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Globalization: Impact on Production and Development of Contemporary Education Policy - Essay Example

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There has been increasing concerns over various aspects of globalization. Amongst the recent aspects is the effect of globalization on production and development of contemporary educational policy…
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Globalization: Impact on Production and Development of Contemporary Education Policy
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Download file to see previous pages The following is a discussion evaluating impact of globalization on production and development of contemporary educational policies. Stewart (2000) defines globalization as the process though which cultures of the global sphere are integrated. It is brought about by the interaction of individuals from varying societies and cultures. Investment, information technology and international trade are some of the processes which drive globalization. Through globalization, easier and greater communication between people has been made possible. Globalization affects the human physical well-being, prosperity and economic development, political systems, culture and the environment. Overview of Globalization Globalization is not a very novel term especially throughout the history of mankind. For many years, people and later corporations were buying and selling to other in lands far away, for example through the Silk Road in Central Asia that linked Europe and China in the Middle Ages. In the same way, corporations and people have invested in enterprises located in other nations for centuries (Ball, 1998). Actually, the current globalization wave has features similar to those that were present before World War one broke out in 1914. Technological and policy developments in the past decades have been very significant in increasing investment, migration and cross-border trade to the extent that observers have the belief that the world is in a totally new economic development phase (Tikly, 1999). To illustrate this, the world trade volume has increased by twenty percent since 1950 and from 1997 to 1999; foreign investment flows have nearly doubled to 827 from 468 billion dollars. Differentiating this current globalization wave, Archer (1999) has stated that the current globalization is deeper, cheaper, faster and farther. The current globalization wave has been speeded up by policies that have initiated economies both internationally and domestically. After World War 2 and more so during the previous two decades, most governments have taken up free-market economies which has increased their productive potential vastly and has created many new chances for investment and international trade (Tikly, 1999). Additionally, governments have negotiated reductions in commerce barriers and have established worldwide agreements meant for promoting investment and trade of services and goods (White, 2001). Corporations have utilized the foreign markets new opportunities to construct foreign factories and establish marketing and production arrangements with the foreign partners. Therefore, international financial and industrial business structure can be said to be a defining characteristic of globalization. The other significant catalyst of globalization is technology. Particularly, information technology advances have transformed economic life dramatically (Strange, 2002). Individual technologies have offered many types of individual economic actors (businesses, investors and consumers) new valuable tools for pursuing and identifying economic opportunities (Archer, 1999). This includes quicker and more informed economic trends analyses around the world, easy assets transfer and collaboration with other partners. It is imperative mentioning that globalization is an issue that is deeply controversial. Proponents argue that it allows poor nations to grow economically and improve their living standards (Ball, 2000). Opponents on the other hand claim that the unfettered worldwide free market that has been created has been of benefit to multinational corporations from the Western world as opposed to the common people, local cultures and local enterprises (Tikly, 1999). Resistance to globalization is ...Download file to see next pagesRead More
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