Study Document
Globalization the Term Globalization Means a Process Essay
Pages:3 (927 words)
Sources:3
Subject:World Studies
Topic:Globalization
Document Type:Essay
Document:#50935707
Globalization
The term globalization means a process of increased interconnectedness among countries especially in terms of economy, politics as well as culture. The effect of globalization has been felt positively in all corners of the world this is due to the fact that it has been associated with most vital issues.
A section of economists analyze globalization as a fast train which a country needs to build a platform so that it gest on. The platform tends to be establishing a foundation to make sure that the country functions well. These can be property rights and rule of law, reliable infrastructure as well as education and health for the people. For this to be achieved international organizations such as non-governmental organizations, bilateral aid agencies and World Bank are working with the developing countries in establishing such foundations to assist them in preparing for global integration. If the government does not provide that foundation as well as basic services, there will no possibility of poor people taking advantage offered through globalization therefore they may be left behind.
Globalization has been associated with the most vital issues such as: Improved technology in transportation and telecommunications. It is due to globalization that there has been ever-increasing capacity for and efficiency of the way people and things communicate and move. Looking at the past years people across the globe were not able to communicate well and had difficulties in interaction. However, globalization has brought easy way of communicating and interaction, for instance, fax, phones, instant message or video conference call are easily used to connect people. Plane flights are also available which can be used to move within hours to any parts of the world.
Globalization has been associated with movement of people and capital. A wider increase in opportunity, transportation technology and awareness has given people a chance of moving allover the world searching for new jobs, homes or to flee areas of danger as noted by Bhagwati Jagdish (2004). Many cases of migration happen between developing countries because of their lower standards of living and due to their lower wages people are forced to look for places with greater opportunity for economic success. Moreover, capital can now be easily moved globally through the help of electronic transference and also through a rise in perceived investment opportunities. Investors find developing countries to be the popular places for investing their capitals since they have enormous room for growth.
Diffusion of knowledge is a vital issue associated with globalization. Knowledge has spread out or diffuses widely from their sources. For example, in any case a new invention or way of doing something has come up, this secret is not confined for a long time, and it is spread out to other places so that it is used. Some…
Sample Source(s) Used
Reference
Shah Anup. "Trade, Economy, & Related Issues." Global Issues. 12 Nov. 2011. <http://www.globalissues.org/issue/1/trade-economy-related-issues>. Viewed February 10, 2012.
Bhagwati Jagdish. "In Defense of Globalization." Oxford, New York: Oxford University Press, (2004). http://www.cfr.org/economics/defense-globalization/p6769. Viewed February 10, 2012.
Wolf Martin. "Why Globalization Works." New Haven: Yale University Press, (2004). ISBN 978-0300102529. http://simple.wikipedia.org/wiki/Globalization. Viewed February 10, 2012.
Related Documents
Study Document
Globalization Trends Globalization Means a
By 2050, it is projected that only India would be recording growth rates significantly above 3%. Incomes and Demographics By 2050, despite much faster growth, individuals in those countries are still predicted to be poorer than those persons living in any of the now G6 economies . Russia is the exception, essentially catching up with the poorer of the G6 in terms of income per capita by 2050. By 2030, China's
Study Document
Globalization's Effect on the US National Security
Globalization and National Security While the economic benefits of globalization have been frequently discussed, the very serious national security vulnerabilities which have arisen as a result of increase interconnections, both economically and socially, has garnered much less attention. The current literature on globalization either omits national security discussions entirely, or conducts them from a relatively myopic perspective The 2010 National Security Strategy attempts to rectify this, but its seems to have little effect
Study Document
Globalization and the Environment This
Of the top 150 medications that are sold by prescription in the U.S. 118 of these are medications that are either "derived from or modeled on naturally occurring substances." (SEAM Global, 2005) Some of the medications that count on habitat presently being destroyed are "aspirin, morphine, vincristine, taxol, digitalis, and most antibiotics."(SEAM Global, 2005) VI. Internet/Networking: Role Played in Preservation Through global and subglobal assessments of the ecosystem and monitoring of
Study Document
Globalization, Fostered by Free Flow of Information
Globalization, fostered by free flow of information and rapid progress in technology, is a driving force that no country can turn back. It does impose market discipline on the participants which can be harsh, but is the mechanism that drives progress and prosperity. Globalization emerged as a buzzword in the 1990s but the phenomena it refers to are not entirely new. As a ubiquitous term, what does "globalization" mean? Some
Study Document
Globalization to Enhance the Competitive
Others (such as most countries of the former Soviet Union) face long-term structural and institutional issues similar to those faced by developing countries (http://www.globalizzazione2000.it/developing_countries.htm,2004 para 3). In theory, globalization is supposed to be for the good of all. In reality, the developed countries on behalf of their companies and financial institutions designed this concept. Their main purpose is to overcome the regulations set up by developing countries to promote their
Study Document
Globalization There Is No Set
They might only be more efficient when externalities are not considered, but in the real world of globalization externalities are important. Understanding what to do about these problems and how to take advantage of the opportunities presented by globalization requires a strong understanding of what globalization is, and even that remains a point of some contention. Works Cited: Higgott, R. & Reich, S. (1998) Globalisation and sites of conflict: Towards definition