Culturally, the legacy of globalization is more mixed. On one hand, connections online and through mass communication have opened up channels of tolerance and peace. To envision a change of government or way of life requires being exposed to new ideas, and globalization has opened many nation's eyes upon the benefits of freedom and choice, and provided a counterpoint to the state media of dictatorial regimes. But there is also the argument that globalization can dilute national cultures and homogenize them, as more and more people imitate others rather than celebrate their indigenous traditions. Furthermore, the West has exported beauty standards of physical perfection through movies,
... Nations such as China and India have gained economic and some political freedom, but at the expense of environmental destruction. Theoretically as income levels rise, so do stringent environmental regulations, but reports of widespread contamination in both the natural world and in products from recently industrialized, developing nations seem to argue against this notion (Hill 2009, p. 31-32). All nations will see the detrimental effects of global warming in the future, which is the legacy of the new global industrial order. Still, the excitement of having new products and learning about new cultures cannot be dismissed, nor can the benefits of being able to talk with people one-on-one across borders.
Finfacts.com/brands.htm Levitt, T. Globalization of markets, Harvard Business Review Ritzer, G. 2004, the Globalization of Nothing, Pine Forge Press, California. Arnoldy, B. Australia at the crossroads of globalization http://www.csmonitor.com/2006/0307/p01s03-wogi.html James, P. Australian Social Attitudes Australian Humanities Review 2006 avaliable online: http://www.lib.latrobe.edu.au/AHR/archive/Issue-April-2006/james.html Arnoldy, B. Australia at the crossroads of globalization the Christian Science Monitor http://www.csmonitor.com/2006/0307/p01s03-wogi.html Garrett G., Globalization's Missing Middle Foreign Affairs 2004 http://www.foreignaffairs.org/20041101faessay83608/geoffrey-garrett/globalization-s-missing-middle.html Sauer-Thompson, G. Globalization and Australia's future: a big worry http://www.sauer-thompson.com/archives/philosophy/002932.html The Economist Intelligence Unit Sauer-Thompson, G.
Many manufacturing workers in developed countries are losing work to foreign manufacturers who will work for substantially less pay. As companies take advantage of the significant savings that result by shipping jobs overseas, manufacturing workers in developed countries are frequently forced to take jobs paying significantly less in their own country. One of the greatest impacts on the global economy is the world's growing thirst for crude oil. The engine
Globalization The medieval travelogues of Marco Polo and Ibn Battuta show how the world is viewed from the lens of our own culture. Polo, the Venetian trader, emphasizes trade in his descriptions of the place he visits while Battuta, the Islamic judge, emphasizes morality in his descriptions of the same places. This framing is not a fault of either writer, but rather it can lend perspective to our own view of
The policy reform that are put in place are deigned in such a way that they increase the economy's growth as well as the stability are likely to bring an influence to the speed of integration in a country directly and through how they impact growth (Mrak,2004). We can not deny that globalization has some benefits to the world but it is also important to take not of some of
Bhagwati says, "But today's most dramatic change is in the degree to which governments have intervened to reduce obstacles to the flow of trade and investments worldwide (p. 11)." He emphasizes to make this next point, which is: But this fact forces upon our attention a disturbing observation: governments that can accelerate globalization can also reverse it. Herein lies a vulnerability that cannot be dismissed complacently. The earlier globalization, in
Globalization theory: Three authors, three very different views of the effects of globalization Although there is widespread agreement that the world has become 'globalized' in a fashion that is unique and distinct from past eras, the precise meaning of what it means to be 'global' and if this is positive or negative is highly controversial. According to Noble Prize winner Joseph Stiglitz in his book Making Globalization Work, globalization has had