The purpose of this paper is to analyze globalization as a result of neoliberal policies or International financial institutions (IFIs) which have been developed on the basis of neo-liberalism model. This paper will also discuss the contested view of globalization and neo-liberalism…
Download file to see previous pages...
This research is being carried out to evaluate and present the concepts of neo-liberalism and globalization with proper definitions. On the surface, globalization has been understood as a process of compression of time and space which has enables business enterprises to concentrate more on production and achieving localization benefit. But it should be noted that the definition of globalization is broader and aggregated in terms of socio-economic levels. Globalization is basically an economic change which has taken place in every part of the world with a wider reach to heterogeneous audiences. The spread of globalization is mainly a spread of capitalism which has been in active since late 19th century. The spectrum of globalization has been understood as a very helpful concern because it helped enterprises to save a great deal of time and capital in order to transport products and services. This also saved the cost to communicate with better and effective transference than before. The view of globalization has been taken and welcomed in the international business including all major business institutions. It was merely because the dream of reaching to the areas which were once considered as remote. There is no part of the world which has not been reached in terms of economic activity. The credit for this massive increase of business activates al around the world goes to the phenomenon of globalization. The aim of business enterprises is to make profit by making sure that the member of societies (consumers) is able to get all the comforts for sustaining a better lifestyle. This is due to the faster and diverse means of trading and financial transactions. Seemingly, the political control over the activities of business being undertaken cross-border is just another aspect that has declined now. In other words, it could be said that the control of political institution on business enterprises to go cross-border seems to be less influential than before (Baldwin 2012). It should also be noted that the quicker and diverse impact of globalization could not be possible on its own. There are some of the factors that have influenced globalization to take place all around the world. These factors are rationalism, capitalism, technological innovation and regulation. Taking these four elements into account, it becomes easy to understand as to why globalization has taken such a diverse reach in the business world. The technological innovation such as easy transport of products and services through air routes and sea routes was has become faster because of the easy and diverse communication networks. The financial institutions which were limited to the domestic business are now complying with international financial systems allowing better visibility of shares for foreign markets for investment purpose (Pambazuka News 2010). The phenomenon of globalization is somewhat similar to that of neo-liberalism. It is due to the nature of neo-liberalism which is defendant of free trade and a liberal view of economy to promote equal and diverse platform of markets.
...Download file to see next pagesRead More
Cite this document
(“Globalization is a Result of Neoliberal Polices Essay”, n.d.)
Retrieved de https://studentshare.org/business/1396306-globalization-is-a-result-of-neoliberal-polices
(Globalization Is a Result of Neoliberal Polices Essay)
“Globalization Is a Result of Neoliberal Polices Essay”, n.d. https://studentshare.org/business/1396306-globalization-is-a-result-of-neoliberal-polices.
This proliferation of the concept into the system took place in different ways- under the strict dictatorship environment in Chile, implemented as the namely structural adjustment in compliance with the Washington Consensus, imposed alongside the conservative policies in the U.S.
In the post war Europe, the state assumed the central role meeting the needs of the society from cradle to tomb, including health and employment. The European welfare state model is much praised sametime criticised from round the corners. But, the nature of welfare state changes from country to country.
Thus, cultural globalization is the exchange of cultural elements and concepts among various regions. This occurs both through outflows of cultural products and norms, as well as inflows and incorporation of the cultural aspects of other regions. Globalization includes the local and regional adaptations to these flows, as well as resistances against adopting them.
Globalization is a major cause of child labor as globalization increases employment opportunities in developing nations and to take advantage of these opportunities, parents tend to put their children to work. Child labor is low in cost and thus multinationals promote it in order to decrease their cost of production.
This has led them to misery and crisis. Individuals are there, who without foaming at the mouth cannot utter this term.
The phrase 'Washington Consensus' was initially created in the year 1990 by Williamson. It referred to least common denominator of the policy advice that was being addressed by the Institutions base in Washington to the Latin American countries of the year 1989.
In addition, current healthcare legislation is shaped by a number of interest groups which deeply influence the process of legislation and implementation.
As pointed out earlier, the process of legislation, decision making and implementation of effective Acts/ Laws in USA is a
This has been the outcome of the “federal devolution of policy responsibilities creating opportunities for some provinces to adopt American social policy ideas (McBride & Mcnutt, 2007, p. 177).”
The inference to be made is that neoliberal policy approaches are
As the report declares political situation, economic aspects, and even religious features cannot function within just one precise territory of geographical area. It was possible many decades ago, but today it is something unreal. Living in this world of global links does not really mean being satisfied with the quality of current way of things and possible future outcomes.
6 Pages(1500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Globalization is a Result of Neoliberal Polices for FREE!