Impact Of Globalization On Government, Business And Civil Society

It is not a new phenomenon but it is arguably the most significant, yet problematic and controversial change in the modern era. The report will analyze globalization by first scratching the surface and examining the positive claims associated with globalization and the way in which it has cemented economies and countries like Australia and China. The report will focus on three main claims: (1) Globalisation is about the liberalization and global integration of markets (2) Globalisation benefits everyone; and (3) Globalisation furthers the spread of democracy in the world. However, through the discussion will come to light that Globalisation is a doubled edged sword comprising of negative consequences, which at times may question the validity of this

Globalization is an important term that is partially responsible for an economic revolution that took place around the world. Theodore Levitt, a former Harvard Business Review editor, coined the term “globalization” and used it for the first time in one of his articles in 1983 (Los Angeles Times magazine, 2006). According to the Business Dictionary, globalization can be defined as “the worldwide movement toward economic, financial, trade, and communications integration” (businessdictonary.com). China can be considered as an excellent example to demonstrate globalization. When Deng Xiaoping was elected as the Communist Party leader, he brought about economic reforms that opened the Chinese economy to the rest of the world and later introduced itself into the World Trade Organization (WTO) in 2001 (bbc.co.uk, 2006). Hence, expanding the growth rate of the Chinese economy, which has been constantly rising over the past decade. As of 2016, China is the second largest economy in the world with a GDP of $12.9 billion USD, and will continue to grow following the trail the United States (money.cnn.com, 2016). The emergence of China and its success as a powerful economy in the world can be partially credited to globalization. The following paper focuses on both the positive and negative ways in which China has been affected by globalization and its outcome that has placed China to where it is today.

For the last two decades, globalisation has been the main concern for many countries in the world, but it is not simply a process that started two decades ago, many studies suggested that globalisation is an essential part in mankind economic history that has stretched for thousands of years (C.R., 2013). Globalisation, as proposed by Al-Rodhan and Stoudmann (2006), can be defined as follows:

Globalization is defined by Helena Norberg-Hodge, Steven Gorelick, and John Page as, “the deregulation of trade and finance in order to enable businesses and banks to operate globally. And the emergence of a single world market dominated by transnational companies” (The Economics of Happiness). Despite this un-alarming definition, Katherine Cullen believes the truth behind globalization is much more harmful. According to Cullen, globalization is detrimental to our economy, our climate, and our happiness and well-being. She argues that globalization has destructive practices, and due to, “the promotion of market economies and a consumer lifestyle [globalization disconnects] people from the natural world and fundamental connections absolutely necessary for people to be happy” (Cullen). She also notes that corporations, who are promoting globalization to for financial gain, try and push “cruel advertising” (Cullen) in other regions to endorse the American consumerist culture (Cullen). By doing this, corporations are, “deciding what our culture[s] [are] to increase profit” (Cullen). Cullen claims that corporations use other cultures for financial gain by drain those regions of their resources while transporting mass amounts of goods into the United States. This is why Cullen argues that globalization results in the acceleration of climate change. The act of transporting goods to and from the U.S. emits large amounts of greenhouse gasses into the atmosphere (Cullen), resulting in

Throughout the global economy, many countries and nations continued to share their investment to promote their economic growth to modernize their industries, but some nations viewed the idea of globalization negatively due to employment disparity and cultural deterioration. The term, globalization has defined a process that businesses or other organizations developing international influence or start operating on an international scale. Many Eastern Asian countries like China, Japan, South Korea, Thailand, and Taiwan have been greatly impacted by globalization from the worldwide investment like technologies to increase their economic growth and the free trade impacted many Eastern Asian countries, but most Asian countries viewed also globalization negatively due to creating their own economic system, the shift of power in the economy, and the emergence of Western-dominated culture in Asian traditional culture.

Globalization greatly expands in 1990s when it is the period of business establishments nationwide (Naime, 2009). This phenomenon allows economic and politics of one country penetrate others (Mittelman, 1997). In addition, the factors of globalization includes the spatial reorganization of production, the industrialization across borders, the expansion of financial markets, the diffusion of identical consumer goods to distant countries, massive transfers of population and emerging worldwide preference for democracy (Mittelman, 1997). It can be seen that democratizing countries have gained ability in economic improvement in the era of globalization. In fact, democratization emphasizes broad and inclusive citizenship where all citizens have equal rights in political system (Linz and Stepan, 1996). As a consequence, democratization enhances people to participate and attend to choose political leaders to develop their countries. According to Rudra’s research (2005), the significance of globalization is bringing about changes in politics and public policy in democratizing countries. In recent era, globalization creates new wave of political economy in transforming modernity and international markets. At this point, developed and developing countries has emerged together due to trade openness. Southeast Asian countries decided to be an integral part of the global economy (Lechner and Boil, 2003). Asian democratizing countries seem to be under pressure to adapt with the new wave

Globalization is killing the globe. Globalization is a way of interaction between the people, transnational agencies, organizations, and governments of different nations. Globalization is not new. Thousands of years ago, people began commercial activity between lands separate by vast distances. The Silk Road was the most famous line that brought music, culture, ideas, foods and routes connecting East and West. Fischer’s article “Globalization and Its Challenges” shows economic globalization grew up in the period before 1914, but was set back by the two World Wars and the Great Depression. The international financial order that was established at the end of World War II sought to restore

The expression "globalization" brings out numerous reactions both positive and negative. What precisely is "globalization". "Globalization refers to increasing integration and global interconnectedness of trade, market, products and culture. It is enabled by technological innovations and underpinned by shifting power relations that sees finance capital as relatively dominant and transnational corporations as very powerful vis a vis the nation state"(Capling et al 1998). There has been a constant face off going between companies and government to have a fair share from increasing globalisation. This paper will argue the positives and negatives globalisation have

“Globalization is the process by which everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world.” Presently, the world is considered more globalized than it has ever been. The world today has embarked on strong world relations through trade, exchanging both knowledge and goods. According to the World Trade Organization there are ten benefits of trading systems; the first entails the idea that “people are usually reluctant to fight their customers.” This is the foundation our world is constructed on. Globalization’s effects in the world presently has allowed for a reduction in armed conflicts and warfare.

Globalization has an important role in transport and trade to various countries around the world. With the many benefits of globalization, it also brings about diseases that normally would be contained by boundaries and the rate of spreading is enhanced. Third world countries have a higher risk of infectious diseases and an increased death rate. The World Health Organization has specific days designated for different issues: World Malaria Day, World Hepatitis Day, World AIDS Day, etc. The U.S. population can be affected by health threats across the globe; failure to act on and prioritize health and security can lead to disaster. The United States has “taken important steps to strengthen its capacity to address the threats posed by these

The impact that globalization provided to the world was a positive effect that expanded the influences from one country to another. Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Similarities on how national markets established themselves in other countries which increases not only international trade but also cultural exchange. This increases cultural trade because it gives countries the ability to be able consume products and take in products that would help their country. A vast of trade networks such as The Silk Road and The Columbian Exchange, became a central origin on how networking began. These trade networks gave the central idea of how regions can work together to trade, such as materials and silk, and can help expand the growth of their knowledge of the things. The significance of this origin established the beneficial things people use in the 21st century, such as, technology, the sharing of knowledge, and the trading process.

Globalization, it could be argued, began when tribes first realized there were other tribes in the surrounding areas. With different specialties and skills, these groups began to trade. While these groups may not have been very geographically separated, the available world was expanding as more and more people groups began to connect and interact. Landmarks in the development of globalization can be traced through history: from the exchange of both goods and knowledge on the silk roads and the discovery of the Americas to the inventions of the steam engine and the telegraph (Free Exchange, 2013). Through these milestones, the world was growing in terms of awareness, but shrinking in terms of ability to travel, trade, and share ideas.

It is without a doubt that the world today has become a “Global village”. Nobody wants to do or wear or even eat something that’s old news, all are out to get the “new” thing in the market. People in every corner of the world have access to similar services and products. Let it be fashion, entertainment of even food. Everybody is adopting similar habits. That’s the power of globalization. Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Globalization seems to talk about several vibrant phenomena which ensure two major components. Firstly, they function across national boundaries and secondly, they result in higher incorporation or interdependence of human societies. It is therefore one aspect of development that affects the world in general, from every point of human view. However, this did not happen overnight. Many companies were a part of this process. Unilever being the biggest out of them all. It is one of the strongest and healthiest companies in the world with multiple successful brands. This further allows the company to expand into foreign markets in order to gain access to customers around the world. The strength of the company lies in its key four global brands Dove, Sunsilk, Rexona and Lux.

Globalisation is the worldwide relationship between countries, and it’s what connects us all in order for countries to exchange in goods, services, labour skills, economic development and political development. Globalisation is a modern term used, but the concept may have been around for years. Philosopher Hegel (1770 – 1831) was one of the first theorists of globalisation as his philosophical theories seem to suggest that he was conscious of interconnected nations. But now it seems that modern society cannot escape from globalisation as it is probably one of the most important features of the economy and politics, as it allows companies to outsource, which opens up a bigger market and choice of where to manufacture and gives maximum freedom for businesses to be able to do what they want and go where they want in order to grow.

According to the International Labour Organization (2003), the term ‘globalization’ is used in diverse ways, but the major idea behind the term is progressive integration of societies and economies; the progressiveness is motivated by new economic relationships, new technologies, and various national as well as international policies of an array of players and entailing international organizations, governments, labor, business, and civil society. This implies that there are two aspects to the globalization process; first, it refers to various factors like trade, technology, financial decisions, fluent communication and proper flow of information; these factors are the primary reason that brings a society together as a family and all the citizens as family members (International Labour Organization, 2003). Second, it refers to institutions and policies, which integrate various countries and economies such as trade or capital market, international standards and rights of labors, behavior and other issues in the companies towards labor, property rights (via agreements) etc. that operate at both a national and an international level (International Labour Organization, 2003). Both aspects of globalization demonstrate that the term was coined for a progressiveness of society; therefore, it both influences and is influenced by society. Whether the impacts of globalization are primarily positive or negative is still uncertain; this essay will seek to answer that