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The effects of globalization on society
The effects of globalization on society
The effects of globalization on society
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The phrase: "the world is flat" can be interpreted in many ways. Basically what Friedman means by "flat" is "linked." The falling of trade and political barriers and technical advances have made it possible to do business, instantaneously with billions of other people around the world. It has allowed for parts of the world, which had previously been cut off, like China and India, to successfully compete in the world market. Thus, the playing field is being leveled, and no one nation has an advantage. Friedman could also refer to a "flat world" in a metaphorical sense. In a spherical earth you cannot see around the world and cannot recognize the opportunities far from where you live. If the world were flat you could see it all. There would be no barriers to get in your way. This is the equivalent to a smaller globe which allows one to reach far away opportunities. The three Globalizations contrast in many ways. Globalization 1.0, lasting from 1492 to about 1800, was about countries and muscles. Its force driving the process of global flattening was the amount of "muscle" your country had. The key agent of change in Globalization 2.0, which lasted from 1800 to 2000, was the power of multinational companies, which went global for markets and labor. Globalization 3.0, beginning in 2000 flattened the playing field even more. The dynamic force was the power by which individuals could collaborate and compete globally. They could do so digitally with the convergence of the personal computer with fiber-optic cable. Globalization 3.0 differs from the previous two not only in how the world is flattening, but also in the types of people involved. In Globalization 1.0 and 2.0 it was mostly American and European businesses who... ... middle of paper ... ...decades, is similar but different from outsourcing. Outsourcing means taking a specific function that your company was doing domestically, such as research, call centers, or accounts receivable, and having another company perform that exact same function for you and then reintegrating their work back into your overall operation. Offshoring, by contrast, is when a company takes one of its factories that is operating in the U.S. and moves the whole factory overseas. There, it produces the same product, only with cheaper labor, lower taxes, and lower health-care costs. Bibliography:(sorry, I did this paper a while ago and I didn't have to do a bibliography so not really sure) The World is Flat, Thomas Friedman http://www.jimpinto.com/writings/flatworld.html http://uclaforecast.com/reviews/Leamer_FlatWorld_060221.pdf#search=%22the%20world%20is%20flat%20summary%22
“By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.” -Mark Pocan
Offshoring or offshore outsourcing is the practice of a company or a firm hiring or contracting in utilizing the services, skills or labor of the personnel from an outsourcing service provider that specializes in the need that they are looking for such as develop systems, customer service or even write code either from a developing or under developed countries, in their efforts to lower their operational costs and improve their service efficiencies and quality of their products. The former company is called ‘the Outsourcer or the Client’ who pays the money for the services obtained and the later company is called ‘the Outsourcee’ for providing the services to the outsourcer.
Outsourcing is a complicated and a multifaceted subject that involves a “business[’s] purchase of parts or labor from another company rather than maintaining a sufficient enough number of its own employees to do the same work in the country where the company is already based” ("Outsourcing"). The first practice of outsourcing was in medieval times when “nation-states called in soldiers-for-hire to help their own military forces during ongoing conflicts” ("Outsourcing"). Many think of outsourcing as a one way trade of production facilities moving outside of a companies locale but in actuality it is a two way trade that also involves companies from other areas moving their factories to local areas where conditions are beneficial for the specific business. Outsourcing has evolved but the main idea has remained the same. The recent increase in outsourcing “was initiated by Wall Street pressures on corporations . . . . for increased profits . . . in the production of goods and services marketed in the U.S."(Roberts).
The earth is flat. Who, but a government tool, has truly seen the spherical world? The human race should not be content to sit and accept what is broadcasted to the masses. A foul conspiracy to gain power and money keeps us in the dark, and unless the truth is thrust into common knowledge, society will continue to be controlled by scheming New World Leaders. Flat earth is the truth, and lies of science and government perpetuate the myth of a spherical earth.
The world is flat is written by Thomas Loren Friedman who is an American journalist and author. He goes on to write about how flat the world has become and the level of globalization achieved over the years. The journey to Bangalore India and the interaction he had with the Nadhan ‘Nielkani the CEO of Infosys technologies limited, in one of the conferences he attended as a part of the discovery crew. Where he witnesses how the
The World is Flat is a historical and geographical journey book because of the several trips that made by Friedman around the world to be able to analyze the concept of globalization in the 21st century . The title is an allegory to image the world today as a playground of play and competition between players , where each player has equal opportunities with the others. Friedman emphasizes the need for awareness of the countries ,peoples , companies and individuals in order to continue to compete in the market. Fred calls himself "free trader" because he is a believer of that change that will happen because of globalization. In the book, Friedman goes on a trip to India to discover that globalization can bring a radical change in the economic concepts .
Friedman, Thomas L. The World Is Flat: A Brief History of the Twenty-first Century. New York:
The U.S. industries have been outsourcing manufacturing for several decades now. U.S. companies thought they were reducing costs by outsourcing development, manufacturing, and process-engineering abilities. Consequently, U.S. corporations’ knowledge, skilled workers, and supply chain, which are the necessities to producing advanced products, have vanished. For example, almost all notebook computers, cell phones, and handheld devices, which were once created in the U.S., are now designed in Asia. When a major U.S. company outsource, it pressures their rivals to do the same thing. They also lose the expertise of process engineering, which would interact with manufacturing on a daily basis. Minor companies and skilled workers go to where the jobs and knowledge networks are no matter where they are geographically in the world. This decline of trade in the U.S. has caused a negative chain reaction to their suppliers of sophisticated materials, tools, production equipment, and components. U.S. industries do not have a way of coming up with new ideas for the next generation of high-tech products...
Arguments supporting the "flat world theory" come mainly from Friedman. His argument rests on the assumption of ten flatteners and a triple convergence. Friedman says that the power of new information technology has helped bring the world closer together and has made it more interconnected and interdependent (Friedman, 2005). More people now have access to this technological platform for education, innovation and entrepreneurship (Friedman, 2005). However, Florida (2005, p.51) argues that this flat playing field mainly affects the advanced countries, which see not only manufacturing work but also higher-end jobs. Other developing or undeveloped countries simply do not have the luxury of this connection and are left out of this technological platform. Florida (2005, p.51) contends that “...there are more insidious tensions among the world’s growing peaks, sinking valleys, and shifting hills”. This inequality is growing across the world and within countries.
Globalization is a broad term used in multiple social studies classes. There are three types of globalization: cultural, economical and political. As both positive and negative views exist on globalization; using just the word globalization isn’t specific enough to understand these viewpoints. Knowing the different types of globalization will allow a person to form their own opinion whether or not each individual type of globalization has a positive or negative impact on society.
Many people think that outsourcing is jobs that were held in this country going somewhere else. That is not entirely accurate. Outsourcing is actually one company paying another to do some work for it. Outsourcing can be as simple as paying a company to paint your building. Or it can be as complex as paying a company to control your human resources department.
Outsourcing is when a company or business decides to contract part of their services that they do not do well to an outside company. There is two types of outsourcing offshoring and nearshoring. Offshoring is where a company outsources abroad and, nearshoring is outsourcing within the home country. The reasons that a company decides to outsource varies from company to company but, the most common ones are cost reduction, increasing globalization, growth , tax incentives, government support and access to new markets. However there are some key challenges that come with offshoring and those key challenges are quality and labor retention. ( Bacon, 2007 p 38-39). Asian outsourcing began as early as the 1960’s (Espana 2013 p 3). Some people argue that offshoring is good for the economy even though it’s a well know fact that offshoring has a negative effect on the economy, there is wage differences and the unemployment rate increase.
When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.
First off, we will search and explore some definitions of the term globalization. ?Globalization is the process of denationalization of markets, politics, and legal systems, i.e., the rise of the so-called global economy? (Introduction to Globalization, 2004). Another article states, ?Globalization is an inevitable phenomenon in human history that?s been bringing the world closer through the exchange of goods and products, information, knowledge and culture. But over the last few decade, the pace of this global integration has become much faster and dramatic because of unprecedented advancements in technology, communications, science, transport and industry? (The Growing Integration of Economies and Societies Around the World, 2005). The third and final definition is from Thomas Friedman who wrote The Lexus and the Olive Tree. ?Globalization is not a phenomenon. It is not just some passing trend. Today it is an overarching international system shaping the domestic politics and foreign relations of virtually every country, and we need to understand it as such? (Friedman, 2004). Now that we know what globalization is, we can know try to track it and better understand it and its effects.
First of all, Friedman talks about the different levels of globalization. There are 3 different time periods in which the society has differed and changed, bringing us to where we are today. Globalization 1.0, which took place from 1492 to 1800, was the first step to making the world flatter. The coming to America, and the industrial drive that came along with this is what most characterized globalization 1.0. The industry drive was about things such as manpower and horsepower, and how well we could utilize these in the world market. This caused the world to “shrink” a little bit, and become flatter. With the discovery of a new world, it broadened the area in which business was conducted, but the commonality of rule and trade caused the distance to be spanned more frequently. I think Friedman’s notions regarding globalization 1.0 is very accurate. The world in our terms began in 1492 with the discovery of North America. Once the area began to be inhabited and settled, there was much more worldwide interaction. Communications and trade between the American colonies and England increased, and this began a more stable business of worldwide association. I believe that Friedman’s theory is true, because the discovery of a land across the ocean for th...