Steger (2013), globalization is a widely used word and it always refers to a process, a condition, a system, a force, and an age. However, globalization is not easy to define because it is a highly controversial term. Each individual has their own perspective about what globalization is and those viewpoints can be divided into three main schools of thought: globalist, internationalist, and transformationalist. A UN secretary named Kofi Annan once stated that arguing against globalization is like arguing
Kofi Annan, a UN diplomat, once said,“...that arguing against globalization is like arguing against the laws of gravity.” He is undoubtedly correct in this assessment. Indeed, globalization is no longer something to be skeptical of, it is very real and is changing our world exponentially. The affects of globalization, however, continue to be a heated topic for debate. Proponents praise the overall economic lift provided by free trade, the diffusion of cultures, and the spread of democracy
Annan once said, “Arguing against globalization is like arguing against the laws of gravity”. Globalization is an inevitable phenomenon in human history that brings about greater interconnectivity and integration of people worldwide. Over the past few decades, the pace of global integration has accelerated quickly and dramatically due to unprecedented advancements in technology, communications, science, transport and industry (The World Bank, 2013). Globalization affects economical, cultural, technological
For example, thanks to globalization there are now sweatshops in China that are bettering the lives of countless workers and their families. However, as we have seen the negative effects that come from globalization could be devastating. One event that exemplifies the disastrous effects of globalization would be the Rana Plaza collapse which resulted in the deaths of at least 1,000 people (Julfikar, and Nida). This brings up the debatable argument of whether globalization
Paul Krugman Paul Krugman is well known for his New Trade Theory, International Trade Theory, and for his weekly columns in The New York Times. Krugman has written over a dozen books and textbooks explaining economics for a general audience. Krugman is a Professor of Economics and International Affairs at Woodrow Wilson School of Public and International Affairs at Princeton University and Centenary Professor at London School of Economics. What is critical in Krugman’s approach is he united two fields
Paul Krugman is well known for his New Trade Theory, International Trade Theory, and for his weekly columns in The New York Times. Krugman has written more than twenty books and textbooks explaining economics for a general audience. Krugman is a Professor of Economics and International Affairs at Woodrow Wilson School of Public and International Affairs at Princeton University and Centenary Professor at London School of Economics. What is critical in Krugman’s approach is he united two fields, which
“It has been said that arguing against globalization is like arguing against the laws of gravity” (Kofi Annan, Former Secretary General of the United Nations). Globalization has had and will continue to have a lasting impact on our modern every-day lives. While some United States citizens may not even be able to locate Beijing, China on a map, they sure do purchase many goods that were made there. Globalization is a concept with many meanings and interpretations that have made many people very confused
Globalization Through the Manipulation of Nationalism In a recent speech in Washington, President Donald Trump stated, “We will no longer surrender this country or its people to the false song of globalism,”. Mr. Trump has sworn to put America first. What does this mean for the rest of the world? Is globalization a defective idea? While globalization does have some cons, there is no denying that it has had commendable effects in many present day nations and metropolitan areas. Although it would be
different beliefs and policies, yet sharing the same aspirations for global influence. What ultimately toppled the Soviet Union was the onset of globalization as its isolationist regime made it laborious for the nation to evolve. As Kofi Annan said it during the 53rd DPI/NGO conference, “arguing against globalization is like arguing against the law of gravity”. It can be inferred that the essence of human nature is based on freedom and therefore people naturally seek liberty (Flew, 1991). Socialist
Economic globalization has been a crucial role and a very commonly discussed issue in today’s world. As explained in the book “International Business”, the term economic globalization means increasing economic interdependence of national, regional and local economies across the world through acceleration of cross-border movements of goods, services, technology, and capital (Joshi). Many people’s first impression of economic globalization would be the significant economic growth and higher living