potential good and bad effects on the world of business. Problems can include competition in manufacturing jobs and unemployment in industrialized countries. However, this can also be beneficial in other situations as globalization gives you a larger market trade will be cheaper so more countries can import and export goods which can bring in profits to multi-national corporations.

When we think of globalization historically, should we apply it within the frame works of archaic, proto and modern? A. G. Hopkins who wrote Globalization in World History tends to think we should. He defines archaic globalization as before to the industrious revolution and the creation of the modern state prior to 1500. For Hopkins, this time period planted the seeds of what would become the proto period. In proto-globalization, from 1500-1800, arose the beginnings of the state and the dilation of the global economic system by increased efficiency in revenue exploitation and the revolution of military fiscalism. Lastly, modern-globalization began to emerge in the mid 1800s to the mid 1900s. What defined this period separately from proto global periods was the ascent of the nation state and the aggrandizement of industrialization.

Globalization can be defined as an intensive form of worldwide interconnectedness that facilitates the flow of capital, humans, commodities, technology, information, symbols and values due to the advancement worldwide systems of transport and communication. Globalization has created new opportunities for developing countries such as, technology, greater opportunities to access markets, increase in growth and improved living standards. Despite the fact that it has been beneficial for the world economy, it has led to the rise of certain issues in both developed and developing countries. These include environmental degradations, labour exploitations and increase inequity around the world.

The expansion and globalization of modern, international corporations and the actions of some powerful individuals are affecting the indigenous people of the lands they invade and deface for the “greater good” of mankind. Whole tribes and ways of life are being eradicated to make way for hydroelectric dams, mines, million-acre mega farms, canals, and bridges. These people are left with two options: to fight for their sacred land, or to leave and let these massive foreign projects destroy everything they once knew. The culture of these people is also being transformed in the process. Natives of these lands are moved into small reservation-like areas and are left to adapt or perish by themselves. As modern society requires more and more raw

Globalization is the leading idea that has become the leading factor in business during the previous decades. This trend is affecting the economy, business life, society and the environment in a multitude of ways and nearly all businesses have been affected by these various changes. Some of these changes are related in part to the increasing competition and the rapidly changing technologies for information transfer. Challenging these changes will take some work on the part of companies; they need to keep in mind the key effects of globalization. If companies want to stay productive and relevant that is.

Quoted by the Financial Times as the “integration of economies, industries, markets, cultures and policy-making around the world”, globalisation has thrived in recent years owing to developments in communication, transportation and trade, accompanied by the enhancement and increased use of information technology. Whilst at first glance this could be regarded as beneficial, it has nonetheless provoked a number of high profile and often violent protests of late. Notably the biggest anti-globalisation demonstration ever experienced was in Seattle in 1999 involving 40,000 activists (BBC News). Globalisation has a multitude of different facets, ranging from the worlds of research and health, to media and technology. This essay however, will look at the economic aspects associated with globalization and will seek to explore some of the reasons behind these protests. Contrastingly, it will also look at the benefits of this increase in interconnectivity examining how a rise in business wealth will allow others to share the benefits.

For many of the world’s population, the growing integration of the global economy has provided the opportunity for substantial income growth. This is reflected not only in higher incomes, but also in the improved availability of better quality and increasingly differentiated final products. However, at the same time, globalization has had its dark side. There has been an increasing tendency towards growing equalization within and between countries and a stubborn incidence in the absolute levels of poverty, not just in poor countries. These positive and negative attributes of globalization have been experienced at a number of different levels – the individual, the household, the firm, the town, the region, the sector and the nation. The distributional pattern emerging in recent decades of globalization is thus simultaneously heterogeneous and complex.

We live in the fast growing world of globalization where the entire world has now shrunken into a small global village. Globalization has often been regarded as the ‘cradle’ of global economic development. This so called ‘world liberator’ however has not escaped criticism as opponents claim that it has been the cause of social evils and rising levels of poverty in developing countries. Due to the nature of globalization and in its bid to open up social, economic and political boundaries currently in place, various functions in different countries have been affected. This research will shed some light on the potential threats and benefits of globalization along with its