• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Discuss Globalization.

Extracts from this document...

Introduction

Globalization Globalization has become one of the principal symbols of economic, cultural and political life in the 21st century. Although there is no precise definition of globalization, due to the complexity of the term and the varying attitudes towards it, put simply it is the process by which nationality is becoming all the time more irrelevant. However, it is obviously more complicated an issue than that, it has also being defined as 'a set of processes which represents a change in the spatial organization of social relations and transactions, expressed in transcontinental or interregional flows and networks of activity'. (Held & McGrew 00:55) Others define it as 'the widening, intensifying, speeding up, and growing impact of world-wide interconnectedness.' (www.polity.co.uk) In layman's terms, globalization is basically the means by which people around the globe are now more connected to each other than ever before. Information and money flow more swiftly than ever and goods and services produced in one part of the globe are progressively more obtainable worldwide. International travel is also more frequent and international communication is routine. While there can be no uncertainty about many of the modern day phenomenon's being recent developments, such as the internet for example, globalization it is argued, has been an ongoing process for some time. Perhaps the first sign of globalization occurred centuries if not millennia ago, at which time spices were been imported into Europe and Egypt from Asia. ...read more.

Middle

(www.freetrade.org/issues) For less developed countries, globalization offers access to foreign capital, global export markets, and advanced technology while breaking the monopoly of inefficient domestic producers. Faster growth, in turn, promotes poverty reduction, democratisation, and higher environmental standards. While globalization may confront government officials with more difficult choices, it raises the productivity and living standards of people in countries that open themselves to the global marketplace. The result for their citizens is greater individual freedom. Globalization has been coupled with reductions in pollution levels. The theory is simple; market competition imposes a never-ending drive for efficiency and innovation. Since pollution results from the waste of a resource input, rising industrial competency results in lowered pollution. Economic expansion has also generated the required prosperity to invest in pollution control. A study in America showed that between 1970 and 1997, total air pollution actually decreased by about 31 percent. (www.cascadepolicy.org) Globalization offers numerous advantages, but we need a more careful consideration of the relative advantages of markets and states if we are to realize them. (www.humanities. mcmaster.ca) The Negative Impacts of Globalization In contrast to the above arguments in favour of globalization, there are opponents who insist that globalization is indeed a negative development for humanity. They regard it with hostility, believing that it increases inequality within and between nations. (www.imf.org) Globalization sceptics offer their own definition of globalization; they perceive it to be 'the rapid expansion of coordinated trade and economic development around the world, without the same incorporation of human rights and labour standards.' ...read more.

Conclusion

Her point is a valid one because although the internet has made it easier for people to publicly display feelings of hatred and racism, freedom of expression is a basic human right and cannot be revoked. Conclusion In concluding this debate on globalization, it is important to note that it has a dual nature. Globalization bodes both good and ill for mankind. It's significantly altering the traditional Westphalian state system, upon which the fundamental principles of global politics have been based since its inception in 1648. Globalization challenges the viability of such a non-transnational system in this age of information, leading to criticisms that it's somewhat of an outdated entity. However, the role of the Nation-State should not be undermined. Despite this concern, the opportunities of globalization represent great power, along with great promise. The march of globalization continues, and with each step it takes, socio-economic and political changes and tensions are unearthed. The task ahead is not to try and reverse globalization, which would be a futile effort in any case, but instead to harness its positive potential while managing its adverse effects. So it's now up to mankind to determine whether or not the power will be cleverly used, and the promise fulfilled. The bottom line is that to argue the inherent merits and dangers of globalization may obscure the fact that globalization is here to stay whether we like it or not. ?? ?? ?? ?? 11/10 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Marked by a teacher

    Is Increased globalization a good thing?

    5 star(s)

    Direct investment is highly concentrated amongst the countries of the developed world. Trade, investment and financial flows are concentrated in and between three blocks - Europe, North America and Japan. This group of three blocks could in fact act almost cartel-like and regulate global economic markets and forces by themselves.

  2. Why has GDP growth been so slow in Somalia?

    Poverty, lack of employment, environmental hardship, pitifully low incomes, drought and political situation all contribute to the rise and continuance of piracy in Somalia. The pirates also firmly believe that they have every right and entitlement to attack illegal fishing vessels operating in their territorial waters as their fishing resources

  1. Where does the World Trade Organisation fit in the overall scheme of international public ...

    First, the key to moving ahead in WTO negotiations is the close involvement of ministers and senior officials in national capitals. Their attention has waned in 2002 as the post-September 11th crisis abated, leaving the business of the new round in the hands of Geneva negotiators.

  2. Is globalization a new phenomenon in world politics?

    The similarities of the problems of globalization can be seen here too as more recently the discontent lies with multi-national corporations(MNC) gaining a profit of exploiting the cheaper labour pool of the third world.2 One early example that backs up this view of globalization is from 1912, when general electric

  1. Islamic terrorism is a serious problem for the United States because of the threat ...

    as Yemen, in Saudi Arabia with a false passport, even captured by the Afghanistan government. Bin Laden issued three Fatwas calling for a Holy War against U.S. Forces in April 1996, February 1997, and February 1998. He is currently suspected in acts including the World Trade Center bombing, a Saudi Arabian National Guard base in Riyadh, Saudi Arabia, and U.S.

  2. Globalisation of GAP

    If the licensee does something to harm your reputation it could reduce sales. Finally the profits from the new market go directly to the licensee. The business only receives a lump sum for selling the license. This could prove disastrous if the market does very well and profits are alot higher than expected.

  1. Discuss Globalization.

    In theory if the barriers to free trade are removed and the world moves towards becoming a global economy there should be many benefits. One of the first ways these would occur would be from the increased competition between firms.

  2. The positive and negative effects of Globalization

    From an economic point of view Globalization can be seen as "a primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows." (Globalization guide) Improvements in transportation and communication have encouraged large cooperation's to move outside of their regulatory national boundaries and into other areas worldwide.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work