The term globalization came around in the 1960s, which is when economists began to give a name to what “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” meant. Globalization comes from the erasing of barriers between national economies to encourage the flow of the market. Globalization has been around even before the emergence of the term with the first example being the discovery of the Americas in 1492, which only accelerated the process even further. Globalization only exploits the foreign labor markets that mass production companies decide to use for their own capital gain, their workers that decide to provide for their families because there is no other option than to work for these people for a wage that is not livable by any means, and the alarming inequality that globalization has been able to preserve for centuries.
Many economists along with politicians and huge corporates view globalization as this holy grail. Many view globalization as an economic booming process that is purely driven by investment along with trade. People who view globalization as this holy grail often claim that bigger free-market economies allow for smaller developing markets to prosper and be able to raise their standard of living. People begin to view the world as compressed in culture, politics and other examples, they see the blurring of trade borders as a way for these countries to develop such as western economies have, with job creation, companies beginning to compete in the global market, and overall, lower the price for consumers. Supporters begin to see this as a way for labor to move freely from any country and create labor as its own market. Opponents of globalization see the cons in the exploitation of poor countries along with their labor. The rich get richer while the poorer get poorer. Mass production companies take their production to these developing countries to cut costs, since many of these countries offer labor for really cheap rather than to keep production in their own countries, these companies begin to take their production elsewhere for low wages for the workers. The workers often are women, usually young women or mothers who are the sole earners in their families. This only leads into the issue of inequality later. These women work long hours for minimal pay that by no way is a livable wage for one person, let alone for a family.
Many of these women are not cared for and are often stuffed into these shoddy factories that do not meet any regulations that can be deemed as healthy. These women cannot find other higher-paying jobs since these jobs are viewed only for men, for experienced men. The idea of patriarchy still exists in many of these countries, it brings along this idea that women cannot be sole providers for their families, that they have to settle for little to nothing paying jobs because there will never be anything else available for them. They begin to believe that these jobs are the only opportunities available for them and are the best things that can come their way.
Since the start of “globalization” can be traced back to the discovery of the Americas, Cristopher Columbus, the “grand discoverer of these lands”, is an example of the white male savior, which has been seen throughout history countless of times. Columbus is credited by many by being the one to bring European culture into the Americas. With this there are also many who discredit Columbus for not discovering anything in the first place. Columbus’ prime objective was to find India, which was more accessible than the Americas.
Columbus being an inadequate Spanish male, was not able to navigate himself to the place he originally wanted to go. Once Columbus arrived in what he believed to be India, he proceeded to call the indigenous people on the lands ‘Indians’ which can be guessed as to why the term still is used to call Native Americans as such when they should not be called Indians since it was not India. Columbus's achievement in coming to the Americas, only brought along European diseases, while Columbus was able to exploit the natives for his own gain, for the gain for the Spanish King and Queen. This is an effect of globalization, the exploitation of people for gain. Columbus can be compared to a top-leading economy like the United States or Europe while Natives can be compared to the foreign labor markets that these top leading economies decide to use for their capital gain.
In the contemporary world, globalization refers to the increased interactions and integration between the people, companies and the governments or states on an international scale. Recently, globalization has grown rapidly attributable to greater improvements in the transport and telecommunication sector across the world. Majorly, globalization …
A degree In International studies will Improve my understanding of the impact of education, health, human rights, the environment, economics, conflict, and other fields on development as well as the Impact of under development on those fields. In Dalton, the multi-adolescently nature of the subject …
The Adverse Effects of Globalization in the Philippines Most modern economist called this “World New Economic Order” that is all States in the world bend themselves to promote free flow of the economy. All country and State open its market with minimal or without any …
As defined, the term globalization refers to the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Globalization has offered considerable controversial impact. It has been viewed as a process …
Globalization is the “shrinking” of the world and the increased consciousness of the world as a whole. It is a term used to describe the changes in societies and the world economy that is a result of dramatically increased cross-border trade, investment, and cultural exchange. …
Ironically, as society drifts towards globalization, regionalism also seems to take place in almost every corner of the globe. In fact, most countries in the world, on all continents, are members of regional trade agreements through either customs unions, free trade areas, or other preferential …
Interdependence is the free flow goods and services capital and finances acroos the world most countries are getting linked to the global economic system labor is free to travel from one place to another a country sell one thing to another country this is called …
As A National Discipline Awardee, What Can I Do To Make This Country A Better Place To Live In? Is our country still a better place to live in? If we will to analyze the situations now, there were many incidents that took place in …
Adidas was a global organization, so it implemented the concept of “global brand, local touch” to achieve its target in the competitive market. First, Adidas applied the strategies that anticipating and fulfilling consumer desires to build powerful brands, so that a lot of people know …
It is therefore the vision of the company to continually grow as a retail store, both locally and globally. It has set the vision to remain the leading retail store in the United States and in any country where it has an operation. What comes …
University life can be a great experience. It can be fun and educational and, on the other hand, full of hardships. First-year students at university face a lot of challenges. These challenges can be divided into groups of which three are making adjustments, security and …
We know that Philippines country is rich in agriculture and economics. But don’t you know that Philippines are one of the top that is great in terms of education. And I can prove that in simply observing the status of my country and surveys in …
Background to the study The environment in which the fashion industry operates the world over has become turbulent, unpredictable and therefore, difficult to exert managerial control. Cultures around the world are constantly influencing each other; hence, the world’s cultures are changing fashion constantly. Also, social, …
Political Factors There are various laws nationally and locally which affect Businesses especially large ones such as Tesco and the NHS. International bodies such as the European Union and the World Health Organization (WHO) effect both Tesco and NHS, however not in the same way. …
Globalization is here to stay. Companies choose to go international for the following simple and compelling reasons: To build more brand and shareholder value To add more revenues sources and growth markets To leverage existing corporate technology and supply chains To award more franchise owned …
Globalization is a process of integrating trade and commerce throughout the globe. Governments, private companies and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to each other. Unprecedented advancements in transport and communication technologies have …
Strength • With the unique features of the “Nivea sunscreen soap” soap, an aggressive advertising campaign was imperative to inform the target market, create brand awareness, and established a basis for brand preference in the soap market. • Efficient and effective management are the main …
INTRODUCTION The emergence of women entrepreneur & their contribution to the national economy is quite visible in India. Women have become aware of their existence, their rights & their work situations. The number of women entrepreneur has grown over a period especially in the 1990s. …
In a world of zero transportation costs, no trade barriers, and nontrivial differences between nations with regard to factor conditions, firms mast expand internationally if they are to survive. Discuss. It is not essential for firms to expand in order to survive if in fact …
Globalization refers to the increasingly connectedness people and countries across the entire world, especially with regard to work and the economy. Globalisation has overwhelmed the whole world. In some areas it has enhanced the businesses and the standard of life, whereas in other places it …
1. Do you agree or disagree with Friedman’s assessment that the world is flat? Be sure to justify your answer I agree with Friedman that technology has made the world flat. But there is another point of view disagree with Friedman stating that there are …
Diebold 1. Before 1997, Diebold manufactured its ATM machines in the United States and sold them internationally via distribution agreements, first with Philips Electronics NV and then with IBM. Why do you think Diebold choose this mode of expanding internationally? What were advantages and disadvantages …
In chapter four, “The political dimension of globalization,” Steger did a tremendous job in analyzing the intensification and expansion of political interrelations across the globe. Steger brought up two major issues, which I found intriguing, dealing with how globalization affects modern nation-state system, which traced …
Ethics has increasingly become an essential constituent of corporate business organizations worldwide. Business ethics is commonly understood as to the system of moral values and rules and code of conduct applied to business (Jalan, 2005). The issues that may arise in the ethical context of …
Explain what is meant by the term globalisation. Identify and analyse the key drivers of the process of globalisation over the last twenty years. During the mid 1990’s the International Monetary Fund has defined globalisation as: ‘The growing interdependence of countries world-wide through the increasing …
Globalization has been the main theme of most news articles, magazines and even to most policies that exist in many countries around the globe today. Globalization transforms various things and ideas in order to come up with a new set of products and services that …
In the recent period, strategic alliances have become a popular means of international expansion (Koza & Lewin, 2000). Strategic alliances allow firms to share the risks and resources required to enter international markets. Moreover, strategic alliances can facilitate the development of new core competencies that …
PepsiCo, Inc. was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. Tropicana was acquired in 1998. In 2001, PepsiCo merged with the Quaker Oats Company, creating the world’s fifth-largest food and Beverage Company. Today PepsiCo is a world leader in convenient snacks, foods …
The Yves Rocher Group was created in 1959 at La Gacilly in Britany (France). Nowadays, the group is composed by eight brands: Yves Rocher, Petit Bateau, Stanhome, Dr Pierre Ricaud, Daniel Jouvance, Kiotis, ID Parfums and Flormar. The brand Yves Rocher is internationally well-known. With …
Keeping Up With the Fashion Field “Clothing and fashion during the Elizabethan Era was complex, complicated, and too dramatic” (Bloom). The Elizabethan Era, was a time period from 1558-1603 when Queen Elizabeth I reigned, and was a period when people expressed who they were through …
Anthropology
In an anthropological sense, globalization is “…an intensification of global interconnectedness, suggesting a world full of movement and mixture, contact and linkages, and persistent cultural interaction and exchange” (Inda and Rosaldo 2002: 2).
Aspects
Globalisation has three main aspects which are economic, politicaleconomic, politicalThe earliest works of political economy are usually attributed to the British scholars Adam Smith, Thomas Malthus, and David Ricardo, although they were preceded by the work of the French physiocrats, such as François Quesnay (1694–1774) and Anne-Robert-Jacques Turgot (1727–1781). Political_economyPolitical economy - and socio-cultural (University of Leicester 2009). Economic aspect focuses on the integration of global economies as well as flow of trade and capital across nation borders. Socio-cultural aspect emphasises on the exchanging of social and culture.
Globalization book
Save time and let our verified experts help you.
Hire writer
