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Globalization

The Cold War engulfed the entire world for nearly half a century. Since the chaotic system that set the communist Soviet Union against the democratic United States, a new world order has emerged. This system, called globalization, has revolutionized the way society thinks, moves, communicates, and functions. As defined in Lexus and the Olive Tree by international business connoisseur Thomas Friedman, globalization is, “the inexorable integration of markets, nation-states, and technologies to a degree never witnessed before…the spread of free-market capitalism to virtually every country in the world”(9). This system of globalization is beneficial to the high-speed world of today.

Globalization improves the quality of life for citizens living in poverty-stricken regions of the world. When large, multinational corporations such as Dell Computers, British Airways, and America Online are in search of quality labor at a low cost, workers can be found in developing third world countries. The wages paid to overseas employees encompass a greater value than what appears on a paycheck: “The AOL subsidiary in the Philippines paid its workers in 1999 about $5.50 a day, the [Far Eastern Economic Review] reported, which is 35 pe


World peace can be achieved through globalization. During the Cold War, the world was engulfed in a game of “us” verses “them”¯whichever superpower could gather the most countries, develop the fastest technology, threaten other nations with nuclear warfare, or walk on the moon first would win the race to superiority. Although no actual bloodshed took place, a sense of panic and hatred overcame participating nations; beating the opponent seemingly remained the only worthwhile cause for nearly half a century. When the Cold War ended in 1989 with the falling of the Berlin Wall, not only did Germany unite; globalization was introduced, establishing trade between nations: “Two nations who traffic with each other become reciprocally dependent; for if one has an interest in buying, the other has an interest in selling; and thus their union is founded on their mutual necessities” (249). Globalization has shifted the world’s focus from aggressiveness, isolation, and confrontation to free trade, democracy, and capitalism; what used to be “opponents” during the Cold War are now considered “global business partners” in the world economy. Each country has a different skill to offer, and when a country must take from a neighbor and give to another a more connected, peaceful world emerges. Superpowers such as China now realize that fighting only leads to the downfall of their country and its economy. When the decision to invade Taiwan or not presented itself to China in 1996, economists advised the latter, claiming the invasion would, “stop inv

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Approximate Word count = 1058
Approximate Pages = 4 (250 words per page double spaced)


  

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