Globalisation is expressed in transcontinental flows and networks of activity, interaction and power between countries, irrespective of geographic distance. It establishes and maintains economic, political and socio-cultural relations. This interaction helps economies through growth in international trade, investment and capital flows. Some factors that have acted as the driving force of globalisation include technological innovation as it had made transport and communication around the world easier, capitalism and trade have also played an important role in encouraging globalisation. Trade
As we all know, global trade is no easy, companies cannot just ship their products to another country and sell it in the foreign market, there are many factors need to be considered and analysis. In my point of view, the factor can be separate into internal and external factors.
The practice of world trade amongst countries has taken over the rate of domestic production. It has led to the free flowing of money across national borders, which opens doors for companies and investors to seek for best rates for financing anywhere across the globe. Such trend is known as globalization and Cullen & Parboteeah (2008) defines globalisation as the worldwide trend of borderless and interlinked world economies, and companies no longer restrain by domestic boundaries and possibly conduct any business activities throughout the globe.
Technology has made the world a smaller place. Recent innovations in jets, satellites, and computers have made communication across the globe faster. People are now able to travel to any destination they want in less than a day, so why can’t businesses travel as well? Globalization intends to answer that question. New technology has increased worldwide trade and investment by allowing more companies to trade at a faster rate. Thomas Friedman considers globalization to be “farther, faster, cheaper, and deeper than ever before” (9). Multinational corporations that have entered globalization can now trade their business wherever labor is the cheapest.
d). Also, goods are moved throughout the world through ocean and coastal routes, inland waterways, railways, roads, and air freight, and this global goods movement are enhanced by the global freight transportation system. For instance, worldwide shipping account for eighty five percent of goods movement all over the world with about 500 million containers moving through global ports yearly (McGreevy, & Harrop, 2015, P.328). Transportation is termed one of the four main components of globalization (Kumar and Hoffmann, 2002; Corbett and Winebrake, 2008). The worldwide supply chain system depends upon the networks of transportation infrastructure, and other critical elements like information technology to succeed (Obama,
The accelerating pace of international trade is one of the most dominating, and important features, of contemporary life. Globalization is creating widespread changes for societies, economics, and governments. Since the invention of the steam engine, transportation and communication limits have faded away and, with the development of the Internet, practically disappeared. A case can be made for the proposition that trade, throughout history, has been the main engine for the development of the world as we know it today. In his book, A Splendid Exchange: How Trade Shaped the World, William J. Bernstein makes this case.
“Prince Charles 's Newest Cause: Combating Ocean Trash” (March 2015). “New Titi Monkey Found: Fire-Tailed, With Sideburns” (Mach 2015). “Bolivia launches an innovative forest certification system” (January 2015). “Alleged King of Amazon Deforestation Detained in Brazil” (February 2015). What do all these headlines have in common? That finally people have taken action towards the biggest problem facing the World today, and over the next centuries to come, climate change. Countries all over the world have started investing their power and time on focuses for environmental issues because we are on the point of no return. What does this mean? We have reached such a level of pollution that if we don’t act now, as in every day for the rest of
The oceans face many types of pollution every day, every second. The ocean is our greatest ecosystem and out most valuable resource. A common misconception is that the rainforests are the lungs of the planet however, the majority of our oxygen is made via the algae in the sea. The oceans feeds, hydrates, and provides us with oxygen; ironically enough, despite its monetary value to mankind, it is what is treated the worst. For ages we have been dumping our trash, chemicals, and waste into the oceans with no fear or regret, almost an “out of sight- out of mind” mentality. People once and still assume that the oceans are so vast that all of the pollution is diluted and would be dispersed through out, going unnoticed. However, dilution is a myth and an idea that renders ocean dumping to be less impactful. Even so much of the man made pollution is becoming even more concentrated and have entered our natural food chain. However vast the waters of the ocean are, they are not meant to house all of these external factors. There are many alternatives to marine pollution including recycling, finding alternative trash dump sites, cutting down on harmful chemicals for agriculture, and most importantly having the ability to recognize when a problem is developing and counter act, immediately.
China has begun to have an economic downturn in recent years and by expanding their natural resources would be able to bring their economy back to where it was from 2000-2008. The sea has “oil reserves of 7 billion barrels and an estimated 900 trillion cubic feet of natural gas.”(Kaplan 3). Any country that gains access to that much oil and natural gas is bound to try anything to get it. Having control over the water will have an impact on the transportation of goods around the world. Rowan explains that “Over 90% of the world’s international trade occurs via commercial shipping and 45% of that tonnage makes its way through the virtually unregulated waters of the South China Sea.”(Rowan 415) If China becomes in control of the South China Sea it could have the power to cripple the world’s economy. Even though the resources that the sea possesses, the sole power of controlling an area of is not beneficial to all. The region has historically been fought over for centuries. Robert Kaplan tells us that “It is not only location and energy reserves that promise to give the South China Sea critical geostrategic importance, but also the coldblooded territorial disputes that have long surrounded these waters. The balance of power itself, even more than the democratic values of the West, is often the best safeguard of freedom.”(Kaplan 1) China’s interest in the region has been seen with much aggression from the expanding territorial lines to building military bases in the middle of the ocean. Rowan goes on to say that China’s interest in “controlling the South China Sea region is critical in solidifying Chinese influence in Southeast Asia as well as establishing an aerial and sea denial zone, in which an opposing force is denied the ability to use air or sea space for a given period of time, around mainland China.”(Rowan
It was Mihaljo Mesarovic, the author of “Mankind at the Turning Point”, who once said “The Earth has cancer and the cancer is man”. He was definitely onto something. In fact, humans have had a major negative impact on the world’s marine environment. Throughout recent human history, it has been obvious that the wellbeing of the marine environment has been in jeopardy. Pollution of the ocean, overfishing and the greenhouse gases these are all the aspects that can cause the destroying of the precious environments, such as reefs, sea-grass and coastal habitats. According to the essay and interview “Seafarming at the End of the World”, written by Peter Meehan, he presents the fact that human impact on the ocean is the main reason that causes the awful situation of marine ecosystem and organisms.
International trade has been in existence throughout history and has an economic impact on the participating countries. Trade in most countries has a share of the Gross Domestic Product (GDP) and helps to boost the
The alluring azure ocean, the brisk ocean waves, the lemon yellow sand all show a paradisiac view of the Tasman Sea in Australia. However looks are deceiving. Walking 20 feet from the shoreline, a nauseous view disrupts the majestic scene. I see a plethora of dirty Poland Spring water bottles on the shore. An ash colored seabird lies with a murky bag over its head, lifeless. The dead sea bird was doomed to die of human waste because plastic is being dumped in the oceans and slaying marine life.
Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across
People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.
First, the South China Sea constitutes the eastern approach to the Strait of Malacca, one of the “world's four most important strategic maritime passages,” and therefore contains the vital SLOCs between the Indian and Pacific Oceans.3 Figure 1. provides a visual representation of the SLOCs running through the South China Sea. “About 25% of the global shipping fleet transits through the region each year, underlining the importance of the South China Sea as an extension of the Malacca chokepoint.”4 That 25% traveling these SLOCs includes over half of the world’s shipping for oil and gas every year.5 Considering the volume of traffic passing through the South China Sea, a disruption of traffic along these SLOCs caused by a claims dispute or even armed conflict will rapidly generate negative global effects. Short of military action, challenges such as natural disasters6 or piracy require an international unified action (or at least, de-conflicted action) from multiple if not all South China Sea claimant nations.