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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
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“Globalization: Impact on Production and Development of Contemporary Essay”, n.d. https://studentshare.org/education/1395641-love-what-is-globalisation-and-how-has-it-affected.
The researcher aims to develop a deeper understanding of external influences that can impact a firm’s strategic management on a smaller scale and an industry’s strategic management on a larger scale. The study highlights examples from automobile, construction and telecommunication sectors of the industry.
This is from his book at http://africanliberty.org/pdf/GLOBAL%20CAPITALISM.pdf But the page is xiv, as I stated before. The citation is from introduction. Wolf in “Why Globalization Works” (2005) is even more radical and argues that “the market is the most powerful institution for raising living standards ever invented indeed there are no rivals.
Globalization is seen in much of the world as a double edged sword. There are positive elements of globalization that benefit stakeholders; investing companies can tap new markets and achieve low production costs while host countries can increase employment and investment capital.
Sociologist Anthony Giddens (as cited in Guillen, 2001, p236) also see globalization closing the wide gap between space and time. It is same for geographer David Harvey and political scientist James Mittelman (as cited in Guillen, 2001, p 236). Globalization is spatial and temporal shrinking of the world.
Moreover, there are different military and economic causes which persuaded the world powers to enter into the era of globalization. For instance, soon after the World War II the trade policy of majority countries was
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
No: Qatar lost its traditions and architectural identity, especially when the government appointed the international consultant companies to plan and develop the city following oil discovery in the country.
Even as Qatar has been affected by globalization, Doha has not been
Globalization has also been manifested through organizations of global governance such as the UN and the EU. This paper will seek to establish if globalization has indeed brought about development or resulted in the failure of economies. The paper begins by giving a background of globalization and a deeper understanding of what development is.
The author states that due to globalized nations, there is an improvement in governance strategies, and political harmony leading to preservation of human rights. Evidently, globalization has a myriad of positive impacts within its sphere of practice, leads to an integration of cultures enhancing the establishment of cultural institutions.
According to the report the increasing role of transnational companies, blurring the boundaries between different countries, increasing a number of immigrants have become the essential features of the realities of the modern world. It is a well-known fact that globalization process has both positive as well as negative effects.
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