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Issues in Contemporary Sociology - Essay Example

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 The paper "Issues in Contemporary Sociology" states that there is nothing at all in today's international market segment that buffers the free market against the social strains emanating from high bumpy economic development within and among the world's varied societies…
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Issues in Contemporary Sociology
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Download file to see previous pages The speed of communication and exchange, the complexity and size of the networks involved, and the sheer volume of trade, interaction, and risk involved, include just a few of the goodies of globalization (Stiglitz).
For centuries, globalization has been able to find its way into the daily lives of a big majority of the population of the world consequently affecting them in numerous ways. It has taken the form of trade liberalization, regional unification, and Multi-national Corporations. The most affected by globalization in the society has been the agriculture sector simply because policies governing it have forced the rural population into poverty, unemployment, migration to urban areas, and working without any social security. To date, there have been no appropriate measures taken to curb this effect and as such, seasonal labor mobility, particularly of women and children, has been plummeting.
The twentieth century has witnessed an accelerated process of globalization as one of its main features in the area of world politics and has been touted as one of the most dramatic developments of the period with more than just economic and industrial significance. According to (Stiglitz), the globalisation of free enterprise has been identified as the key element in the changing world order. Based on this, the concept of the nation-state is thus becoming less clear, while at the same time new players such as multinational companies are joining the global arena. These multinational companies are thus direct creations of globalization, a fact which is keeping humanity in doubt whether their sudden mushrooming augurs well with the new global order or whether they are going to turn into mutant monsters to cause major economic disasters (Stiglitz).
From the foregoing, it is evident that there has been a process of globalization in which societies operate within an integrated worldwide system. ...Download file to see next pagesRead More
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