Globalization and Sustainable Development Essay

Globalization’s impact on sustainable prosperity is examined in the source. It does this by asking a question. Also examined is the impact on all people and this would include both developing nations as well as developed nations. The source is also somewhat leading the reader to question the extent of the impact, which implies that there is a positive impact on sustainable prosperity. Also the fact that it states, “for all people” implies that all people benefit. While globalization may contribute to sustainability to a limited extent or in certain circumstances, on the whole, globalization degrades rather than builds sustainable prosperity. This will be explored through looking at globalization’s systems and forces, specifically consumerism, the media and transnational corporations.

Contrastively, globalization itself has great damage to the environment. Due to developed countries going into developing countries to exploit their resources, the natural resources is depleting at a rapid speed, yet we are still not doing enough to stop it. As there are strict laws regarding the environment in developed countries, these companies turn their eyes onto developing countries whose environmental laws are more relaxed in comparison. As these developing countries also want to earn revenue and income that these companies bring, they open the door to them, but destroying Mother Earth at the same time.

To what extent does globalization contribute to sustainable prosperity for all people? For example, when a company from one nation makes a trade agreement with another company in another nation they both may find prosperity. Likewise, when two nations agree to a treaty it makes quality of life go up in both nations because the threat of war is gone. Without globalization, we would not have as many products as we have today and that is why it makes us prosperous.

Individual Identity: Every year my family tries to take a trip back to China in order to see family. On trip back played a big role in shaping my identity. In the summer of 2012 I had the daunting task of travelling alone China. This consisted of mastering the Chinese phrases needed to guide me along the way and some way of figuring out how to transfer flights. Surprisingly the hardest part was not finding my way it was merely being alone I found that I got very lonely in the long 14 hour trip and I needed to find a way to occupy myself in order to avoid loneliness. The things I learned from being lonely help form my identity. I found that the more I tried to push away the loneliness the more it just came

The occurrence of globalization, sustainable development, and the ecological footprint are all seemingly connected in today’s environmental capacities. To further understand these environmental processes, one must divulge into these individual environmental concepts to properly understand their facilitations. Furthermore, according to professor Vamvakas “a major theme of Sustainable development is the alternative to the destruction of the world environment by the economic imperative of globalization” (Vamvakas, 2014).

From an average American's perspective, globalization is a win-win situation for everyone involvedt. But we fail to see the other end of this situation, where lower-class families around the world are faced with troubles. In countries such as Indonesia and India, American companies purposely set up factories and take advantage of the population by giving them wages below minimum wage to manufacture their products. Families are forced to send their children to work in these factories in order to make enough money to survive. When there is only enough money to put food on the table, living conditions are poor and necessities such as clean water are not as available as they are for us Americans. In other countries such as Colombia, the drug

Aspects of Globalisation The Organisation for Economic Cooperation and Development (OECD) defined globalisation as, 'The geographical dispersion of industrial and service activities (for example, research and development, sourcing of inputs, production and distribution and the cross border networking of companies (for example through joint ventures and the sharing of assets) Economic activity is becoming organised on a global scale giving a new international division of labour, with production, investment patterns and movements and technology transfers all becoming global. In this strategy, activities are established in many sites spread over the world, based on a country's comparative

With the development of the global economy, the interaction between environment and companies became more important, therefore, throughout macro environment analysis, which includes political, economic, social, environment, legal and technology (PESTEL) that provides an indispensable part in the comprehensive list to understand opportunities and threats on the businesses (Searle and Barbuto, 2010). In this industry, political, economy and technology would mainly influence the strategies, thus

The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to be at any given time (Harrison, 2010). This paper will examine the influence of factors on world economy. It will also examine how these factors shape global economic environment.

As trade increases hyper-competition grows forcing organizations to go global. By a company going global it requires them to rethink strategy and reform (Ananthram and Pearson, 2008). Global organizational structure is the way a company aims to merge local preferences with global strategy. The definition of global strategy is “strategic choices that have the characteristics of being globally uniform or integrated,” (Yip et al., 1997) such as standardization of products, uniform marketing, and competitive moves, but all globally (Townsend et al., 2004; Zou and Cavusgil, 2002; Bayraktar and Ndubisi, 2014). Global strategic strategy is a way to adjust to globalization. Globalization is “the economic and social process by which economies and communities grow inextricably interdependent “(Jhirad et al., 2009). The recent financial crisis (Das, 2010), large amount of poverty, and climate change are all problems that show how the world is globally connected because all countries impact each other (Jhirad et al., 2009).

Technological advancements in the last few decades allowed a greater interconnectivity among people around the world. This phenomenon is called globalization. As humans continue to advance technologically, we, as humans, will become more unified. This unification has many benefits. We will be able to work together on an economical, political, and social level. The state-of-the-art capabilities in commerce and trading between countries globalization fosters immense economical growth. Consequently, this growth will lead to an increase in jobs and overall economic health. Nevertheless, some claim that globalization will have certain costs. Many argue that some local cultures will die as a result of globalization. As technology grows and we become more interconnected, all cultures, big and small, will become more homogenous. The global homogeneity that globalization induces unfortunately leads to the demise of uniqueness in culture, essentially destroying smaller cultures all together. Russ Rymer (2012), an author that has worked for many publications including National Geographic, New York Times, Smithsonian, etc., claims that the reach larger languages, such as Mandarin and English, is expanding to “seemingly every hamlet” (p. 7). Some do argue, however, that the global culture that is created will allow for humans to work together in a more efficient manner than ever before. The question that needs to be asked is do the economic benefits outweigh the cultural costs of

The principles contained in the Convention were updated in 2007 with the conclusion of the Hague Convention on the International Recovery of Child Support and Other Forms of Family Maintenance.

The concept of sustainable development has become a major topic among intellectuals from various fields. Sustainable development has gone through various changes in its definitions and at present does not have a commonly accepted definition. The origination of the concept of sustainable development is debatable. In 1974 at a conference on Science and Technology for Human Development by the World Council of Churches the concept of a “sustainable society” is believed to have been first noted. This early concept focused on equitable distribution of scarce resources and the need for democratic decision making. In 1980 the currently used term of sustainable development emerged in the

• Primary commodities have fallen in price, or stayed steady, while commodities they need has increased, e.g. oil

3. Thomas L. Wheelen & J. David Hunger. 2012. Strategic Management and Business Policy Toward Global Sustainability. Thirteenth edition. Pearson Education