StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

New Socio-economic Order and Political Economy Thanks to Globalization, Threat to Globalization - Research Paper Example

Comments (0) Cite this document
Summary
The paper "New Socio-economic Order and Political Economy Thanks to Globalization, Threat to Globalization" higlhights that the myriad drivers of globalization influence growth parameters of societies cutting across national interests and converging knowledge, national borders and people…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
New Socio-economic Order and Political Economy Thanks to Globalization, Threat to Globalization
Read TextPreview

Extract of sample "New Socio-economic Order and Political Economy Thanks to Globalization, Threat to Globalization"

Download file to see previous pages Brawley (200, p.21) asserts that globalization is driven by technology that accelerates the integration of economic forces vis-a-vis market, firm, production and national financial system on a global scale with wider ramifications on the socio-political dynamics of nations across the globe. The multi-dimensional aspects of globalization emphasize new business imperatives that promote a significant shift in the division of labor and acts as a catalyst for new socio-political order. Guttal (2007, p. 524) rightly argues that neoliberal policies facilitate a process of globalization and various factors like fiscal reforms, liberalization of trade, a convergence of knowledge and technology etc., undertaken on national level encourage creation and distribution of wealth across a larger area of political economy. Globalization, therefore, leads to a new global economy and development where benefits cascade down to more people in the world. Change is an inherent part of development and process of globalization emerged gradually from the fundamental compulsions to infuse financial aids to poverty-stricken nations, who were stripped of their wealth by the colonial rulers by the wealthy nations. But the aids were conditional to local reforms and economic liberalization that attracted foreign businesses (Schaeffer, p.8). This gradually led to globalization where emigration and immigration of people were seen as an important part of growth, creating not only wealth but also influencing the socio-economic and political transformation of states. Today, it is intrinsically linked to development and serves as a major tool to advance and promote the interests of people from diverse background across the globe. Hence, it has emerged as a hugely crucial process that impacts the growth of individuals, business and nations and promotes the creation of wealth leading to development. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(New Socio-economic Order and Political Economy Thanks to Research Paper, n.d.)
New Socio-economic Order and Political Economy Thanks to Research Paper. Retrieved from https://studentshare.org/macro-microeconomics/1461805-midterm-essay
(New Socio-Economic Order and Political Economy Thanks to Research Paper)
New Socio-Economic Order and Political Economy Thanks to Research Paper. https://studentshare.org/macro-microeconomics/1461805-midterm-essay.
“New Socio-Economic Order and Political Economy Thanks to Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1461805-midterm-essay.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF New Socio-economic Order and Political Economy Thanks to Globalization, Threat to Globalization

The Economic Impact of the Emergence of China and India

The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in...
10 Pages(2500 words)Assignment

Threat of Gambling Addiction

Any studies on the relationship must reference the definition when making comparisons and judgments. When talking about addiction it is often assumed that a substance is involved, as in alcohol or drugs or nicotine. A particular substance creates addiction. Some concrete entity is responsible for a person’s uncontrollable need to perform destructive behavior.
This is precisely why it is sometimes controversial to include gambling into the category of addiction. No outside substance has been introduced into the system of the person who compulsively wagers money he or she can not afford a chance outcome. Something else propels it. Anyone who has ever known a compulsive gambler will say that person seems “addicted&rd...
7 Pages(1750 words)Coursework

The Globalization Policies in Different Countries

Most of the countries are still confused about the extent up to which foreign participation can be allowed. Everybody has the opinion that international trade can help the development of the economy and infrastructure in a country. Critiques of foreign participation argue that the big foreign retailers will exploit the wealth of a country and the small scale industries of a country will be destroyed by allowing the entry of foreign business tycoons and MNC’s. It is interesting to analyze the pros and cons of international trade.
From the above light green curve, it is clear that international trade has increased gradually from 1994 till 1997. In 1998 through international trade in this region had decreased a bit, it aga...
6 Pages(1500 words)Coursework

The French New Wave

... later became the New Wave film makers, who gave the authorship of cinema back to the film director by formulating the auteur theory. Film in spite of being a seemingly collaborative art, is the art of the director. It is his creative product, his baby. Not only that, the whole body of work of a director, meaning his whole films will have a stamp of his authorship, according to the auteur theory. Jims Kitses explains the theory thus : “The term describes a basic principle and a method , no more and no less: the idea of personal authorship in the cinema and –of key importance-the concomitant responsibility to honor all of the directors works by systematic examination in order to trace characteristic themes , structures and formal qualities...
8 Pages(2000 words)Essay

Globalization and Protectionism in Our Century

... thoroughgoing adherence, in rhetoric if not in practice, to the virtues of a market economy, and, by extension, a market-oriented society. While some neo-liberals appear to assume that one can construct any kind of ‘society’ on any kind of economy, the position taken here is that the economy, the state and civil society are, in fact, inextricably interrelated (Coburn 2000). How did neoliberalism, the dominant political and economic ideology of the West since the Reagan years make inroads around the world and into the formerly Communist countries of Eastern Europe? The Second World, consisting of the global Communist community during the Cold War, was severely undermined by economic and political crises which began in the late 1960s...
6 Pages(1500 words)Case Study

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages(2000 words)Coursework

Globalization and World Economic Forum at Davos 2010

The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment, and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and academia. Some markets are highly globalized, while some are not. The scale of market globalization is determined by the extent of globalization of customers, customer needs, distribution channels and marketing strategies of the players in the industry (Stonehouse et al, 2004).

The phenomenon of globalization of markets has resulted in both advantages and disadvantages. It has resulted in the convergence in the requirement of features in a product and augmentation of the intensity of B2B and B2C communica...
7 Pages(1750 words)Coursework

Comparing the Brave New World and Todays World

... survival of the fittest. Even the great Karl Marx was himself confused and there are many loopholes and errors in his theories. In particular, he did not understand fully what capitalism is about because it was something entirely new for everybody at that time. It was the first time such a political and economic system came into practice after feudalism. The Metamorphosis is a story about family, fatherhood, wise men, tired men, the work of drudgery, exploitation and insects. Gregors father is the real insect in the story, living off on his sons efforts by borrowing money from the Chief Clerk and therefore a social parasite and perhaps no better than the same capitalists who grew fat from the work done by masses of laborers toiling under...
8 Pages(2000 words)Term Paper

American Political Communications

...Political communication: Today, voters no longer make decisions based only on personal opinion but view most issues through the eyes and ears of the media. Most options arise from interpretation of the symbols obtained from mass media. Political advertising is a prominent media for reaching voters. Political advertisements aim at increasing issue knowledge, influencing perceptions of the candidate’s character, altering attitudes and affecting candidate preference. In most political advertisements, politicians essentially promote themselves, their thoughts, beliefs, values, image and political propaganda. These advertisements can have a rather persuasive influence on voters. Political ads can convey both positive and negative feelings...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic New Socio-economic Order and Political Economy Thanks to Globalization, Threat to Globalization for FREE!

Contact Us