Study Document
Pages:2 (454 words)
Sources:2
Subject:World Studies
Topic:Globalization
Document Type:Essay
Document:#34121474
Globalization
What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?
Globalization is the continual integration of economic, political and sociocultural systems to enable a more efficient and economical level of trade across international boundaries. The pace of globalization itself is accelerating as a result of increased cost and time pressures to continually improve time-to-market and quality levels throughout a myriad of different industries (Ozlen, 2012). The continual evolution of globalization includes progression from mercantilism to free trade, global oligopolies and the inclusion of comparative advantage (Osland, 2003). Each of these theories supports a different aspect of globalization and illustrates how different theorists regard the trajectory of growth that will occur in the next five to ten years (Ozlen, 2012)
List the major drivers of globalization and provide three examples of each.
The four strategic drivers of globalization include cost drivers, competitive drivers, government drivers and market drivers (Osland, 2003). Three examples of the cost drivers include lower costs of labor, more efficacies from greater collaboration within global supply chains, and price stability based on more reliable global supply chains. Three examples of the competitive drivers include the greater emphasis globalization forces companies to put on customers, greater global competition on the quality dimension, and faster time-to-market as competitors vie for greater sales overall in more rapidly-expanding markets.…
References
Osland, J.S. (2003). Broadening the debate the pros and cons of globalization. Journal of Management Inquiry, 12(2), 137-137.
Ozlen Hic Birol. (2012). Globalization in historical perspective. International Journal of Business and Social Science, 3(8), n/a.
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Globalization arguably began even before Marco Polo’s expeditions, possibly being traceable to Alexander the Great’s establishment of overland routes between Eastern Europe and India. The assumption that globalization equals Americanization is profoundly arrogant, and is also ignorant of the history, meaning, and implications of globalization. Globalization implies integration and interdependence of the world. Predating the United States of America, globalization nevertheless reached a peak in the 20th century, when a
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That said, Goodhart believes that global governance, if pushed too far into sovereign nations' doings, can in fact undermine popular sovereignty as "a viable conception of democracy" but it is not doing that and in fact, in a globalized world that is increasingly interdependence needs a new kind of democracy. The new sovereigntists' views are normative while Goodhart's are more along the lines o positivism. Basically, Goodhart argues that
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Globalization has become a ubiquitously word in the last few decades. Much of the globalization trend is driven by the fact that many organizations operate internationally and supply chains have become sophisticated, complex, and spans the entire globe. As a result of globalization, many organizations have tried to proactively create a level of homogenization and standardization internationally of markets, resources, and labor. When international companies can have access to foreign
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Globalization's Effect on the United States' National Security Objective of this paper is to explore the impact of globalization on the United States national security. The study defines globalization as the increasing global relations of people, corporate organization and government. There is no doubt that the globalization provides numerous benefits to the American economy. Despite the benefits derived from the globalization, the advent of globalization also provides some threats to the United
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The global "mindset" that companies must have is defined as "…the ability to develop and interpret criteria for business performance" that are not relying on the "assumptions of a single country, culture or context to implement those criteria appropriately…" (Begley, et al., 2003). Begley and colleagues insist that the "truly globalized corporation" sees globalization as more of a "mind-set" than a "structure" per se (p. 1). The three mind-sets that
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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