What Does Globalization Is Irreversible?

In this assignment I will look at globalization and determine whether it is irreversible or not, to do this I am going to firstly define globalization using three different author’s views this will allow me to gain a better understanding on what globalization is, I will then assess the concepts of three different forms of globalization which are, economic globalization, political globalization and cultural globalization using real life statistics and examples also including authors views on the three forms of globalization this will allow me to illustrate how far globalization has come and combining all of their views as well as my own to come to the conclusion on whether or not globalization is irreversible?

To start this assignment I believe

Firstly and most importantly the key driver is obviously technology as shown in (Khan) “ a telephone call from New York City to London in 1930 cost more than $300 in the year 2000” this price now obviously would be higher, now currently information can be transferred electronically a lot faster and at a much cheaper price . This allows business to grow much quickly and thus has led to businesses becoming too big such as companies such as Starbucks who trade in the UK however do not contribute to UK tax shown in (Reuters 2012). A result of the advancements in technology this has led to trade barriers in which were removed which allowed trading to be done much easier a real life example of this would be the introduction of the euro in 1999 shown in (Morrison 2002 p79) this in turn resulted in trade becoming much more easier through EU nations using the same currency. This in turn I believe for globalization to be reversible countries in the EU must drop the

This expansion has led to increased international relations, a good example of this would be the Group of Twenty also known as G20 which was formed in 1999, political globalization has led to all the richest countries coming together to maintain and also to promote international stability. The reason for the formation was that the twenty countries make up 80% of the world’s trade. The advantages of G20 is that results in a much greater interdependence among traders globally however the obvious disadvantage is what I talked about earlier is that global organisations have too much power such as Starbucks were politics and laws don’t influence business by the way of not paying tax. Political globalisation has also led to the emergence of new powers my example of this is Brazil looking at (Bloomberg 2013) Brazils’s GDP growth from 2013 to 2017 will be 22.3%, political globalisation has meant that countries like Brazil can grow and catch up to other more developed economic countries and for the question to say is globalisation reversible if this is the case then we would not have emerging economies such as