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

What does globalisation mean to you? State why you agree or disagree with it

Extracts from this document...

Introduction

Assignment 9 Subject: What does globalisation mean to you? State why you agree or disagree with it In the 1990's, the entire world went into a Globalization frenzy when The World Trade Organization entered the global market as a modified version of the General Agreement on Tariffs & Trade, GATT 1947, which is a: Set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the signing nations. Originally signed by 23 countries at Geneva in 1947, GATT became the most effective instrument in the massive expansion of world trade in the later 20th century. By 1995, when GATT was replaced by the World Trade Organization (WTO), 125 nations had signed its agreements, which governed 90% of world trade. GATT's most important principle was trade without discrimination, in which member nations opened their markets equally to one another. Once a country and its largest trading partners agreed to reduce a tariff, that tariff cut was automatically extended to all GATT members. GATT also established uniform customs regulations and sought to eliminate import quotas. ...read more.

Middle

Lo! We have created you male and female, and have made you nations and tribes that ye may know one another. Lo! The noblest of you, in the sight of Allah, is the best in conduct. Lo! Allah is Knower, Aware. (4) Now think about the meaning behind it. God has said that He has created mankind in basic form as pairs of different sexes to populate the earth and create continuity. He goes on to describe the logical development of events "and made you nations and tribes" which is a valid outcome to development and growth. The reasoning behind that is "that ye may know one another." This is the very first introduction to globalization mankind has encountered. Therefore the idea of Globalization is at the heart of human development and progress, so that cultures should meet, exchange ideas and ideologies and learn to live with one another harmoniously. Yet, what is the meaning of the rest of the verse? "Lo! The noblest of you, in the sight of Allah, is the best in conduct." ...read more.

Conclusion

Karl Kraus, an Austrian satirist, who lived and died before the time of GATT 1947, has written a very enlighten quote on Progress which is also appropriate for Globalization in its current form: Progress celebrates victories over nature. Progress makes purses out of human skin. When people were travelling in mail coaches, the world got ahead better than it does now that salesmen fly through the air. What good is speed if the brain has oozed out on the way? How will the heirs of this age be taught the most basic motions that are necessary to activate the most complicated machines? Nature can rely on progress; it will avenge it for the outrage it has perpetrated on it. Progress, under whose feet the grass mourns and the forest turns into paper from which newspaper plants grow, has subordinated the purpose of life to the means of subsistence and turned us into the nuts and bolts for our tools. (6) Resources: (1) Encyclopaedia Britannica http://www.britannica.com/ebc/article?tocId=9365377&query=GATT&ct= (2) Globalization.com - Introduction to Globalization http://www.globalization.com/intro.cfm (3) Merriam-Webster Online http://www.m-w.com/cgi-bin/dictionary?book=Dictionary&va=globalization (4) Qur'an Chapter 49: Al-Hujraat (The Private Apartments, The Inner Chambers) http://www.usc.edu/dept/MSA/quran/049.qmt.html (5) Is the World Trade Organizationa a blessing or a curse? http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/1999/11/29/ED68118.DTL (6) Literary Encyclopaedia: Kraus, Karl http://www.litencyc.com/php/speople.php?rec=true&UID=5411 Maryam Al Serkal (970002895) Maryam Al Serkal (970002895) ...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. Discuss Globalization.

    A major concern of anti-globalists relates to the safety of our environment. Detrimental environmental effects such as global warming, pollution and the danger of nuclear war being the principal concerns. All of these are linked to globalization. The terrifying consequences of any of these elements value no national boundaries.

  2. 'Anarchy is what states make of it' (A Wendt) Do you agree?

    This treaty ended the Thirty Years War in Europe and established national self-determination as the main principle for the formation of a recognized state. That is, states were recognized as political units associated with a population that had to have a common cultural, language, religious, or historic heritage.

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

    How can this be avoided? How to deliver Scenario One politically? That, more than anything, is the fundamental question facing the WTO. The new round: specific issues Let us move now from the broad picture to the individual elements of the new round.

  2. Discuss Globalization.

    This change in where goods are being produced has been very prominent in the textiles industries, where big multi-national companies such as Nike are shifting much of their production to the Far East Countries like Thailand and Cambodia, where the costs of production are much lower.

  1. To what extent has globalisation created a 'borderless world'?

    Subsequent to the attacks on September 11, economists argue that the forces of globalisation, which once seemed unstoppable, are facing new resistance. Fears over security might raise the costs of international trade and persuade more businesses to 'stay at home'.

  2. "What do sociologists mean by the term 'Globalisation' and how have they tried to ...

    It can be argued that globalisation creates an environment which consists of greed, class interest and profit-making. This is the view that James Petras and Henry Veltmeyer hold in their book "Gobalisation unmasked" 2001 (web link- http://www.spectrezine.org/reviews/Petras.htm). Sociologists argue that globalisation as a theory offers a rationale for the greater access of national economies by transnational corporations.

  1. Write a written report on Globalisation

    advantages in production has encouraged many countries to adjust their tax systems to attract foreign direct investment. Less protectionism - old forms of non-tariff protection such as import licencing and foreign exchange controls have gradually been dismantled. Borders have opened and average tariff levels have fallen.

  2. The Economy Of Estonia - Features,Current State and Exports

    GDP In 2000?2008, Estonia?s economy saw an average growth of 7% per year, which placed Estonia among the three countries in the EU with the fastest growing real GDP. During that period, Estonia took a big jump in the improvement of living standards, increasing its GDP per capita from 45% of the EU27 average in 2000 to 67% in 2008.

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