The Interacting Mechanisms of a Globalized World

The advancements in globalization have surpassed any intent that anyone would have ever thought possible 50 years ago and will continue to advance. The negative consequences are affecting our future and livelihood, however, the human race continues to push on to reach the next advancement without viewing the consequence of what those possibilities bring. I truly believe we will continue to ruin our beautiful planet, fight and kill each other over completely irrelevant things, and once there is close to nothing left we will then make a change, however, then it will be too

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.

In the article, “The Case for Contamination”, by Kwame Anthony Appiah, the author focused on globalization and its effects on the world. He stressed how new innovations and traditions, rooted from modernization, are essentially contaminating age-old customs and values. Appiah used examples from his personal experiences to illustrate the shift from traditional customs to modern practices within cultures. Although the author explained how globalization adversely affects traditional values and cultures, he also stressed the importance of free will and that ultimately, the people choose which course of action globalization will take on humanity. Though that may be true, the fact still remains that the world is being contaminated with new, modern innovations and values, and globalization is negatively affecting society.

American culture was built on the idea of progress. Our society has focused on creating new technology, advancing the current systems, and these forces thrust the world towards globality, a world where countries are increasingly interconnected. To be clear, globalization isn’t a new phenomenon, but the technological advances of the postmodern era accelerated the path to globality, a world in which our current ideas of national borders are significantly different, much more fluid. Economics is just one facet of globalization, but unmistakable in the chosen image. Economic globalization refers to the complex system that our

In this week’s “Working with Evidence”, the primary focus was on globalization, which is the process of businesses or other organizations developing international influence or operations on an international scale, after World War II. Based on the provided six images and the text of Chapter 23, it presented different ways various groups of people experienced globalization since the end of World War II. To begin, visual source 23.1 (‘Globalization and Work’) shows a Chinese-owned company producing jeans in a small country in southern Africa called Lesotho - this image shows the economic benefits of globalization. Many companies in wealthier countries would often find advantages to build facilities in places where labor is less expensive or environmental regulations are less restrictive. However, some companies would abuse the process of economic globalization as shown in visual source 23.3 (‘Globalization and Protest’). Visual source 23.3 shows a protester in Sao Paulo, Brazil, holding up a sign that reads “A better world according to Monsanto is a world with more cancer.” The company Monsanto is a major producer of herbicides, genetically modified foods, and many highly controversial chemicals such as DDT, PCBs, Agent Orange, and bovine growth hormones. In dozens of developed/developing countries activists have demonstrated or riot against government policies that removed subsidies raised prices on essential products, frozen salaries, or cut back on social services. Although

At this point of time, globalization has grown to be a phenomenon that is significantly important economically, politically, and culturally. The amalgamation and incorporation of the world economy around the globe has reshaped business. Not only this, it has created "new social classes, different jobs, unimaginable wealth, and, occasionally, wretched poverty" (Kiggundu 2002, p. 4) by restructuring the lives of the individuals. For some, globalization is associated to modernism and contemporary practices. Others understand it as American domination (particularly those living in Asia). On the other hand, some people believe it to be the emasculation of America (Kiggundu 2002, p. 4).

So far Thomas Friedman has identified three eras of globalization. Globalization 1.0 lasted from 1492 (when Columbus set sail to the ‘new world’) to 1800. Friedman describes this as when we “shrank the world from a size large to a size medium” (9). This era began discovering new lands and set up trade with outside civilizations. Globalization 2.0 lasted from 1800 to 2000 when the world transformed to a “size small” due to the industrial revolution and the expansion of multinational corporations. And finally, globalization 3.0 when the world went flat because of remarkable technological advancements. Other nations, including those in the third world category, are finally able to access vast amounts of knowledge, and their previously closed off economies are now open to provide more work for their people. The economies of these nations exploded from a large labor force and exportation, but the American economy didn’t do as great. From 2000 to 2014, the share of adults living in middle-income households fell in 203 of the 229 US metropolitan areas. Global commerce has been dominated by transnational companies that do not care for individual countries, but rather cheap wages and productivity, which undeveloped nations have. Jobs that require high school diplomas, or are plain simple, are either sold off to another country or automated. Automation is the replacement of human beings with robots or machines in order to reduce salary expenses and

The world is not a large and strange place anymore. The world is a place that is interconnected and intertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. Globalization is the ‘international integration” or ‘de-bordering’ – “a number of highly disparate observations whose regular common denominator is the determination of a profound transformation of the traditional nation-state” (Von Bogdandy 2). Globalization is connecting different people from different cultures and backgrounds together. More and more corporations are entering new foreign markets to sell their

The 20th century brought with it a rapid expansion of the global interrelatedness of the world. In the beginning of the 20th century the world was dominated by a European world system of colonial empires that was created through expansion by sea (Findley, 2011). The competition between Britain and the other colonial powers led to an insatiable appetite to expand their empires across the globe (Findley, 2011). As the 20th century progressed this European world system collapsed and a new three world system of the United States, Soviet Union, and the rest of the world emerged (Findley, 2011). The end of the century coincided with a new era of globalization that was made possible by the introduction of global communication via the internet (Findley, 2011). This new technology brought the entire world closer together than it had ever been before. The four events that best illustrate the progression of global interrelatedness throughout the 20th century are the Great Depression, World War II, Cold War, and the introduction of instant global communications via the internet.

In the past few months, the Brexit referendum attracted the attention from the whole world. The globalisation has made the world today far more connected than ever so that every country could be affected by this big event. The globalisation has had profound and lasting influences to UK economy. This essay will firstly focus on the pros and cons of globalisation, then discuss the UK sectors which benefited and suffered from globalisation respectively, finally analysis the overall effect of globalisation on the UK economy.

David C. Korten’s book When Corporations Rule the World, analyzes the worlds economic development and argues that our economy is controlled by multinational corporations who’s interest is in profit and money and not in the well-being of society or the economy. Korten believes that the Government does not have enough power because we let the corporations get too big and gain too much wealth. He talks a lot about how these corporations are ruining our economy today and are eventually going to be the reason for human destruction. Korten analyzes the effects of these coporations and predicts a three-fold human crisis being the deepening of poverty, social disintegration, and environmental destruction. Korten believes the answer to hindering this globalization is to limit the power of these corporations and to bring the economy back to small business ownership causing a multilevel system nested economy. This multilevel system aims to be self-reliant, self-managing, and ultimately cause a more stable economy looking out for the rights of the people rather then focusing on profit.

Globalization involves a variety of links expanding and tightening a web of political, economic and cultural inter-connections. Most attention has been devoted to merchandise trade as it has had the most immediate (or most visible) consequences, but capital, in and of itself, has come to play an arguably even larger role than the trade in material goods. Human movements also link previously separate communities. Finally, there is the cultural connection. All the individual data would indicate that we are undergoing a process of compression of international time and space and an intensification of international relations. The separation of production and consumption that is the heart of modern capitalism appears to have

“Globalization is not just one impact of the new technologies that are reshaping the economies of the third millennium” (Thurow 19-31). When speaking of globalization, most people will not have a complete understanding as of what it actually means or what aspects of the world it affects. Globalization promotes free trade and creates jobs. The capital markets attract investors, resort cheap labor, and leads to job losses in some areas of higher wage. While all of this is happening, the world economy is being effected: economically, culturally, socially, and politically.

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was