The Importance Of Globalization In The International Community

Globalization is the process by which the markets of different countries become integrated due to the exchange of goods, services, technology, and capital. Globalization depends on social, economic, and political factors, and continuously alters the way that the world works. All the vital components of the evolving global, political, economic and social institutions being examined seem to constantly converge and to perpetually intertwine during the day to day administration of global affairs. Diplomacy is employed to keep a measured balance between conflict and cooperation. The global guarantees of international law are placed in sharp contrast to the grim reality of human rights on daily basis and policy is dictated by the scales of political power and the urgent priorities of economic necessity. To understand how the globe functioned in the past and how it wishes to function in the future, we must study each factor separately and observe its inevitable interactivity with the other factors that occur. It is important to note that none of the dynamics can be given greater weight in comparison to the other crucial instrumentalities.

Globalization can be seen as reduction in barriers between countries. Globalization has opened the world market for international trade. The movement of globalization have contributed to the spread of knowledge, culture, technology, and information across borders. The increasing role international expansion across border has also increased the focus of multinational corporations to international business strategies. Organizations today in developed nation or in developing nation are going international due to increase in competition. They want to expand their limits beyond local region. Competition in domestic market and pressure to expand the business are the few reasons for the globalization. The following are the few

The issue of globalization for the people of the United States has been a long and terrifying problem for them. Although other countries many have had issues with this problem it appears the U.S. is still being affected by it to this day. Although not everyone in the United States may have been affected by the issue. Majority of the people (mid class and lower class) have somehow been affected by it or knows someone that has been affect because of it. This issue of globalization has been talked about by politicians so it appears it had to been a major impact to the country. Thus, this issue of globalization has been an issue for the United States for a long-time way before the twentieth centuries. Therefore, this paper will discuss what is globalization and how it has impacted Americans views and how some people’s views changed because of it and finally, what is the impact of communications technology. All these key topics will help with getting a better understanding of what these issue is and how it has affected society today.

I believe globalization is somewhere in between of having a positive or negative impact on the world. Just like the old saying “too much of a good thing can be bad for you” the key to everything in life is balance and excess might harm you. Furthermore, both sides of globalization have compelling arguments on the positive and negative effects of globalization, furthermore different countries and cultures would have different opinions in regards to how they have been affected by globalization. In this assignment I will look at the positive and negative views of globalization to further prove that globalization ultimately falls somewhere in between as being positive or negative.

In today’s global society, it has become difficult to find someone that has not been impacted in any way by Globalization. Some societies will be more or less affected but we cannot deny the idea that Globalization impacts everyone, which resulted in a large number of economists and philosophers writing their own opinion and theories on the subject. Based on this idea, I came up with the following question: What drives a company to globalise and what are the implications? I will tackle the question in this essay by first defining what globalization is, explain why companies become global and what are the implications of globalization on different social classes. My arguments will be backed up with evidence from the following authors: Adam Smith, Branko Milanovic and Harry Braverman. It is difficult to come up with an exact definition of Globalization; however, we could define it as the idea of trying to make the world communities become one by integrating world economies. This ongoing process that contributes in making the world look “smaller” by merging economies, societies and cultures to improve global communication and trade has not only economical impacts but also social and cultural.

The concept of globalization is a complex and peculiar one, failing to be definable by a single, precise definition. Centrally, globalization involves information and goods being exchanged amongst different countries. These interactions and interchanges among countries globally over time is due to an increase in communication and transport networks. Globalization is often divided into three main areas being economic globalization, cultural globalization and political globalization. All three are vital areas to one’s life and globalization is said to have a large impact on each. Although globalization is controversial in the aspect that it cannot be declared just how much of an influence the notion has in the world. Political scientists such as Muhammad Ijaz Latif, Anton Pelinka and Martin Wolf all discuss this issue in their respective pieces as well as differing aspects of globalization such as the role the European Union plays in relation to globalization, the different perspectives of globalization and the challenges of the nation-state in regards to globalization.

The Book Globalization: A way short Introduction by Manfred B. Steger was a great book. Out of all the books I have to read for classes and etc. this one was one of the best reads. I learned so many things that I never have thought about in globalization. Generally people just know it as spreading one’s ideals into the world. But after reading this book I was able to really learn about the effects and consequences of the globalization. I also learned that globalization really affects everyone around the world pretty heavily. There were many new and important Ideas I learned from this book, but there were also some that I did agree on.

In the past few decades globalization has been rapidly intensifying, as nation states are being more and more interdependent towards one another culturally, politically and socially, the world has almost become a single network of complex relations between states. Although the definition of Globalization has varied and changed over the years and amongst theorist and scholars, globalization is nothing new, it has occurred since the dawn of time, rather its rate has intensified rapidly due to the advancement of technology. While Martin wolf interprets globalization as a “…journey, but toward an unreachable destination, the globalized world. A globalized economy in which neither distance nor national borders impede economic transactions. A world where the costs of transport and communication were zero and the barriers created by differing national jurisdictions had vanished” (Wolf, 2001: 178). An illustration of Wolfs summary for globalization could be interpreted through the European Union, in which assoicated states agree on the collective notion of democratic values and standards, its single currency Euro and its barrier free immigration policies make up the very essence of what Wolf is implying Globalization as. On the other hand, State Sovereignty is valued through the three fundamental ideas, ‘’absolute supremacy over internal affairs within its territory, absolute right to govern its people, and freedom from any external interference in the above matters” (Wang, 2004:

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

Globalization has been in a toss-up on the valuableness of its control and how it benefits the world. Many views have come up due to the advancement of the world collectively, some believe it has only benefited society has a whole while others say it has brought only destruction to the social and cultural aspects. Two professors at highly ranked universities discuss their views on Globalization and how it has influenced the world. Globalization has greatly impacted the world through its social relations through culture. Amartya Sen at Harvard University expresses his views on Globalization through the spread of intellectual ideas and how it takes one great idea to spread across the globe.

In modern societies, globalisation has become an issue having various impacts on many nations around the world. The issue can be described as “a process in which physical, political, economic, and cultural barriers separating different regions of the world are reduced or removed, thereby stimulating exchanges in goods, services, money, and people.” (Hamilton & Webster, 2015, p.5). On the one hand, globalisation has numerous good effects on the development of countries, such as diminishing trade barriers, obtaining more international investment, enhancing economic conditions of countries. (Mehlika, 2015, p.5). Nonetheless, there are still some bad outcomes of globalisation negatively affecting the power of nation states with respect to politics, economy, and society. The author strongly agrees that globalisation has frustrated the power of nations for three main reasons.

When we think of globalization historically, should we apply it within the frame works of archaic, proto and modern? A. G. Hopkins who wrote Globalization in World History tends to think we should. He defines archaic globalization as before to the industrious revolution and the creation of the modern state prior to 1500. For Hopkins, this time period planted the seeds of what would become the proto period. In proto-globalization, from 1500-1800, arose the beginnings of the state and the dilation of the global economic system by increased efficiency in revenue exploitation and the revolution of military fiscalism. Lastly, modern-globalization began to emerge in the mid 1800s to the mid 1900s. What defined this period separately from proto global periods was the ascent of the nation state and the aggrandizement of industrialization.

Globalisation is disputably the most vital factor currently shaping the world economy. Although it is not a new phenomenon (waves of globalisation can be traced back to the 1800s) the changes it is bringing about now occur far more rapidly, spread more widely and have a much greater business, economic and social impact than ever before.

The technological development that characterizes the past two decades has triggered a communicational enhancement around the globe. Interconnectedness between people is greater everyday; goods, services, money, and information are exchanged between the furthermost parts of the world. International travel and communication now represent ordinary aspects of life. This phenomenon is called globalization.

If a business has a great product or service; why would it not share that product or service with the world? Business leaders in the business world of today are feeling the push to go global. There has been a huge increase in the size of the global market over the past 20 years and the only alternative CEO’s have had are to get on board or get left behind (Govindarajan, 1998). Business experts believe that globalization is no longer an option, but a strategic imperative for all but the smallest corporations (Govindarajan, 1998). Several organizations have made their global presence successfully and others have been faced with many challenges. Companies that are operating globally have