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The Emergence of Globalization - Research Paper Example

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The emergence of globalization Name: Institution: The emergence of globalization Globalization can be defined as the process of international incorporation (Murray, 2006). For instance, the Silk Road, which connects Asia, Europe and Africa, is an excellent example of the transformative power of global exchange (Brook, 2008)…
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The Emergence of Globalization

Download file to see previous pages... As defined above, globalization is an elimination of trade barriers, communication and cultural exchange limitations (Murray, 2006). The emergence of globalization was introduced to promote inherent wealth among all countries in the world. The United States has notably been identified as the leader in globalization after the World War II. In 1993, they introduced the North American Free Trade Agreement (NAFTA) which was a movement aimed at eliminating trade boundaries and promoting globalization (Brook, 2008). In the 19th century, most countries started investing in new forms of transport and communication services. Additionally, there were other transport systems such as road and air transport and communication forms such as the introduction of the internet and the cell phone (Murray, 2006). With the invention of these advanced forms of transport and communication, billions of people were connected globally. In 2000, the International Monetary Fund acknowledged four fundamental aspects of globalization (Brook, 2008). These aspects include trade and transactions, capital and investment movements, migration and dissemination of knowledge. Early in the 21st century, the developing states augmented their global trade share. However, there was a vast disparity among the major regions in the world in regard to trade and other transactions. Also, the movement of people to different places in the world had a significant impact on the globalization factor. In most cases, it was noted that individuals migrated from their countries to other regions where the economy was advanced. In addition, dissemination of information is also an integral aspect in globalization (Brook, 2008). Technological innovations formed significant benefits to the least developing countries in the world. Lastly, the aspect of investment and capital movements still remains significant in globalization. Most of the corporations which are located in the United States have moved their services to other countries where it is cheap to perform their business. Additionally, other technical jobs and services are also moving to other locations. This is referred to as off shoring and outsourcing. Therefore, this has enabled most Americans to become designers and innovators among other careers, which employ new concepts and technologies. Research clearly asserts that, the education standards in the United States are drastically regressing. Subjects such as intelligent design are being taught in many institutions. Even with the higher education provided in the country, most of the technical subjects are being studied in other countries (Murray, 2006). The former president of the United States; George W. Bush claimed that they should not be against globalization. However, it is observed that the country is significantly falling behind when competing economically in the global market (Brook, 2008). As a matter of fact, something should be done before more Americans leave the country for better opportunities in other countries. The economy of the United States is temporarily stagnant as a result of these effects. In the globalization aspect, there are both positive and negative impacts. Most of the benefits of globalization correspond to the less developed countries since; through globalization the less developed countries are able to improve their economic conditions. In the United ...Download file to see next pagesRead More
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