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Benefits and drawbacks of globalization
Benefits and drawbacks of globalization
Benefits and drawbacks of globalization
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The Lexus and the Olive Tree, written by Thomas L. Friedman, investigates the phenomenon of globalization in our world and how it has established a new international system that has replaced the cold war. This new system of globalization connects people from all over the world from Southeast Asians fighting a recession to Thai bankers to entrepreneurs in the United States. Friedman credits that the democratization of technology, information, and finance has shrunk our world from small to tiny where people all over the world can now transfer information cheaper, deeper, and faster. The walls that once separated our world have now been torn down with the development of the Internet and the television.
Friedman uses the Lexus and the olive tree to symbolizes the balance that a country or company must maintain in order to thrive. The Lexus represents modernization and technology the olive tree represents the uniqueness in communities. It signifies the core values that are dependable and solid. Societies must aim for the Lexus but should recognize the need for the olive tree.
According to Friedman, “globalization is the inevitable integration of markets, nation-states and technologies to a degree never witnessed before – in a way that is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before and in a way that is enabling the world to reach into individuals, corporations, and nation-states, farther, faster and deeper, cheaper than ever before.” (XXXXX)
The book is broken up into four major sections. The first section of the book explains today’s globalization system and how it functions. The second section explains how countries, communities, compa...
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...ensions that we as individuals can adopt. On the right side, there is the integrationist who welcomes globalization and on the left there are the separatists who want to cut off globalization. On the down side who are the social-safety-netters who was globalization only if it make economic and political sense, and then on the up side there the let-them-eat-their-cakers who have the winner take all mentality. This chapter also explains that the benefits of globalization tend to be measured in the long run for societies as a whole but we will see the disgruntled individuals immediately if they have been hurt from it therefore, due to the mismatched measurements, there must be a broader strategy to measure the costs and benefits. The chapter concludes with the question of God’s presence in cyberspace and takes a deep look at globalization being a divinely influenced.
Gardner, Robert, and Wayne Lavold. "Chapter 9-12." Exploring Globalization. Toronto: McGraw-Hill Ryerson, 2007. N. pag. Print.
Ritze, George, and Zeynep Atalay. Readings in Globalization: Key Concepts and Major Debates. Chichester, West Sussex, U.K.: Wiley-Blackwell, 2010. Print.
The Globalization Reader. 2011. Fourth Edition. Frank J. Lechner and John Boli, eds. Malden MA: Blackwell Publishing.
Globalization has several definitions, as Andrew McGrew underlines it. He uses four different ones in order to get a more complete definition. In this way globalization is defined as ‘the intensification of worldwide social relations which link distant localities in such a way that local happenings are shared by events occurring many miles away and vice versa’, ‘the integration of the world-economy’, the ‘de-territorialisation – or growth of supraterritorial relations between people’ and finally as ‘time-space compression’ (Giddens, 1990, p. 21, Gilpin, 2001, p. 364, Scholte, 2000, p. 46, Harvey, 1989, cited in Mc...
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.
Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.
Globalization is a broad concept and the angle taken to define it can lead us to interpret the idea in many different ways. There is much controversy about what globalization actually means and many definitions fail to encompass social, cultural and technological exchanges between world systems. John Pilger suggests that "it is a jargon term which journalists and politicians have made fashionable which is often used in a positive sense to denote a 'Global village' of free trade, hi-tech marvels and all kinds of possibilities that transcend class, historical experience and ideology." (J.Pilger 1998:63). Taking a broader point of view, Bilton et al defines globalization as "The process whereby political, social, economic and cultural relations increasingly take on a global scale, and which has profound consequences for individuals, local experiences and everyday lives."
Globalization can briefly be defined as ‘something’ that affects and changes the traditional arrangements of the state system. It is a term that directly implies change and therefore is a continuos process over a long period of time as compared to quickly changing into a wanted or desir...
Over the last couple of years, the world has become increasingly globalized. After the cold war, all parts of the world were attracted to the process of globalization. The effect of globalization is uneven in different parts of the world and globalization suggests a world full of persistent cultural interaction and exchange, contacts and connection, mixture and movement. Different people view globalization in different ways. Some people feel it has done more good than harm, while others believe it has done more harm than good. This essay will give a deep intuitive understanding of globalization, world systems, and how globalization has affected society, culture, economics, and politics.
Globalization on a broader scale, is an integration act, involving cultural, mental, political as well as economic aspects of a person, among countries. It is mostly limited to, economic integration, associated with movement of people, exchange of technology and information, trade as well as financial flows. . This is practice is clearly miles ahead, as demonstrated by the ever increasing capital flows in the world economy as well as the level of importance, the world economy has. As a result of globalization, tremendous pressure is on the nations to keep up with its demands and this has had a lot of consequences. Some pundits will tell you that these effects are only economic based,
The term globalization is one that is an exceptionally wide-ranging term and it is used to explain a wide variety of definitions. Many people link the term globalization with the how the world is connected on an international and a local scale. One example of this is how Inda and Rosaldo illustrate globalization as being in “a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange” (Inda and Rosaldo 4). On the other hand, they also imply that although movement and connections are prime components of globalization, disconnection and exclusion also form globalization (Inda and Rosaldo 30). Global flows of economic and social structures are not fluid and constant; they have the power to exclude and immobilize as well as enhance movement and include certain beings. In the 60s, the term `global village' was used by Ma...
Globalization, the acceleration and strengthening of worldwide interactions among people, companies and governments, has taken a huge toll on the world, both culturally and economically. It’s generating a fast-paced, increasingly tied world and also praising individualism. It has been a massive subject of matter amongst scientists, politicians, government bureaucrats and the normal, average human population. Globalization promoted the independence of nations and people, relying on organizations such as the World Bank and also regional organizations such as the BRICs that encourage “a world free of poverty” (World Bank). Despite the fact that critics can argue that globalization is an overall positive trend, globalization has had a rather negative cultural and economic effect such as the gigantic wealth gaps and the widespread of American culture, “Americanization”; globalization had good intentions but bad results.
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...
Globalization is the increasing interconnectedness of people, places, and cultures throughout the world today. The effects of this homogenizing process that we call globalization can be seen in all aspects of life. From McDonalds being in almost every country, to the majority of North American clothes being made in periphery countries, to the technological ability that allows us to instantly communicate with people anywhere in the world, the effects are everywhere. Economically today, globalization has had both positive and negative effects around the world, with many similarities to colonization. Globalization has also led to increased poverty amongst the global periphery, and a specific group of winners and losers within this process of globalization.
Globalization has taken place in the past when state and empires expanded their influence far outside their border. However, one of the distinctions of globalization today is the speed with which it is transforming local culture as they took part in a worldwide system of interconnectedness. Through globalization, many cultures in the world have changed dramatically.