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Globalization (Extended Analysis) - Essay Example

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Name Surname Supervisor Subject Date Globalization Globalization has changed the ways of people, nations and their rulers greatly in last couple of years. Friedman, Thomas argues that socialism and communism failed miserably across most parts of the world when their proponents tried to put everything under state control in a hope to provide better life to their citizens…
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Globalization (Extended Analysis)

Download file to see previous pages... Moreover, it never realized that state alone could not produce enough of wealth without people participation willingly – not forcefully. Also, it failed to understand that non-efficient or laggards could not be equated with efficient and committed workers in terms of rewards. Capitalism by its very philosophy rewards those who contribute most in the wealth generation. It is also true that communism did thwart the process of globalization at least until 1989 when the entire communist bloc, in principle and practice, collapsed completely across Europe and other parts of the world. It is obvious that when one political system or ideology – especially, when it has generated a great deal of hopes, fails miserably; people begin to look at other political system – ignoring whatever shortcoming it may have and that is what precisely happened. Capitalism bulldozed the old rotten ideas of socialism completely and began spreading its wings across most part of the world. It is perfectly fine to state that capitalism and globalization, in last two decades, went ahead neck to neck. Though the failure of communism is certainly one of the reasons for giving a way to globalization but it is equally true that technology and internet has been instrumental in accelerating the pace of globalization. It is because of the internet that messages get transmitted from one end to another in few seconds without any help from postal or courier services. Due to this, peoples across the world with different cultures, creeds and races have started feeling much closer than ever in the history of mankind. People need not move from one country to another for accomplishment of any task. A capital transfer from one country to another is virtually instantaneous without any inhibitions. Currency markets are now working round-the-clock and capital moves from one country to another just by click of a mouse. The fact remains that, if any country refuses to acknowledge or participate in this process then it is certain to bring misery for its people. All said above, it should never be construed that globalization is a panacea for all evils. Barber correctly argues, “The collapse of state communism has not delivered people to a safe democratic haven” (29). According to Barber, the world is now racing ahead with Jihad and McWorld side by side. He further argues that Jihad and McWorld are not important in themselves; however, their relationship is important because anarchy rules them both. Both lack conscious and collective human control. Barber opposes both Jihad and McWorld equally. While Jihad emerges from narrowly conceived faiths that belie mutual dependence and social cooperation of people for growth and stability, McWorld tends to develop colonizing culture. Barber may be true in acknowledging that jihad is prospering in some parts of the world in last few decades but it is not an outcome of globalization. It is technology that has facilitated them. Further, I do not agree with him that both are interdependent. Globalization has more to do with economic system or free market economy that rests on efficiency of operations and comparative advantages of the nations. The proportion of “Jihadis” is very small compared to the total global population and majority of the world population do not ...Download file to see next pagesRead More
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