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Modern infrastructure development has helped bring the dream of globalization closer home. Today, Countries no longer make decisions on their own but guided by international policy. The collaboration between nation states of the world means that we are all responsible for the future of this world together.
Globalization has economic grounds. Without the financial gain, there is no globalization. However, economies did not create globalization but globalization largely depends on them. Because of technological advancement, globalization is achievable today. International business can be done all thanks to technological progress easily. Technology infrastructure has improved the way we do business and has positive effects on globalization. (Castells, 2006) Business outside the global perspective kills the business driving home the point each company aims at achieving international standards. The nation state is central to regulating the approach to globalization.
The world of today is marred by lots of problem. Most of these problems are an identity-related crisis. Religion is as a platform for the war in the Middle East. Religion is but one of the avenues for globalization and cannot be used to advance national let alone international agendas. It is impossible for a nation to read from a confined script on matters nation and at the same time embrace globalization. The Middle East continued conflict is as a result of shutting off globalization and embracing religious backdrops in everything they do. Such restrictions and backgrounds breed resistance not towards religion alone but fundamentalism
Europe and America appreciate the fact that slavery helped built the societies we see today in Europe. Slaves from West Africa worked on sugar plantations in the Caribbean Islands. While the slaves provide the labor, the French provided capital and the English machinery and industry. The three worked hand in hand and eventually saw the industrial revolution.
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According to the research findings globalization is of great significance in contemporary societies. When looking at its impacts, it is apparent that globalization is transforming contemporary societies. This is because globalization has had positive impact in nearly everything ranging from, economies, cultures, information flow, governance, criminal investigation, among others.
‘'American hip-hop music began to see popularity in the Arab World in the early-to-mid 1990s''1 (“Arab Hip Hop”). A large number of Arab countries are taking up hip hop as a genre in music. Hip-hop music is not a part of the Arabic culture, but as soon as people listen to it and find out that it is interesting they like it.
Such fragmentation in the origins and belonging of the ethics and moral values therefore offer a rare glimpse into a world which is shrinking. Globalization, as a phenomenon, is overcoming the local cultures, values as well as the indigenous political will of the individual.
Globalization impacts on societies in the cultural, political and environmental systems (Held et al. 2005). It also affects economic growth and development of nations worldwide. The concept is not new since over the years, people and companies have been trading for long distances.
Globalization, Its Significance to Challenges of Development and Key Debates. Globalization and related development were considered as the wave of the future when they first appeared to unite countries into one global economy for the mutual benefits, which presumed global integration and interdependence in the technological, economic, social, cultural, ecological and political spheres.
Globalization has introduced new ideologies that have replaced the traditional thinking perspectives. The reception of globalization in each specific culture varies, but a close analysis reveals the aspects of life that change. This brings in the aspect of globalization, used to denote the various ways in which each distinct culture localizes globalization.
The layman's perception is predominantly confined to economic aspects of globalization, which is a very narrow perspective and is mostly confined to a mere expansion of trade and investments. However, the process of globalization has much wider implications that go beyond the mere internationalization of markets.
Episodes Three which is entitled New Rules of the Game discussed globalization and its impact in the world economy.Globalization doesn’t just involve the goods and services.Market integration also means the assimilation of countries’ financial markets.Countries like Thailand were greatly helped by the inflow of foreign direct investments.
ization has led to the breakdown of the production process, since the stages involved in manufacturing can be distributed over a number of places other than at the source of raw materials, especially due to the reduction in transportation costs (Giddens 2006). Knowledge transfer