The Importance Of Globalization

Globalization is interpreted in many complex ways due to how confusing it can be for people to understand. Thomas Friedman wrote the article, “Globalization: The Super Story,” to explain how the three balances are the foundation of globalization. In Laurence Rothenberg’s article, “Globalization 101: The Three Tensions of Globalization,” Rothenberg explains what the three tensions are and how they have affected the world. By analyzing Friedman’s and Rothenberg’s articles and how globalization affects culture identity, effects will be brought to a better understanding.

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

Living demands an identity. A sense of self, which defines who a person is and the means that they exist in the larger macrocosm of the world. The great diversity present on earth derives from the perception of the world that is unique to each individual based on their culture, experience, and impressions. Yet, when variation is compromised, the idea of the uniformity of a global identity spurs the threat of a world conforming to the same ideals that is not exposed to innovation and change. The encroachment of Western powers in the 20th century upon smaller nations demonstrates that globalization spurs arrogance as Western countries, chiefly the United States of America, exert their culture and way of life upon foreign societies. The potential of far reaching development and dominance of individual civilizations world-wide perpetuates instability to cultural sustainability as native lifestyles, traditions, and values cannot withstand external pressures and can deteriorate.

Identity, and more specifically, global identity, is an often-contested topic in contemporary literature on both globalization and new social movements. Critics of globalization cite the loss of localized cultural identity, especially in developing countries, due to the proliferation of homogenized Western ideals through advances in communication, as evidence for globalization’s destructive nature (Tomlinson, 2003). Tomlinson (2003) argues that rather than destroying concepts of personal identity, increased interconnectedness may actually strengthen identity, referencing Manuel Castells’ argument that collective identity acts in opposition of capitalist globalization and asserts individuals’ control over their own lives (Castells, 1997; Tomlinson, 2003).

Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.

Globalization makes us aware of other countries leading us to recognize the differences among all cultures. Perhaps the U.S. can learn from other cultures just as well as other cultures are learning about the American way of life. In Martha Nussbaum’s essay “Patriotism and Cosmopolitanism” she states that we should educate people to become “world citizens.” Nussbaum begins her argument by asking people and countries to look beyond their own needs and take into consideration the world’s need. She believes that we should all aim for a “global moral community” rather than letting national boundaries be a barrier between the human races. She says “We

In his article “The Psychology of Globalization”, author Jeffrey Arnett (2002) claims that Globalization has formed identity issues, thus people develop bicultural identity or self-selected cultures and a period of emerging adulthood. However, he argues that Globalization has influenced young people in non-Western countries and makes them experience a sense of identity confusion, belonging neither to global or local culture. They cannot adapt to the changes of their local culture in response to Globalization and fail to develop a bicultural identity. Arnett states, “Globalization increases the proportion of young people in non-Western cultures who experience a state of identity confusion rather than successfully forming and identity.” (Arnett,

My first recommendation to promote better allocation of resources at the global level is to form a new development strategy focused on the needs of each individual nation state. This strategy relies on a total disregard of the Washington Consensus’ overgeneralized liberal development policies. The World Economic Forum needs to form committees for every under-developed country dedicated to the specific needs of each nation. Each committee must focus on the complex interrelatedness of social, political, economic, cultural, and natural factors unique to each nation. This individual tailored approach to development is time consuming, but it is a critical component of truly tackling the issue of development. This approach to development relies on the disintegration of globalization. The needs of many countries do not align with capitalist polices, and thus undermine the concept of a globalized capitalist market. My plan relies on an individual country-by-country development plan.

Globalization is the proximate and multidimensional set of political, economic, social, and technological integration around the globe. The increasing interconnectedness among countries can be seen through the prism of globalization. Essentially, the lives of people living in distant cities like Bangalore and Silicon Valley are brought closer as a result of this phenomenon. Drivers of this adjacent include; the expansion of trade, technological exchange, labor movement and investments (Stearns 2017). The discourse of globalization encompasses several multidisciplinary themes. The paper, however, concentrates on the economic factors, “which, entails the closer economic integration of countries of the world through increased flow of goods, services, capital and even labor.” (Stiglitz 2007: 4). The paper focuses on economic globalization and elucidates whether the globalization has reduced poverty and inequality or had reproduced the reversed implications. Meanwhile, the paper reveals if the developing world has benefited from the set. This seems to be the central question that policymakers, development economists, and politicians have been grappling with for years. The paper is presented in three parts. Part one reflects on the historical context of the problem statement. The second part compiles literature and juxtaposes with cases to corroborate the globalization-poverty-inequality triangle. Finally, the conclusion represents the author’s viewpoint on the

The word “Globalization” was first coined by Theodore Levitt, a marketing professor, in a 1983 article in the Harvard Business Review, but the concept has long been a factor in the foreign relations of the United States and has deep roots in history. Defined broadly, globalization is the process of integrating nations and peoples—politically, economically, and culturally—into a larger community. Economically, it meant the expansion of trade and investments,

Ever since the advent of the civilization, the movement of people around international boundaries germinated new notions that vigour new movements and standards into the researches of social sciences and humanities. The historical events like war, colonialism or globalization are now deemed as the major ideological forces that is reshaping international relationships, community relations and the individuals place in them, a plethora of new key words have emerged. As people integrate into new host societies and re-define their identities in alien environments, cultural relativism and acculturation have re-emerged as analytical way of understanding contemporary processes of flows of people across international boundaries. While trans-national

Globalisation is the process by which businesses or organizations developing international influence or start operating on an international level with other countries. (Oxford Dictionaries, 2013) Thomas L. Friedman. Globalisation is very important and inevitable for the economic development of the world. It mostly connects people of different places and culture.

Given the ever-changing nature of social relations, powers and political systems around the world due to globalization, the idea of a nation and people’s national identity may be threatened. It can be

“When in Rome, do as romans do” refers to the importance to adapt to the customs or behavior of a different culture or society. In this time of globalization, businesses more than ever must apply this rule. Now, boundaries are eliminated between countries and new opportunities are born. Company enters new countries, moreover, multinational emerges and ultimately evolves to a global posture. It’s becoming part of our life. Every day, we experience various products of globalization. We communicate with friends and family from all over the world, we surf the internet, furthermore, with one click we purchase product from stores miles away from us. However, globalization also implies overcoming cultural challenges company faces when going

Globalization should be defended and extended. Globalization allows for the free movement of people (e.g. migration and remittances), fosters economic prosperity and growth (e.g. flow of capital and trade), and helps bring structure to international politics and support to states (e.g. United Nations and the World Trade Organization). I will argue that while the defense and expansion of globalization benefits the entire global community, the more powerful states will benefit the most. The organization of the argument is as follows. First, I will discuss the positive impacts of migration, especially in regards to remittances. Next, I will analyze the effects of the global political economy on global wealth, trade, and the flow of capital.