In recent decades, we have seen a large movement in manufacturing goods; corporations have moved from First World countries to Third world countries. This economic trend is called globalization: “the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture” (Globalization 101). This event was caused by the obligation that companies have to their shareholders to increase profits. Globalization has been nourished along with advancement in shipping and communication.This has a dramatic effect on the world economy, it has made most wealthier than they were previously. The method of containerization has made life better for society. The average consumer has products that are …show more content…
It had very humble roots. Globalization started when the Mongol Emperor Kublai Khan, the grandson of the barbaric Genghis Khan created “Peace.” He had done this the only way he knew how to create peace through destruction and devastation just like his grandfather before him. Kublai Khan made the Silk Road safer which meant that the “east” could trade with the “west” (The Silk Road). Most trades were done through very harsh conditions since the merchants traveled mostly on camelback. This was the limiting factor in the quantity and size of containers that could be traded back then. The trades were very slow; nevertheless human beings were trading goods with each other. These makeshift “routes” were no more than stops from oasis to oasis through the Hindu Kush and Gobi deserts. This was called the Silk Road, though silk was not the only trade; many other commodities such as gold, ivory, spices and other goods desired by the people of that time were also traded (The Silk Road). Today humans do not have to go through the same troubles as the people went through traveling on the Silk Road ( In the Post-Industrial age, commerce was exchanged easier due to …show more content…
This is a country bent on dominating the world with its economic prowess. The People’s Republic of China is the fourth largest country in the world; it is so large, in fact, that it was once considered the center of the universe global market. It borders an overwhelming sixteen countries compared to the United States of America’s two. It is the largest economy in the world, as stated by the Central Intelligence Agency (CIA) in The World Factbook. China is a communist country with a tendency to act as a capitalist society. It is the largest exporter of goods in the world market. When China opened up its economic border to the world in 1978, it was comparable to a third world country; now it 's a financial powerhouse that has surpassed the United States of America in 2014. China’s GDP grew two trillion dollars over the past two years. The country had a gross national savings of 49.5 percent. That gross national saving comes from all businesses, governments, and individuals ' savings; China is not the only country that has benefited from globalization. The United States of America has
The term globalization varies from person to person. A consumer typically associates globalization with a store producing more goods, stocking inventory, and updating their styles, however; an anthropological definition of globalization is, “the worldwide intensification of interactions and increased movement of money, people, goods, and ideas within and across national borders,” (Guest, 19). Globalization of the clothing industry is about the “search of cheap, reliable labor to meet the industry’s tight margins,” (Timmerman 7). Timmerman suggests that globalization change our lives and can be for the good or for the bad (8). Globalization is often viewed as a mutual and beneficial process for those involved, because it is perceived as helping those out who are in poverty get a job and make money for their families. On the other hand, it is viewed as a horrific way to abuse individuals in different countries by paying them tremendously trifling wages, working in strident conditions, and overall being treated inadequately by the factory owners. United States corporations exploit different countries around the world such as, China, Indonesia, Mexico and
Sitting close to the edge of being a “developing” and a “developed” country, China is a difficult country to define neatly. It is a country with an ancient and traditional culture trying to position itself higher within the international community. Plus it is also a communist country that has come to embrace its own form of capitalism to fuel its economy. China’s economic boon has been beneficial to many people within the country. But not to all people within China evenly.
Nowadays, Globalization is a main trend for the world economic. The world’s economy has become fully integrated. There are no barriers and borders to trade around the world.
China has a list of problems while maintaining one fifth of the world’s population. It covers around the same geographic area as the United States, but has twice the amount of problems, along with five times the amount of people. They have not had a lucrative past, and their future does not either. In order to fix such problems, the Chinese government has taken miniscule actions to further aid their country (Riley, China’s Population).
China today – powerful and ever-growing – wasn’t always like this. One major event in history around the mid 1800s that we all seem to have forgotten was the Opium Wars. What really caused the opium war was when China wanted to halt all trade in opium with the British. The geography of China is something like a fence. This isolation made the people of China feel like their country was prestigious and secluded from the rest of the world.
Globalization is an important contemporary phenomenon and it is difficult to avoid the trend. Its development as well as make people recognize each other's lives in an interdependent global village. Therefore, globalization encourages people to care about many global equity issues such as peace, justice, environmental protection. Like many phenomena, there are both sides of pros and cons in globalization. Globalization can create new opportunities for the expansion of international trade, and enhance global commodity circulation and improve cultural exchange (Krier, 2001). It is beneficial to the development of integration with the global economy. Emphasizing efficiency in terms of globalization
The article by Jean-Paul Rodigue, Claude Comtois, and Brian Slack, the containerization of commodities tries to research the significance of containerization in the transport of commodities. First to begin what exactly is containerization the definition term from the web sites dictionary.com defines the definition as a method of shipping freight in relatively uniform, sealed, moveable containers whose contents do not have to be unloaded at each point of transfer.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
China is one of the main viable candidates as this century’s new world power. Today, it maintains a strong economic stance within the international market, and is expanding at a rapid pace. The United States cannot maintain its position as hegemon for the rest of humanity; just as how ...
It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of the world closer. Considerable amount of exciting tourists can visit remote villages in the corner of the earth. Secondly, new telecommunication, such as internet and TV, makes people’s common life colorful. Fans in China who are interested in Manchester United can also share their joy with their counterparts in United Kingdom, when the team won a game. Moreover, we can buy the popular products of high quality made in other countries, such as automobiles of Volkswagen and furniture of IKEA. Finally, globalization can lead to cooperation in trade between different countries. Even though globalization can bring so many conveniences to us, we still worry about its severe negative aspects.
In the race to be the best, China is clearly outperforming the United States. China has strong economic fundamentals¬ such as “a high savings rate, huge labor pool, and powerful work ethic” (Rachman, Gideon. "Think Again: American Decline). Their economy has grown an astonishing 9-10% over the past thirty years; almost double of what it used to be decades ago. China is also the “world’s greatest manufacturer and its greatest market” (Rachman). The continuing growth of China's economy is a source of concern for not only the U.S. but surrounding nations as well. One could argue that the U.S. need not worry about China’s growth because of the spread of globalization and that western ideologies would influence China to turn to democracy. Yet China has still managed to “incorporate censorship and one party rule with continuing economic success” (Rachman) and remains a communist country. Hypothetically, even if China does resort to a democratic state, this does not gua...
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
The term ‘Globalization’ refers to is the integration of economies, industries, markets, cultures and policy-making round the globe. It explains a progression by which both national and regional economies, societies, and cultures have become incorporated through the universal system of commerce, communication, migration and transportation.
The process of globalization allows the global market to include products and services from all the companies around the world, including all the investments that is across national borders. Indeed, many American companies have taken their merchandise, manufacturing and services to invest in other countries. However, this has produced a negative effect in the global economy. The American companies