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Introduction Globalization becomes important today because increasing in depending to the world. Globalization can be determined as increasing in trade and exchange in open economy, integrated and borderless international economy (Intriligator, 2003). Globalization is often used to refer 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. Besides that, globalization also can be defined as process of greater interdependence among countries and their citizens. It consists of increased integration of product and resource markets across nations via trade, immigration and foreign investment-that is via international flows of goods and services, of people and of investment such as equipment, factories, stocks and bonds. It also includes non-economic elements such as culture and the environment. The globalization can be classified into three types of waves such as first wave, second wave and third wave. This globalization has a different period of time because it have different of factor that drive the changes to continues become better of globalization. First globalization happens in year 1870 until 1914. Globalization at this stage happens when decreases in tariff barriers and invented in new technologies to decrease transportation cost such as the shift from sail to steamships and railways. The first wave is ended by World War I and the increase in protectionism. Thereafter, the second wave happens in year 1945 until 1980. This type happens because decreases in transportation cost and specialization of manufacturing products in developed countries. This specialization of manufacturing products... ... middle of paper ... ...content.cgi?article=1012&context=honors_finance Tytgat, K. (2011). Language policy in Flemish Higher Education in Belgium: English in an academic context. Department of Applied linguistics, Erasmushogeschool Brussel, Belgium Schwab, K. (2013). The Global Competitiveness Report 2013-2014 World Economic Forum. Retrieved from http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2013-14.pdf Tim, V. R. & Marx, I. (2013). Growing Inequalities and Their Impacts in Belgium. GINI Country Report Belgium. The European Project "steLLLa" (n.d.). Eropean dimension : Belgium Lifestyle. Retrieved from http://www.stellla.eu/life-style-belgium.html United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics International Telecommunication Union, World Telecommunication/ICT Development Report and database.
Hurst, Charles, E. 2013. Social Inequalities: Forms, Causes, and Consequences (8th ed). Boston, MA: Pearson.
Belsie, Laurent. “The Causes of Rising Income Inequality.”.N.p., 5 Mar. 2009. Web. 30 Apr. 2014
Brussels is the national capital of Belgium, Brussels is located in the middle of Belgium. The city was established in the 13th century and is a federal parliamentary democracy under a constitutional monarchy which means that each province has the ability to make their own laws or rules for their province. The people of Belgium have ultimate power, and the king has to follow the same rules the people do. These are the similarities and differences between Belgium's government and the U.S.A.’s.
Frank, Robert H. “Income Inequality: Too Big to Ignore.” They Say, I Say: The Moves That Matter
Marger, Martin N. Social Inequality: Patterns and Processes. 5th ed. New York, N.Y: McGraw-Hill, 2011. Print.
Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country. (Leon 90-91)
"What can be done to improve income inequality?." SparkNotes. SparkNotes LLC, n.d. Web. 10 May 2014.
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...
Jensen Tan US History Mr. Pegan 1/17/2016 Globalization The period from 1870 to 1914 represented the high water mark of 19th century globalization, which had been developing since the end of the Napoleonic Wars. Nineteenth century globalization involved increasing transfers of commodities, people, capital and ideas between and within continents. The most straightforward measure of integration is simply the ratio of commodity trade to GDP, or the number of migrants per head of population.
Globalization refers to a process that involves integration and interaction among individuals, companies as well as government of various countries. It is bolstered by international trade, investments as well as modern technology. Globalization, through internet, has revolutionized business in various ways. Companies in foreign nations can compete for clients in other regions of the world due to globalization. Notably, the importance of globalization has mainly been cherished in the business world forgetting about its impacts on social lives of individuals. In the past, there have been debates regarding the role of globalization various cultural practices across the world. Globalization has been termed in many occasions as the
Globalization is a process whereby international integration which is derived from the exchange of world opinions or views, ideas, products and various national cultures. Human communities all over the world have aggressively established closer ties over the years and grown faster recently. Globalization itself could be broken down to four major sectors; Globalization of the Economy, Globalization of Politics, Globalization of Culture and Globalization of Law. The dictionary does describe Globalization also as “… the act of extending to other or all parts of world”. This worldwide integration and development as seen by others is as positive as it could be in many ways. The world as we know it today has come a long way; in regards to the historic
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,
Globalization is the integration of international communities arising from the exchange of world views, ideas, culture and products. The various advances in telecommunication and transportation infrastructure, including the rise of the internet are major factors in globalization, generating further interdependence of cultural and economic activities. The various aspect of globalization include investment movements, capital, migration, trade and transactions, and the dissemination of knowledge are all related with technological advancements which could all drive economic development .
Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)
One form of globalization that is important is the economic globalization. Economic globalization is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross border movement of goods, services, and technologies. Cultural globalization is the process of transmission of values, ideas, cultural and artistic expressions. Cultural globalization is for the best because it allows us to grasp a better understanding of foreign values and concepts of that foreign country. Teaches us new cultural differences.