Globalization And The Global World

When it comes to globalization, everyone may have a different vision of it’s outcome. For Marcelo Gleiser, the author of “Globalization: Two visions of the Future of Humanity”, a completely globalized world may result in a dystopia. In contrast, Jeffrey Wasserstrom, the author of “A Mickey Mouse Approach to Globalization” and Tanveer Ali, the creator of “The Subway Falafel Sandwich and the Americanization of Ethnic Food” may think of globalization as other cultures sharing each other’s components to interact on a new level and spurring a more “open-minded” (Ali 27) individual.

Globalization, a contested concept among leading theorists in its definition, chronology, and measurement of effects, is almost certainly of a multidimensional nature if such theorists’ perspectives are all taken equally into consideration. The broad phenomenon of globalization can therefore be scrutinised more closely by separation and analysis of individual dimensions, such as its political, economic, cultural and ecological dimensions. This approach, while allowing for a more focused examination of the causes and effects of globalization within a single dimension, serves to highlight the interconnectedness of each dimension. The following essay will expose the complex interconnection between the political, economic and cultural

For over thousands of years, globalization has widely occurred worldwide. Infact, since it had such an impactful widespread among people and families, It stayed throughout its heritage and was passed on to today.

Many different contexts group together to make up the term “globalization” such as: technology, trade, offshoring, outsourcing integration, migration, transportation, and environmental pollution. In plain terms, globalization can be described as a process that embraces economic and cultural transmissions between countries. This process is intended to improve the function of economic activities worldwide. The movement also supports the idea of internationalism. Influencing a nation to adopt new political views and educational values can be a potentially positive way to help a struggling nation develop. However, economic improvement in this situation is not always the case. Research provides an irregular pattern concerning economic development. Focusing in on the impact of globalization in South Africa, both positives and negatives have played a part in this country’s struggle to compete with the rest of the world.

The business world, however, uses this term in a much narrower context to refer to the production, distribution, and marketing of goods and services at an international level. Everyone is impacted by the continued increase of globalization in a variety of ways. The types if food we eat, the kinds of clothes we wear, the variety of technologies that we utilize, the modes of transportation that are available to us, and the types of jobs we pursue are directly linked to “globalization.” Globalization is changing the world we live in.

Globalization is defined in many ways. “Globalization generally refers to the expansion of global communications, growing social and political interdependence and the development of a planetary rather than national awareness among many of the world’s people (Anderson, 98).” The process of globalization is allowing people from all over the world be more interconnected with one another. The process is seen in many different ways. Our clothing is no longer made in the United States, today we look at the tags and see “Made in Indonesia” or “Product of Venezuela”. Many companies such as Microsoft, Nike, and Wal-Mart are reaching people in places that were not considered feasible markets only 30 years ago. Globalization has been a subject to controversy by both the richest and the poorest of countries. Outsourcing is a major point of negativity in this new interconnected world. Many jobs are lost from workers in the developed nations and sent to developing nations who will supply workers for less.

Globalization, defined as “a process that aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments” has been around for ages. However, it is a force that is becoming increasing more relevant in today’s world. In layman’s terms, globalism is the merging or “melting” of individual perspectives and markets into a more global market. As of recently, society has been obsessed with studying globalization. However, the conversation is rarely economical. Globalization is typically looked at as a social or cultural force that is shaping and connecting the world. This is scene in clothing styles, human travel, and popular culture that has become increasingly similar across nations. That sentiment isn’t wrong-globalization does have a cultural side, but many people are missing the economic impacts that this new world is facing. In fact, the economic implications of globalization and how governments legislate to control them leads to significant opportunity, but also huge threat globally.

Globalization over the past twenty has become an issue in many countries. This industrialization of second and third world countries by Western Civilization creates many opportunities for the inhabitants. Not only does it expand trading markets, but also promotes productivity and efficiency; thus improving the country and integrating it into the industrial world. This process not only benefits third world counties, but also industrialized nations by allowing them to export goods to the developing world and increase their profit margin.

Globalization is difficult to simply define due to the variety of changing definitions that have been established over previous decades. Hamilton and Webster (2012) suggest that globalization is the connection between nations, defining globalization as a process in which barriers are reduced in order to encourage exchanges between countries. This view proposes that globalization refers very much so to the trade barriers and the improved communications between countries in order to ensure the world is unified. Globalization increases economic activity across the world and opens up markets for foreign investment.

The worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers.

Never in Earth's long standing have people so greatly profited from the economic freedom that globalization provides. While not everyone in the world has gained, or gained equally from the consummation of globalization, it is still very easy to argue that never have so many people, from so many places around the world lived in such prosperous conjunction. It is this reason that globalization is the tsunami to our ocean, flooding and taking over our whole world, while also benefiting us all.

To understand the policies and actions of not only our nation but of other nations as well, we as a people must understand the impact of globalization on the world. Credibility/Relevance Statement: I have always kept an eye on the economy throughout the time that I have know about its importance. I have also placed great lengths of time in researching and learning about the different aspects of the economic globalization to provide the best information for us to learn and use. Preview: I shall begin with the describing what Globalization is and its different eras, then move on to provide examples of Globalization and end the presentation with its impact on the United States’ actions and policies as well as its effects on citizens and the world as a whole. Transition:

In today’s landscape, globalization is surely a highly-loaded term and one that cannot be denied. However, it cannot be accurately evaluated without taking into consideration the point of view of those who have be most heavily impacted, or “globalized” by its spread. Things do not appear as black and white as certain agents of globalization, such as governments or corporations may want to believe and even portray it as such. In both literature and reality, it can be seen that there are more than one side to every issue, and the concept cannot be considered ethically without spending time in consideration of those most significantly affected. Our initial vision of globalization is one that has been sugar coated

Globalization is a unique process which has resulted in the linking of different national economies and local cultures into one global system and significant intensification of worldwide social relations. Development in transportation and infrastructure, as well as technological advancement promoted global interconnectedness and interdependence, having removed the barriers separating the world. Globalization is a fairly recent phenomenon, and as Fichtelberg pointed out, it affects virtually everyone almost everywhere. (Fichtelberg, 2008, p. 3) People all over the world are absorbing aspects of other cultures and lifestyles, through sharing of ideas, food, and entertainment. Globalization intertwined local and global, local neighborhoods are being influenced by world money and commodity markets, operating at an indefinite distance away from that neighborhood itself. (Franko, 2013, p. 3)

This paper sought to evaluate the concept of Trade Liberalization and Development in Nigeria especially from 1999 to 2010. It was discovered that Trade liberalization theory is a branch of international trade as popularized by Adam Smith, which promotes free trade between states. It stipulates that free trade will lead to an increase the wealth on nations. The purpose of the paper is to investigate the role of trade liberalization in the economic development of Nigeria. The study was carried out using the world systems theory, which believes that there is a world economic system in which some countries benefit while others are exploited. Secondary sources of data were used in the study. Our findings however reveal that trade liberalization quite contrary to what its proponents have postulated has not resulted to any economic growth in Nigeria. From the data we have presented it has been shown that Nigerian economy was doing relatively well in the 1960s, but started declining when she started opening up her economy to the outside world buying all manners of goods from the