Globalization is a necessary process that the whole globe should embrace. Language globalization, legal globalization, cultural globalization and even economic globalization are some of the dimensions that globalization may be experienced. …
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Scholars believe that it is necessary for these changes to be absorbed but with so much caution. Of late, globalization has become a global issue that involves the transformation of the society in several dimensions. China has undergone massive transformation politically, economically and technically. Political globalization involves the use of common political systems and same political principles in governing1. These factors affect the whole globe and have affected migration, flow of capital, foreign investments, and spread of technological advances. From the understanding that globalization has its roots in China, this paper gives a detailed analysis on the positive impact it has had to the country. Effects of globalization Globalization is a necessary factor in every economy. Technological globalization in china has led to expanded market for its national products. The creation of markets all over the globe earns the country foreign exchange and this helps in developing a country’s welfare. Technological globalization has effected easy, fast and reliable means of communication to individuals allover the globe. Information can reach many individuals in less time and can cover large geographical areas2. It is due to technological globalization that china has been able to invest in manufacturing industry. This has acted as a major factor in contributing growth in the Japan economy. Exportation of manufactured goods like machineries and vehicles generates much capital to an economy compared to exportation of primary good such as food materials and fabrics. Cultural globalization in china has enhanced the spread of different cultures allover the world, and this has bought solidarity despite different skin colour, races, and languages. The togetherness helps reduce on cases of wars and therefore, people can be able to join efforts for development of the whole globe. Globalization has dissolved national geographical boundaries and enhanced communication services for people despite the distance barriers. China has offered jobs to many people allover the world, and this has ensured that there is peaceful co-existence and decline in dependency level. Poverty can contribute to conflicts, and jobs in china give people the ability to cater for their primary needs. It has therefore helped China deal with its greatest challenge on unemployment that has significantly spurred growth of the economy. Globalization has led to improvement in the output of other sectors within the economy. It has improved agricultural production through adaptation of new farming methods. These new methods are more effective and reliable as compared to the traditional methods. China has also improved the quality of their products by use of hybrid varieties that can withstand many environmental challenges like drought. This has made it possible to deal with hunger calamities and therefore, curbing the number of deaths due to hunger3. A healthy nation is also able to produce more and labour becomes easy to acquire. For any society to develop, the citizens collaborate with the government for back up in financing and security issues. Increase in agricultural output has led to exportation of the excess quantities to other states in the globe hence giving china a share in the world trade. National income is likely to rise after exporting its products due to the use of new farming methods that come along with globalization. The new seeds and the new farming techniques spread globally to ensure that the food crisis can be dealt with. This reduces the world’s mortality4. Development of new towns in china is as an effect of globalization. These towns develop to serve as a base for new industries, increased commercial activities and to
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The paper attempts to critically analyze the term globalization from different perspectives and from different views of authors. The paper also discusses the key drivers of globalization over the past 20 years and attempts to analyze different aspects of globalization.
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, Its Significance to Challenges of Development and Key Debates. Globalization and related development were considered as the wave of the future when they first appeared to unite countries into one global economy for the mutual benefits, which presumed global integration and interdependence in the technological, economic, social, cultural, ecological and political spheres.
There are McDonalds in almost all countries and corners of the globe; the products people use are made elsewhere, millions of miles away; people of different nationalities are interacting more with each other through the internet. What used to be millions of miles and plane rides away is now a simple mouse click away.
Corporation such as Cisco Systems, DHL and Bridgestone to name few operate worldwide, Transcending national borders. A prime reason for the change is because of the strong demand arising from customers and business overseas. Companies that want to grow often need to enter international markets.
It also supports new and basic ideas of how to create wealth and markets. Although it has gained much recognition in many countries, it has also been opposed by many international countries. The major concerns of this opposition are caused by the increasing of inequality and environmental degradation.
This essay will broadly look at globalization from every angle. The essay will begin by analyzing why it is necessary in this day and age for countries and organizations to think of globalization, to prepare for globalization and why globalization as we know it today is inevitable and we cannot change the tides of time.
In other words globalization policies were intended for decreasing the gap between; rich and poor, different religious beliefs, different political and social ideologies etc. According to some other scholars, globalization helps poor countries to mobilize their resources
Diplomatic relations between the U.S. and mainland China took a different dimension with the recognition of Beijing as China’s capital and the establishment of diplomatic relations between the two countries in
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