Terrorism and Globalization - Assignment Example

Terrorism and Globalization Studies indicate that globalization has for long been impacting technological innovation, foreign direct investment (FDI), growth of trade in services, and several other fields that determine factors that affect technology transfer, formation of global enterprise, and industrial restructuring. Specialization and division of labor due to competition and market expansion is one potential advantage of globalization that bears real implication upon augmented productivity as a consequence of rationalization of production on a global scale (Intriligator, 2003).

While such benefits either maintain or heighten the status of globalization, globalized progress occurs at the cost of the distribution of gains. Where considerable gains are obtained by rich nations or individuals, greater inequalities result, further causing potential conflicts within local settings and abroad. Another probable cost is perceived in the control of national economies which could shift from sovereign governments to other entities, typically leading to extreme nationalism or the rise of fundamentalist political movements (Intriligator).

These ends eventually trigger the emergence of terrorism by an organization or movement that feels the necessity to contradict the direction of globalized trends, especially on the thought that globalization promotes inequality and uneven allocation of the country’s goods, impoverishing minorities.