...08-11-2013 Formative essay 2. “With the increase in global interconnectedness, the scope of strategic policy choices available to individual governments and the effectiveness of many traditional policy instruments tend to decline”. Discuss. Throughout the last decades, the world has experienced a number of developments in for example the spatial, technological, economic, organizational and political areas (Scholte, 2005:91-101). These developments have given growth to an intense academic debate concerning whether or not contemporary society is being fundamentally restructured. The debate is dominated by different strands of scholars either believing in or rejecting this fundamental restructuring (Scholte, 2005:17-19). Central to the debate is states’ ability to decide for and implement policies independently. The object of this paper is to discuss if the scope and effectiveness of states’ strategic policy choices have declined due to the increase in global interconnectedness (Held and McGrew, 2003: 13). The discussion will focus on whether states different positions towards this issue. Also, the implications of economic interconnectedness on the welfare state will be considered. Bearing this in mind, the paper will begin by conceptualizing the term “state”. Also, an outline of the recent development leading to the so-called ‘globalization debate’ will be made in section II. This section will function as a preface to the discussion centered around the positions of sceptics and...
Words: 2266 - Pages: 10
...Globalization Over many centuries, human societies across the globe have established progressively closer contacts. Recently, the pace of global integration has dramatically increased. Unprecedented changes in communications, transportation, and computer technology have given the process new impetus and made the world more interdependent than ever. Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely. As a result, laws, economies, and social movements are forming at the international level. The globalized world sweeps away regulation and undermines local and national politics, just as the consolidation of the nation state swept away local economies, dialects, cultures and political forms. Globalization creates new markets and wealth, even as it causes widespread suffering, disorder, and unrest. It is both a source of repression and a catalyst for global movements of social justice and emancipation. The great financial crisis of 2008-09 has revealed the dangers of an unstable, deregulated, global economy but it has also given rise to important global initiatives for change. According to Wikipedia, globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. To put in simple terms...
Words: 864 - Pages: 4
...Globalization is not a single concept that can be defined and encompassed within a set time frame, nor is it a process that can be defined clearly with a beginning and an end. Furthermore, it cannot be expounded upon with certainty and be applicable to all people and in all situations. Globalization involves economic integration; the transfer of policies across borders; the transmission of knowledge; cultural stability; the reproduction, relations, and discourses of power. It is a global process. Globalization is the system of interaction among the countries of the world in order to develop the global economy. Globalization refers to the integration of economics and societies all over the world. Globalization involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure. By its nature, globalization spans a multitude of disciplines, communities, and cultures. This, of course, allows for a variety of viewpoints, be they economic, social, or political. An individual’s political ideology, geographic location, social status, cultural background, and ethnic and religious affiliation provide the background that determines how globalization is interpreted. The impact of globalization is vast. Broadly speaking, the process of globalization has two aspects. The first refers to those factors - such as trade, investment, technology, cross-border production systems, flows of information and communication...
Words: 648 - Pages: 3
...Globalization ,Education and Japan Ikuo ISOZAKI(Dr. & Prof.) Chiba University,JAPAN Introduction The word “globalization” is the buzzword of the moment. Similar to the word “democracy”, it could be one of those words that become more ambiguous in meaning as they are more widely used. Globalization, however, is not too difficult a word to understand when we interpret it as a phenomenon where goods, people, information and services are now more easily coming together over national boundaries. Behind globalization, no doubt, is rapid technological innovation. The idea is that globalization is dramatically making our globe smaller, our spectrum wider and our various networks larger. Some people argue that there are downfalls however, including flooding information and heightening psychological insecurity from various types of inequality. We are required to face globalization while fully understanding the positives and negatives of globalization. Globalization is likely impacting not only on how economies work, but also on what a state actually is. For example, some experts maintain that the function of a state is diminished by globalization and forced to focus efforts on localization and regionalization. I would like to examine from various aspects how globalization influences states,and public policies, especially on the educational policy by taking Japan as an example...
Words: 4654 - Pages: 19
...DEMOCRATIZING GLOBALIZATION ZURIN MOHAMAD NOR University of Technology Mara, Institute of Graduate Studies, Kota Bharu, Kelantan, Malaysia mnzurin3003@gmail.com Abstract Decision making in a country represents an involuntary constraint on the sovereignty of the country in the process of globalization. The democracy system of the country may appear to be negative effects to the sovereign will of the people. The weaknesses of the democratic institutions and dependent economies on external sources will be suffering and vulnerable to the pressures of globalization. The strength of their democratic institutions, capacity to structurally diversify their economies and knowledge advances of their people itself toward development of their country can coping this democratizing issue in globalization. Keywords : Involuntary, globalization, democratizing 1.0 Introduction Globalization has been given many meanings in different contexts. One frequently encountered meaning is that globalization is the homogenization of peoples’ tastes and demand patterns around the world due to increased access to international communication of information about products and services as well as increased access to transportation of products and people across the borders (Carol Hammond and Robert Grosse). Globalization means that events in one part of the world have ripple effects elsewhere, as ideas and knowledge, goods and services and capital and people move more easily across border. Communication...
Words: 3558 - Pages: 15
...economy. As a result, there’s no improvement in the level of poverty. In the 90s, came the era of globalization which connotes external opening and increased role of markets domestically (i.e. the market economy). To the developing world, market economy is a modern way of turning the economy around. The essence of globalization is to move the economy towards external liberation, focusing on market oriented economic system, export-led strategy and stabilization of the economy. In Nigeria, it was the era of structural adjustment programme in collaboration with the IMF and World Bank. The governments in the developing world, believes that it is more desirable to globalize which simply means to open up the economy and penetrate international markets. In time past, the world economy has undergone a fundamental shift towards an integrated and coordinated global division of labour in production and trade. In the 1950s and 1960s, productions were within national boundaries. The increase of oil prices in the late 1970s and the contractionary monetary policies of the United States during 1979 and 1982 period led to the increased interest rates and consequently indebted developing countries found they unable to service their debts. Continual refinancing was the only way to avoid default. By the end of the mid 1980s, there were both internal and external balances. Globalization is a term that is frequently used but seldom defined. It refers to the increase in the share of economic...
Words: 10565 - Pages: 43
...Reactions to Globalization Xuewu Gu The accession of China to the World Trade Organization (WTO) in November 2001 marked one of the most important steps of the Chinese government towards deepening the integration of the Chinese economy into the world economy and therewith going more deeply into the globalization. This development, however, does not mean that the issue of globalization is not controversial in China. Indeed, the fifteen years since 1986 in which China actually underwent a tremendous negotiation process with the WTO, as well as with its members, have been accompanied by an intense domestic debate about the sense and the meaning of globalization. Even through today, the Chinese membership in the WTO is certainly not inevitable; the globalization debate in China continues, reflecting the fact that the Chinese feel strongly challenged by globalization and are trying to search for ways to deal effectively with it. This paper regards it as its main task to examine systematically the Chinese reactions to globalization. To achieve this goal, the analysis will focus on three questions. Firstly, it will find out the general understanding of globalization by the Chinese elite. The term “general understanding” means in this sense the understanding which most Chinese scholars and politicians seem to share regardless of whether he or she is “pro-globalization” or “anti-globalization”. Secondly, it will try to identify the main strains of the Chinese debate on globalization. In doing...
Words: 3900 - Pages: 16
...Globalization and its impact on Indian Economy: Developments and Challenges Globalization (or globalization) describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Globalization as a spatial integration in the sphere of social relations when he said “Globalization can be defined as the intensification of worldwide social relations which link distant locations in such a way that local happenings are shaped by events occurring many miles away and vice – versa.” Globalization generally means integrating economy of our nation with the world economy. The economic changes initiated have had a dramatic effect on the overall growth of the economy. It also heralded the integration of the Indian economy into the global economy. The Indian economy was in major crisis in 1991 when foreign currency reserves went down to $1 billion. Globalization had its impact on various sectors including Agricultural, Industrial, Financial, Health sector and many others. It was only after the LPG policy i.e. Liberalization, Privatization and Globalization launched by the then Finance Minister Man Mohan Singh that India saw its development in various sectors...
Words: 1929 - Pages: 8
...The Effects of Globalization and Neoliberalism on African Societies Globalization and neoliberalism are concepts that can be applied to the analysis of any aspect of modern day society. Social life in a particular area is filled with the constant spread of ideas, practices and beliefs due largely to globalization. This paper will provide an in depth view on the effects Globalization and neoliberalism has had on culture and development in African societies. Within Africa lies various intricate backgrounds from its colonialism roots to the shift towards globalization in the effort to promote development. Exposing the dynamics of globalization as well as its impact on African societies will lead to a better understanding of the relationship between Africa and the international community. Globalization, as defined by Held et al. , sees the issue “as a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions--assessed in terms of their extensity, intensity, velocity and impact--generating transcontinental or interregional flows and networks of activity, interaction and the exercise of power.” (Held et al. 2004: 68), It involves the increased interaction between nations and the exchange of ideas, practices, relations and organization. (Ritzer 2008:574). One must be aware that the theory of globalization can be expressed through economic terms as well as sociologically. The...
Words: 2603 - Pages: 11
...and analyze how globalization and other factors have had an impact on them from a social, political, and economic perspective. During the late part of the 20th century, the International Monetary Fund and other organizations collaborated with countries that were struggling economically and offered financial assistance and the creation and implementation of policies. Globalization has had a significant impact on countries around the world; both positive and negative outcomes have resulted from various factors pertaining to globalization. Revolutions such as the Arab Spring uprisings have been influenced by aspects of globalization, such as the changing political sphere and the unstable economic market. Furthermore, the revolutions are more successful in contemporary times as opposed to fifty or one hundred years ago because globalization has provided the world with many comforts, such as the convenience individuals possess in the usage of technology—namely social networking websites. Therefore, it is important to analyze and examine the social, political, and economic changes that have been brought about by globalization, the changing global-politics, as well as social and economic issues that may have caused by or formed after military conflict. India and Vietnam are two countries that are quite similar in terms of GPD per capita rates, life expectancy, and other factors and are a perfect set of nations to examine and analyze in terms of the impact globalization has had on them...
Words: 5002 - Pages: 21
...Drake Gutierrez 04/04/2012 Professor Hallsted English 1A A Global Market: Corporation Domination Globalization will indubitably strain the process of development of third world countries and would in fact deteriorate already developed countries. With the implementation of fair trade policies and the straining policies that the WTO (World Trade Organization) initiates, globalization will become a threat to the current status of power around the world. Globalization is the process by which regional economies, societies, and cultures have become integrated through a global network of politics through communication, transportation, and trade. Globalization will create a one world economy, where big global corporations make a fortune exploiting slave labor on the other side of the world. With the treat of these global corporations taking control of the world economy because of fair trade policies, Naomi Klein’s argument about disaster capitalism that is discussed in her book The Shock Doctrine, can be directly related. Globalization helps develop third world countries in response to the outsourcing of jobs that multinational corporations carry out. As more capital is poured in to developing countries, those countries will acquire economic stability and increase their standard of living. In return the economy that those individuals belong to will also begin to grow. As stated in Forbes Magazine, “Per-person income in China has climbed from $16 a year in 1978 to $2,000 now...
Words: 1225 - Pages: 5
...CHALLENGES OF GLOBALIZATION: HOW BANGLADESH CAN REAP ADAPT ITSELF TO REAP THE BEST BENEFITS IN THE 21ST CENTURY Lt Colonel Sharif Md Abul Hussain Dir Planning and Development, Bangladesh University of Professionals, E-mail: hussain2682@gmail.com ABSTRACT The study investigates specific information regarding the challenges of globalization faced by Bangladesh and how it should prepare itself to coup with the challenges. The result suggest that Bangladesh is not in comfort in coping with the winds of globalization, as it has less access to and use of different opportunities living at the margin in the hierarchies of global order with low technological base, poor infrastructures and governance in most arenas. The study also suggest that Bangladesh needs to be engaged with all its development partners in a healthy and constructive process of interaction on stabilization, reform programme and other critical issues like national capacity building, competitiveness, political stability, cross border terrorism, arms and drug trafficking, climate change and environmental degradation. The policy implication is that various economic policy orientation and utilization of resources should be as such that they can supplement economic growth in a sustainable manner and create avenues for employment. KEY WORDS: Benefit, Environment, Globalization, Governance, Infrastructure, Poverty, Population, Policy, Political stability, Resource 1.0 INTRODUCTION Globalization is a process of expanding trade...
Words: 6281 - Pages: 26
...PART-1 1. Concept of globalization: Globalization means the coming together of different societies and economies via cross border flow of ideas, finances, capital, information, technologies, goods and services. The cross border assimilation can be social, economic, cultural, or political. But most of the people fear cultural and social assimilation as they believe this would have a negative impact on the existing culture of their society. Globalization therefore has mostly narrowed down to economic integration and this mainly happens through three channels; flow of finance, trade of goods and services and capital movement. Globalization is a term that includes a wide range of social and economic variations. It encompasses topics like the cultural changes, economics, finance trends, and global market expansion. There are positive and negative effects of globalization - it all comes as a package. Globalization helps in creating new markets and wealth, at the same time it is responsible for extensive suffering, disorder, and unrest. The great financial crisis that just happened is the biggest example of how negative globalization can turn. It clearly reveals the dangers of an unstable, deregulated, global economy. At the same time, this gave rise to important global initiatives, striving towards betterment. Globalization is a factor responsible for both repression and the social boom. What happens when there is a growing integration of economies across the globe? Majorly...
Words: 13616 - Pages: 55
...Introduction Globalization is a very integrated and comprehensive topic that is in constant evolution. Scholars have stepped in to conduct studies and researches in relation to globalization so to shed light essential in comprehension. The impact of globalization is a motion that is endless. The supporters argue that globalization has brought economic prosperity in the world in many ways while opponents associate most of the adverse effects with globalization. This paper will outline the impact of globalization in the context with the international business. The information will be useful as it will highlight the issues that are closely related to globalization and identify the existing gaps. A valid conclusion will be drawn with the recommendation that should be considered in future researches as far as international business is concerned. Technology and policies will be referenced in the explanation of how financial flows, foreign direct investment and the international trade liberalization have evolved. The discussion will therefore be based on how the changes that have been brought by globalization have influenced international business in various ways. Trade The world trade is on rapid expansion when compared to the gross domestic product. This has been manifested over the past two decades when the globalization was rampant. However while the impact of globalization was meant to bring more economic prosperity by increasing the competition of the products in the global...
Words: 2661 - Pages: 11
...introduction encompasses the meaning of Regional Integration and Globalization, the second part trying to examine the notion whether regional integration and globalization compliment or contradict each other and the last part provides general view on the notion. Regional Integrations refers to the process where by political actors in several distinct National settings are persuaded to shift their loyalties, expectations and political activities towards a new Centre, whose institutions possess or demands jurisdiction over pre-existing national state (Haas 1968:16). Under these perspective integrations involves the process through state surrender sovereignty freely to the new political entity purposely to cooperate in achieving political, social and economic goals. As Linderberg 1971:46 proclaimed that regional integrations does not emphasize only in the political dimension but also take place in the field of economics, security and environment. There are five stages which are necessary for any regional integration to pass through these are; Free trade areas, custom unions, Common Market , Common Currency and Political Union. The few examples of regional integration in Africa and Europe are as follows Southern Africa Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA), Economic Community of Western Africa States (ECOWAS) , European Union (EU), North Atlantic Free Trade Area(NAFTA). Globalization, refers to the process in which the production and financial...
Words: 1763 - Pages: 8