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Emerging Commercial, Technical and Economic World Is Getting out of Control - Research Paper Example

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The paper "Emerging Commercial, Technical and Economic World Is Getting out of Control" discusses that with the ever-increasing uncontrollable and random flow and subsequently use of capital, coming to terms with this emerging slogan of the ‘new world order’ will be ever increasingly problematic…
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Emerging Commercial, Technical and Economic World Is Getting out of Control
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Download file to see previous pages In his book of One World Ready or Not, Greider advocated for some steps that he believed could avert this disaster: change labor practices especially in the developing economies, control the flow of commodities by imposing tariffs as a means of correcting trade deficits, and give chance to labor to share in the capital ownership (Greider 334). He sees multinational corporations as not just looking for cheaper labor but a huge power base. As multinational firms compete for global power and market share, they forget their national mandate of their home country and take no notice of any social obligation will not be profitable in the short term including exploiting and displacing labor. On his book specifically in regards to the statement in page 335; Grieder helps us to visualize the ultimate impact of globalization, and above all to realize that economic globalization is unattainable without a similar revolution in the political, social and even the spiritual dominions (Greider 335). The globalization of business enterprises is a world-shattering force- akin to the sort of revolutions shaped in the past on a nation-by-nation basis by such improvements as the assembly line, steam power, and the proliferation of the combustion engine that is, today, responsible for the world’s total political and social order (Robbins 298). The quintessence of this global revolution is the fact that finance and commerce have jumped importantly above the existing consciousness of people and societies (Hopper 302). Trade has adopted a global outlook, in essence, fast creating a new practical reality for numerous everyone’s life, a new order which has its base in the dynamics not cramped by the traditional social structures. This is a bitter fact that many may wish to shun away from unless one does not live in an industrialized nation.  ...Download file to see next pages Read More
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