Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Essay:
globalization and its effects in different countries. We do this by considering the potential costs of the globalization process and the analysis of the major issues involved. We then present an analysis of how globalization has impacted the telecommunication industry.
Globalization is a term that holds different meanings to different people according to the context. Beerkens (2004, p2) defines globalization as a global interconnectedness between states that is supplemented through processes of social arrangements such as culture and ideology and then become disembedded from the existing spatial context as a result of the acceleration, flexibilisation, massification, expansion and diffusion of flow of persons, products, information, images and finance across nations. In economic terms, it can be used to refer to interdependent world economies (Pearson Education, 2010).
The cost of Globalization and the analysis of the major issues involved.
Globalization, though inevitable, is surrounded by various issues that are less likely to face away in the near future. The main ones are the creation of global economic inequality. This is attributed to the fact that globalization causes poverty and prosperity at the same time. This means that some gain while others lose (in relative terms) as a result of globalization. International corporations from rich nations exploit workers from poor nations as a result of globalization. This view is perhaps backed by the scholarly consensus that the level of global wealth and income disparities had risen in the period lying between 1970 and 1990 (Hicks, 2007). Recent data from economists does however suggest that globalization has tended to create a world that is more equal. The debate however still rages on (Birdsall, 2005 and Milanovic, 2007). The costs and potential problems of globalization have been viewed by various critics as a source of perils. This is because the costs could possibly lead to conflicts of various types and at various levels of governance and operations. These levels could be regional, national and international as pointed out by Intriligator (2003). One of the main sources of costs of globalization is the decision of who gains from the potential benefits of the process. This is compounded by the fact there are credible equity problems when it comes to the distribution of the gains from the process of globalization. This concerns the distribution of the gains amongst individuals, corporations, nations and even regions. There is substantive proof that most of the gains have been directed to the richer individuals and nations thereby leading to the creation of great inequalities and thus evolving into conflicts at different levels (Intriligator, 2003).It has indeed been suggested by some scholars that there should be a convergence of incomes on a global scale on the basis of the observation that the poor nations have a faster rate of growth as compared to the rich ones. The reality however is that the only poor nations that have been experiencing this exponential growth are the "tiger economies" of East Asia while the other least developed ones such as Asia, Africa, central and South America have a rate of growth which is slower than the rich nations'. The result is the marginalization of the poor nations. The outcome has therefore been a divergence or rather the polarization of incomes on a global scale with the rapidly growing nation-state economies catching up with the rich ones while the poor nations stagnating further behind. The increasing disparity has lead to disaffection and international conflicts.
The second cost of globalization is the potential of regional and worldwide instabilities that results from the interdependencies of the various global economies (Intriligator, 2003). This is as a result of the fact that local fluctuations in the economy of a given nation could result in regional or global impacts. Intriligator (2003) points out the fact that this is not a mere theoretical possibility as was observed in the Asian exchange rate and financial crisis that began in Thailand in 1997 and quickly spread to the Southern Asian economies. There was however a delay of its effects in Russia. A global recession or depression cold result to the need of breaking the interdependencies that are as a result of globalization as witnessed during the Great depression of the 1930s. The outcome of which was competitive devaluations escalating tariffs, beggar-my-neighbor policies as well as other forms of protectionism. The consequence of these is economic…[continue]
Globalisation and Its Effects Defining Globalisation What differentiates the depth and pervasiveness of globalisation in this century compared to previous is the acceleration of cultural issues driven by rapidly changing technologies that impact international trade agreements (Vitell, Nwachukwu, Barnes, 1993). Time is literally compressed to a level never before seen before in globalisation of previous centuries, with drastic impacts on international trade and corresponding management practices. Trade is now much more transactionally-driven
In essence this model of knowledge sharing creates an egalitarian benefits model where each side of the information transaction benefits. Conclusion Anti-globalization advocates argue that this approach to creating business value chains and relationships reduces economic growth to transactions where the 3rd world nations often receive little if any value for their efforts. Exacerbating this is the fact that transactions are king, relationships are not valued and trust suffers. What needs
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
In order to achieve operational efficiency, use can be made of modern automated technology which globalization has readily made available via international trade. Schumacher has further presented his view that the current production managers have become more focused towards the efficiency factor of the production processes. These managers set their targets based on producing goods in such a way, that the cost of the process decreases to a minimum while
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
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
Globalization of the Fashion Industry Not so long ago, globalization was an only theoretical term businesses used as a "what if" situation. Today, globalization is a reality. Through lowered trade restrictions and increased international cooperation, countries are increasingly affecting one another both culturally and economically. Fashion is one of the largest sectors that has both facilitated globalization and has benefited from this phenomenon. Increases in mass media communication, has meant fashion
"Globalization And Its Effects In Different Countries " (2011, January 06) Retrieved October 21, 2016, from http://www.paperdue.com/essay/globalization-and-its-effects-in-different-49397
"Globalization And Its Effects In Different Countries " 06 January 2011. Web.21 October. 2016. <http://www.paperdue.com/essay/globalization-and-its-effects-in-different-49397>
"Globalization And Its Effects In Different Countries ", 06 January 2011, Accessed.21 October. 2016, http://www.paperdue.com/essay/globalization-and-its-effects-in-different-49397