Globalization and the New World Order.
The way of life has changed significantly from any moment in history to the present. This can be proved by changes in economic factors; such as infrastructure, trade, technology, and education…
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This has encouraged entrepreneurs to venture into business opportunities. Compared to the 50s, many economies have grown exponentially. For example, China has been a notable economy rising fast (OECD International Trade Statistics, 2010). The reason behind China’s rocketing economy is its investments in foreign direct investments (FDI). China has continued to make investments in other countries and is currently the leading country in terms of revenue from the foreign direct investments. So has globalization created a new world order? An individual needs to have the meaning of ‘new world order’ to answer the question. New world order generally refers to change in the global trend. New world order summarizes the numerous explanations of common human behavior across the entire world. Globalization has made it possible for people all across the world to communicate and share with each other (James, 2009). The fact that, majority of the people worldwide are affected by globalization, directly or indirectly, make globalization a trend setter or a common factor in the world. Hence to state that globalization has created a new world order makes complete sense. Globalization affects every economy in the world regardless of the economics’ strength and stability. Big economies have invested in other smaller economy. Developing nations have strengthened their economies due to the revenue gotten from international trade. The new world order has also improved on the living standards and lifestyles in the developing countries (James, 2009). One of the fundamental economic factor that globalization, or the new world order, has had a major influence is the creation or jobs. Ranging from countries based investments to multinational corporations; the job opportunities have life easy for ‘the worker’. Question 2; Globalization is Dead? Globalization can be the cultural, economic or social interaction between two or more people from different origins. To date, people travel globally as tourists to other counties. The major attraction in tourism is culture. People love to explore cultures in form of art like; music, paintings, dancing and publications (Norris, 2009). The mode of dressing has made the fashion industry boom to become a multi-billion industry. Artistic ideas continue to be exchanged all over the world. Due to the high levels of technology, one does not need to leave his motherland to experience this cultural interaction. One can simply access the internet and other sources of information media that are available to them. Economically, businesses still strive to find new markets. Both large scaled, and small scaled, businesses have and continue to be created due to the endless interaction of people. Investors from foreign countries invest in a country; hence, improving the individual’s lives. Ideas also borrowed from other countries also become successful ventures. Globalization continues to create business and trade opportunities that help in develop any economy or the livelihood of any person (Keith, 2006). Socially globalization has made changes in the way of life. Some social occasions like sporting events promote the interaction of people from different origin. Olympics have over the years been a prominent sporting event that attracts athletes from all over the world. In some European and Latin countries, street festivals attract millions of tourists. Among the many globalization elements, socially, religion is the most spread among the world population. People have and continue to change their religious belief (Elliott, 2009). This is as a result of the infinite interaction of pe
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It is reflected in the fact that the word “Cosmopolitan” is a composite of Greek words for “order”, “universe” and “citizen”. In fact the idea of global citizenship is older than the concept of nationalism. But the words such as “globalization”, “globalize” and “globalizing” started being commonly used in the 1960’s.
According to the report economic integration of countries has not only resulted into changes in the economy but at the cultural, social, political as well as technological level also. It has been suggested that the socio-political changes occurred as a result of globalization have changed the societies fundamentally.
A recent news article from France (Raim, 2012) notes that the word “civilization” has negative connotations of an implied ethnocentric hierarchy and that the American Right have adopted this word in the so-called “war on terror” with deliberate intention to denigrate Islamic ideology.
According to Glickman (1997), it has already been established that business owners in developing countries are not willing to raise the salaries of their employees in order to meet the living wage (those who have managed to do that have done it
Under the banner of New world order, where the world is given an outlook of a global village, is actually based on utter exploitation, resources capturing and targeting the areas and domains that are there for the general masses, yet being exploited and used by the influential ones.
The 20th century mark a new era in international trade as the globalization movement took off after the Second World War. The globalization movement has interconnected the economies of the over 200 countries around the world. Globalization can be defined as the
Globalization is defined as a process of global economic, political and cultural integration presupposing creation of the unified network market economy, spreading of capitalism across the world and close interaction between the states. Its origins can be
Businesses have managed to expand and grow, reaching many untapped markets in different countries and regions because of these developments.
Globalization, as featured across various discussions, describes the international integration processes
Typically, this prompts fashion managers and merchandising corporation to be alert and effectual in making sure all the trends are accessible for consumers around the world (Adam 25). This augmented growth of the fashion world has increased popularity for designers especially to the youth who influence trends in a great way.
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