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Globalization

Many see it as a primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows.

However, one can also point to a rapid increase in cross-border social, cultural and technological exchange as part of the phenomenon of globalization.

The sociologist, Anthony Glidden’s, defines globalization as a decoupling of space and time, emphasizing that with instantaneous communications, knowledge and culture can be shared around the world simultaneity critics of globalization define the word quite differently, presenting it as worldwide drive toward a globalize economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments.

Globalization is an undeniably capitalist process. It has taken off as a concept in the wake of the collapse of the Soviet Union and of socialism as a viable alternate form of economic organization.

Try this: Globalization is the rapid increase in cross-border economic, social, technological exchange under conditions of capitalism.

Simon Reich also explores this question


The fall of the Berlin Wall and the collapse of the Soviet Union ended the cold war between the forces of capitalism and socialism with capitalism triumphant. The development of the internet made possible the organisation of business on a global scale with greater facility than ever before.

What if the tide could be rolled back? What would those who oppose globalization want to see? There is a wide range of opponents to globalization, some of whom have quite different visions, ranging from Marxist revolution to less defined objectives, such as the ‘end to poverty’.

Globalization has drastically improved access of technological latecomers to advanced technologies and, to the extent that technological upgrading is important for development, it provides a unique opportunity for low-income countries to raise per capita income. Research shows that improved access to technology imports is improving the demand for skilled labor in many low-income countries.

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Approximate Word count = 2555
Approximate Pages = 10 (250 words per page double spaced)


  

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