Rise Of Globalization

In the Article “How globalization Went Bad” by Steven Weber et al. the author describes several reasons why having the United States as the single super power in this modern global market is not exactly a good thing. Weber says that the “evils of globalization are even more dangerous than ever before…The

That this was also the decade in which globalization came into full swing is more than a minor inconvenience for its advocates” (Rodrick). If globalization is supposed to present an advantage to developing countries, why have there been so many setbacks? Indeed, both sides will have its winners and losers regardless of which side of the development coin they live on, but for the most part globalization has lifted millions out of poverty, improved the standard of living, and increased life expectancy rates all while keeping developed nations relatively competitive to their developing counterparts. Globalization’s value is that it seeks to create an economic equilibrium in the world, where parties are free from barriers and can benefit from one another through a more efficient allocation of resources. This allows all participating nations to contribute to an integrated economy and where all nations willing to embrace globalization have the potential to benefit. Regardless, the path to successful integration to the global economy has not always been easy. There is contention towards globalization as some argue that it is detrimental to developed nations, while many developing countries that were forced to hastily open up their markets and integrate failed. However, if implemented properly, globalization has proven that it can benefit all parties involved and that the potential gains outweigh the losses.

It took along time until Canada came to the policy of multiculturalism that it has today. The first nations went through a lot to get to where they are today which is still not a great place considering they were here before any of the European settlers. When Europeans first got to Canada they didn’t consider it as more than a land with lots of fishing. The encounters between the Europeans and Aboriginals were usually pleasant and friendly, because they both wanted to trade with each other and the europeans did not yet have imperialistic ambitions. In the later half of the 1500s Canada started to be seen for more than a fishing district and the Europeans desire for beaver fur started the early trade routes with Canada thus beginning colonization. When the Europeans decided to settle in Canada that’s when cultures began to clash because they both had such different beliefs. The British began making treaties with the first nations in order to share the land but they were making oral promises that were not the same as the ones written on the treaties. When settlers began taking the land of the beothuk they tried to drive the settlers away but, ended up just making them angry so the Europeans began hunting and killing them eventually leading to the extinction of the Beothuk culture. Then the royal proclamation gave the first nations land and

The age of globalization began in the 17th century when different parts of the world came in contact with one another by establishing trade relations. While globalization connected different parts of the world, it also gave rise to capitalism. The events leading up to globalization and in turn, capitalism, are interpreted differently by historians such as Timothy Brook, in his book Vermeer’s Hat and by Greg Grandin, in his book Empire of Necessity. This essay focuses on the interpretations of globalization and capitalism by these authors and discusses the impacts of capitalism between the 17th and 19th century. Brook argues that rise of global capitalism initiated through the movement and transculturation of products, people and ideas

Criteria: What acts have actually been made to respond to the legacies of historical globalization? How have these effects been made in trying to respond to historical globalization? What has changed since then? What has not changed?

There was a time in America when people from all classes saw rising incomes from a growing economy. During the era known as The Great Prosperity, lasting from 1947-1977, the American economy grew extraordinarily due to an innovation in assembly line mass production that was first used by businessman Henry Ford. Henry Ford believed that his workers at the Ford Motor Company should be paid an income that enabled them to purchase the products that they made. Through this concept of Fordism, workers in the manufacturing sector of the economy were paid decent wages, and as the economy grew, middle class wages rose as well, and income inequality fell significantly. These higher wages induced increased consumption of goods and services, thus stimulating

There is controversy over when globalization began because there is no crystal clear start to globalization. Some people believe that globalization started when the Buddhist leader Chandragupta combined aspects of trade, religion, and military to create a protected trading area. Others believe that globalization began under Genghis Khan’s rule. The Mongolian warrior-ruler created an empire that had trade integrated into it. There are also some experts that believe that the rise of globalization was linked to 1492, the year Christopher Columbus made his first trip to the New World.

The reductions of international trade and investment barriers made globalization of markets and globalization of production a theoretical possibility; technological change made it a visible reality (Hill, Cronk, Wickramasekera, 2014). Over the years, there has been major technological development. There are three major technological advancements, include microprocessors and telecommunications, the internet and the World Wide Web and transportation technology (Hill, Cronk, Wickramasekera, 2014). The microprocessor and telecommunication revolution is the one that cause the most significant effect which they allow users to communicate to each other through simple processes; these include satellite and wireless communication. Developments in communications and microprocessors have reduced the cost of global communication and hence the cost of coordinating and managing a multinational corporations. The second advancement is the internet and the World Wide Web. In 1990, there were fewer than one million users of the internet, but in 1995, there were 50 million users and more than 2.4 billion users in 2011 (Hill, Cronk, Wickramasekera, 2014). The internet and the World Wide Web could be considered as an equalizer which it reduces the differences of location, scale and time zones. Therefore, it makes the demanders and suppliers to identify each other easily and provides the opportunities of

The world was changed to globalization. Some of business turned themselves to global company for the great opportunity to reach new markets and supply or more resources that can improve the competency of company working process. Especially, in procurement department, it can be divided into 2 parts. That is purchasing and sourcing. The definition of sourcing means the process to finding proper resource from supplier. Supply chain is a system of a firms, people, information, activities, and resources that involve sending a products or services from supplier to consumer (Nahmias, 2013). Global sourcing was created according to atop paragraph. Global sourcing is the firstly process in supply chain (or someone called global supply chain) to finding a new supplier, selecting the supplier from AVL (Approved vendor list), Contract negotiation (Mostly in pricing), find the proper way to bring the shipment flow from any obstacle .The reason why they using global sourcing is a pricing gap between supplier country and ordering country. Ordering company can take advantage from global resources. The second reason is goods or products are special one because nowhere can find expect this supplier. Global sourcing and retailer are involved at the same like another company. Retailer can classify the type such as online store, grocery store, superstore (market), department store, etc. Retailer need to orders many products come to store and stock it. They have to face risk for stocking such as

Globalization is defined as a worldwide development, the process of spreading ideas. More recently, globalization has become more focused on economics, the spreading of capitalism and opening international trade. Globalization through the past 50 years has developed a bad reputation, one that does not benefit countries the way people thought it would. Joseph E. Stiglitz, in his book, Globalization and Its Discontents, stresses that modern globalization is a good thing, but has not been done correctly in the past few decades. The ideas behind globalization have the potential to benefit the world, specifically developing countries. Stiglitz goes into detail about how the problem falls with the misguided attempts of the international economic institutions to solve developing countries’ economic problems. Something has gone very wrong with globalization, and the purpose of this book is to shed some light on where it went wrong. Stiglitz presents the problems with the international economic institutions’ damaging policies and their effects using ethnographic field work and historically comparative methods.

The term globalization has been increasingly used since the mid-1980s and especially since the mid-1990s. To understand the features behind the word Globalization, we shall draw on the help of definitions provided to us:

Globalization is the growth, expansion and integration of different systems such as economics, culture and politics on a global scale.

IMF defines globalization as “ The growing economical interdependence of countries worldwide through increase in volume and variety of cross border transactions in goods and services and of international capital flows

Global stratification can be defined that globe countries and areas are not on an equal footing in the process of economic, political and cultural globalization (Andersen & Taylor, 2006). The economic globalization has exacerbated the imbalance of world economy and has widened the wealth gap. Globalization has brought unfair relationships between developing countries and developed countries. Gao (2000) noted that economic globalization has expanded the gap between South and North. And it has brought huge shocks to national economy of developing countries. The international economic organizations like the Word Bank, IMF and WTO are in the hand of developed countries (El-Ojeili, C. & Hayden, P., 2006.). All the principles, institutions and sequences for the world economic operation are made by them. (Sklair, 2002)What’s more, the economic, technical and management advantages that is owned by Western countries cannot be easily and fully surpassed by developing countries.

In the recent years globalisation has taken the world by storm. Nations have become more independent which has been supported by transferring of products, services and capital between each other. For developing countries this can potentially lead to a sustainable industrial growth which has been seen as a the tool for fighting the poverty and inequality. Within the economic, cultural and political dimensions, the world economy gains the characteristics as strongly interdependent and integrated. Therefore, all activities happening on international level can be classified as 'internationalisation '. This expression is dating back to the 17th century where the first signs of export were recorded. However, the term 'globalisation ' is younger because it implies “the functional integration between internationally dispersed activities” (Dicken 2011, p. 5).