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

Foundation of scholarship - Essay Example

Comments (0) Cite this document
Summary
Kenichi Ohmae's book, The End of the Nation-State, represents a solid attempt to profoundly analyze the relationship between the economic globalization and political developments observed in the modern world. The core idea of the book is that states formed on the national and ethnic principles have turned obsolete and irrelevant…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Foundation of scholarship
Read TextPreview

Extract of sample "Foundation of scholarship"

The End of Nation the Rise of Regional Economies: Book Review 2007 The End of Nation the Rise of Regional Economies: Book Review
Kenichi Ohmae's book, The End of the Nation-State, represents a solid attempt to profoundly analyze the relationship between the economic globalization and political developments observed in the modern world. The core idea of the book is that states formed on the national and ethnic principles have turned obsolete and irrelevant. In particular, Ohmae contends that nation states have already lost the ability to protect their national currencies and their contribution to the real economic activity is almost non-existent. In the author's opinion, this major move means the beginning of history for majority of the world's population when "larger numbers of people from more points on the globe than ever before have aggressively come forward to participate in history" (p. 1)" and the end of nation states.
The Cartographic Illusion and the Ladder of Development
Since the time of their emergence national states have always been among the key participants in the world economy. However, the time when nation states were highly effective in creation of wealth is over, and nation states of this epoch have turned into simple mechanisms of wealth distribution. The function of wealth creation has shifted toward and distributed among four forces, namely: investment, corporations, consumers, and information technology. Ohmae does a really great job explaining capital and organizational benefit from the advanced modern instruments of communication thus facilitating international transaction and how modern type of consumers affects the flow of goods and services.
"National Interest" as a Declining Industry
As a result, investments have ceased to be domestically driven and become so profit driven, that even the nation states increasingly invest abroad these days instead of reinforcing their domestic potential. Similarly, industries and corporations also do not perceive the state interests as the primary guideline in their operations and become increasingly involved in transnational activities. Modern consumers enjoy increasingly strong control over governmental decisions which influence economic system of the country. Such developments have led Ohmae to believe that the nation state is being gradually replaced by global democracy of consumerism. The most distinct feature of the new system is that political demands are determined by what people buy, and not their interests as a nation.
The Emergence of Region States
Although the nation states refuse to accept the change which greatly diminishes their role in the modern world Ohmae argues that such refusal is futile: the transformation is irreversible. Thus, Ohmae points at formation of economic zones which form the so-called natural business units. This process occurs throughout the world and leads to actual and noticeable improvements in the quality of life. The author calls such formations 'region states' as opposed to nation states and argues that they gradually overtake one major function previously carried out by the nation states: generate real economic activity and improve welfare of citizens. Profit and economic interests are primary for these region states while the national aspects are secondary at best. Therefore, Ohmae's main conclusion is that formation of region states will lead to grave transformation of the globalization process logic, redefine the traditional practices of corporations' operations and continue to diminish the role of nation states in economic life.
Critical Reflection
Since the book touches upon arguably the most controversial and complex phenomenon of modernity - globalization - the attitude toward Ohmae's hypothesis may be absolutely different. Evidently, the author is a bright representative of the pro-globalist camp, and his views on globalization are too radical. Consequently, the initial hypothesis he draws upon that globalization improves welfare and stimulates economic growth is only a hypothesis with many evidences showing the contrary (Stieglitz 2002).
The emergence of regional economic blocs Ohmae claims to replace the nation states as the key players in global economy is another questionable phenomenon which allows for at least two opinions. On the one hand, the developments of the early 1990s have demonstrated validity of the author's assessments and forecast. Thus, during only four years from 1990 to 1994, the GATT (WAT predecessor) was informed about 33 regional arrangements. Such surge in regional trading arrangement over the 1990s is a striking contrast the post-war decades when regional blocs had been less numerous and less successful as contemporary ones (Frankel 1997).
However, the very idea of regional economic blocs openly contradicts the liberal nature of economic globalization. Globalization relies on the concept of liberal economy and open markets while regional blocs are founded on the policies of protectionism, and despite Ohmae's claims often coincide with political boundaries of nation states. Relatively high costs and some other disadvantages associated with protectionist policies forced many states (for example, in East Asia) reduce the barriers, support industrialization and adopt a more liberal model of economic development. By contrast, other states (mostly African and Latin American) preferred to form regional trading blocs instead of opening their economies. As a result, there were approximately sixteen different regional trading schemes in the developing world in the beginning of the 1990s (Michalak and Gibb 1997).
The most essential observation in this regard is that these blocs were formed by developing countries to protect their economies from the liberal world trade, and not, as Ohmae argues, to enjoy the benefits of economic globalization. Moreover, such blocs became a serious obstacle on the way toward further development of this trade and formation of the global market. Ironically, the free trade notion which is the main driving force of globalization has led to a new economic division in the world into several major blocks. Nowadays, a significant increase in trade is observed within regional blocs rather than across them (Chortareas and Pelagidis 2004). Evidently, this tendency poses a serious threat to further globalization of the world due to protectionism which is naturally involved in the regional economic blocking.
However, in any case Ohmae offers the reader truly masterful analysis which clearly revealed the processes within the global economy. Although many assumptions and conclusions expressed by the author are questionable to say the least the reader must consider the historic context when the book was published: it was almost impossible twelve years ago to produce a flawless account of such complex economic and political processes. Overall, the book provides information and data that can facilitate understanding of the national economies and the logic of globalization processes.
References
Chortareas, G. E. and Pelagidis, T. 2004, 'Trade flows: a facet of regionalism or globalisation' Cambridge Journal of Economics, Vol. 28, No. 2, pp. 253-271.
Frankel, J. 1997, Regional Trading Blocs in the World Economic System, Peter G. Peterson Institute for International Economics.
Michalak, W. and Gibb, R. 1997, 'Trading Blocs and Multilateralism in the World Economy', Annals of the Association of American Geographers, Vol. 87, No. 2, pp. 264-279.
Ohmae, K. 1995, The End of the Nation State: The Rise of Regional Economies, New York: The Free Press.
Stieglitz, J. 2002, Globalization and its discontents, New York: Norton. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Foundation of scholarship Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Foundation of scholarship Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1504256-foundation-of-scholarship
(Foundation of Scholarship Essay Example | Topics and Well Written Essays - 500 Words)
Foundation of Scholarship Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1504256-foundation-of-scholarship.
“Foundation of Scholarship Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1504256-foundation-of-scholarship.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Foundation of scholarship

Scholarship

... at a disadvantage in school. We cannot afford to buy new school clothes and shoes and I am quite often wearing old and worn clothes and shoes to school and this makes me self-conscious, particularly when other school children are dressed smartly. We cannot afford a computer which puts me at a greater disadvantage. Quite often I have assignments that require the use of a computer. Although I can use the library’s computer, I can ill afford the time. Without bus fare, I have to walk home from school and using the library would cause serious delays. I quite often feel so despaired that I fear I might have a breakdown. I believe that a scholarship would greatly reduce some of the financial burdens on my family and would put my family...
6 Pages(1500 words)Essay

Scholarship

...? 16 March Scholarship Motivation Essay: I have maintained a strong academic career in all of my school years. I am extremely motivated to undergo the course of Radiography Diagnostic Imagery because of my special interest and aptitude in this field. Building my career in this field, I shall be able to make best use of my natural capabilities because the field accords with my interests. Therefore, I am quite confident that I am the best candidate for this scholarship. Traveling and tourism is one of my hobbies. I love exploring new cultures and studying their ways which I am unaware of. To date, I have been to various countries and have frequently had interaction with culturally diverse people from different parts of the world. I love...
4 Pages(1000 words)Essay

Scholarship

...For as long as I can remember, I have always wanted to achieve the best in my chosen field of............. And coupled with it has been an assurance that my dreams would become real in the united States, the land of the free, where each person has the right to pursue his or her own ambitions. But when I first arrived here, baggage in hand, and moved to Omaha, Nebraska, I felt like an alien. I did not fit in, and felt totally lost and out of place. The language barrier was steep. I felt like I would never be able to overcome it and reach across to the people in this new country. America was totally unfamiliar, and at each step I came up against something or the other I knew nothing about. I had much to learn and no one... as long as I can ...
2 Pages(500 words)Essay

Scholarship

...Scholarship Being raised up at Maypearl, which is a small rural community, I have worked with Hereford cattle since I was 9 years old. In May 2009 I graduated from Maypearl Texas and was amongst the top 10% in the list, due to which I was considered a distinguished graduate. I am currently enrolled in dual credit class in honor program with a GPA of 3.5. At present I am working as an intern in Rainbow cattle services in Texas where my responsibilities include feeding and watering cattle's and maintaining proper appearance of cattle's by washing and clipping them. As a painter I am hired at Stripe Rite in Texas. Based on my knowledge I understand that the global forces are affecting the agricultural environment today. My goal is to help...
1 Pages(250 words)Admission/Application Essay

Scholarship

...Personal ment Education is a factor which differentiates between the es of people in my view. Struggling for education has always been my goal as I leave no stone unturned when I get a chance to learn. Plato described education in the following strong words “If a man neglects education, he walks lame to the end of his life”. From the very early stages of my life I already knew what I wanted to become in life. In my school days I struggled hard to get good grades. I am an African American belonging to a lower class family who is struggling to live for a better future. My mother was a nurse and the sole earning member in our family when one day she finally had an abnormal growth on her spine because of which she was disabled... ment Education...
2 Pages(500 words)Essay

Scholarship

...Solbridge International School of Business Master of Business Administration (MBA) 2nd year, 3rd semester ID: 05046 Scholarship: to be or not to be My Dear Solbridge International School of Business! I want to thank you for my knowledge and skills I gained while studying there. Every morning I wake up at 6:00 to think about my future lectures and preparing for them. Every night I go to sleep at 12:00 thinking about ideas my wise lecturers gifted to me. I keep my luggage of knowledge as the most valuable asset and I try to take care of it daily and nightly. I feel strength of my creative potential, an aspiration of my scientific and research skills and they help me to move on in my challenging student years. A thorny path of knowledge...
2 Pages(500 words)Scholarship Essay

Application for Scholarship of Thomas James, and Lynnie Rice Neal Scholarship Foundation

Scholarship Essay I think of myself as 29 year old going on 40 due to the experiences that I have in my life. I grew up in a family that had tight finances and could barely afford to help me pay for my first few semesters of college. Times were so hard for us as a family that I had to drop out of college in order to work full-time and help the family. That was when my life started to go downhill.
Just like other people who thought they were living dead-end lives, I eventually married. The result of the union was a divorce and a five year old daughter whom I now have custody of and have to support. To make matters worse, soon after my divorce, I had to move back in with my parents only to have to face a family tragedy. My pare...
1 Pages(250 words)Scholarship Essay

Scholarship

...Part A: JP’s ment Part I As a 16 year old growing up in the Westside, I am confronting many challenges pursuing and completing an education. I am trying to take responsibility for my decisions and my future and at the same time I am trying to resist the negative influences associated with peer pressure. My parents expect have permitted me to have a car and expect me to take full responsibility for my car and to continue with my education. However, my parents are having financial difficulties and I try to reduce the financial burden by taking on work to maintain my own car. Therefore my family and I would benefit from a scholarship as it would free my parents of additional concerns and financial responsibilities, making it easier for them...
2 Pages(500 words)Essay

Scholarship

Why did you choose nursing as a profession? Nursing can be defined as the ability of a person to prevent injuries and illness. Nursing also includes mitigation of the suffering through the treatment and diagnosis of the human responses in the care of the individuals, family, population and communities. Nursing is a noble career option to choose. It is a career that allows a person to help people and save the lives of the people. Nursing also provides an opportunity to provide comfort to the people who need it the most. The nursing career is quite gratifying as well as rewarding. A nurse provides the opportunity to help others and bring differences in their lives. Nurses often work with patients on one-on-one basis and assist the p...
2 Pages(500 words)Essay

Social impact scholarship (MBA Scholarship)

...Social Impact scholarship (MBA Scholarship) Term paper 527 Words Intro Given adequate funding, how would you tackle the social, political, or environmental challenges you feel most passionate about? With enough funding, I would tackle environmental challenges I feel most passionate about by first carrying out studies and surveys. The challenge program would entail concentrating on the studies every semester to acquire a range of skills and practices tackling environmental issues like e-waste, deforestation, and global warming. These skills and practices would also require the effort of legislative programs. With the help of the school’s administration, these studies would aim at offering environment students experience in dealing...
2 Pages(500 words)Essay

Foundation from the Black-Scholes Model

Currently, simple instruments of shares and commodities traded at today’s price are considered ‘vanilla’ trading compared to future derivative products, also known as Options.
These are generally defined as a "contract between two parties in which one party has the right but not the obligation to do something, usually to buy or sell some underlying asset". In 1973, the tandem team of Fischer Black and Myron Scholes had written the first draft of a paper that outlined an analytic model that would determine the fair market value for European type call options on non-payout assets. Basically, the fundamental insight from the Black and Scholes model comes out to be that the call option is always given a pr...
6 Pages(1500 words)Term Paper

American Ballet Foundation

She aimed to idealize abstractly the emotions induced by the music that was her motivating force” (“Modern Dance”, 2003). Fuller used dance to explore the movements of natural processes such as the growth of a flower, the flight of a butterfly or the waver of a flame, integrating stage lighting and costuming to create unusual illusory effects that enhanced her work. St. Denis worked to evoke mystical feelings in her audiences by adopting the elaborate costumes and sinuous motions of Asia, India, Egypt and, later, Native Americans. “Each rebelled against the rigid formalism, artifice, and superficiality of classical academic ballet and against the banality of show dancing. Each sought to inspire audiences to...
12 Pages(3000 words)Essay

India Brand Equity Foundation

...India Brand Equity Foundation Introduction Background India is located in Asia and is considered as a regional power in terms of its industrialization and political influence in the Asian Peninsula. India is the tenth industrialized country of the world and has a population of over 1 billion people, the second largest population next only to China. India has the fourth largest economy in the world based on purchasing power parity and has a large skilled and educated manpower base. (National Information Center, 2005). With a consistent growth rate of over 9% per year a 9.2% growth in 2007 and 9.6% in 2006, (National Information Center, 2005) India has the 3rd largest market growth rate and 2nd biggest market in the world. (International...
13 Pages(3250 words)Assignment

Photoshop Foundation

... the capability to edit the code of web page, how web page will look like. Web page editors The webpage editor provides the facility of development and editing the web pages. Here we have diverse types of these editors like that Composer, Netscape, AOLpress, FrontPage Express, etc. Adobe Acrobat pdf files The Acrobat writer generates files with “.pdf” extension; those are the main source of the online information representation. Mostly research papers and educational information on the internet are offered in pdf format. Works Cited Allbut, Jonny. Photoshop Foundation - The Difference between Vector and Bitmap Graphics. 2006. 19 06 2009 . Dunn, Jason R. "Digital Video Compression Explained." (2001). Fulghum, Liz... Questions 1- Multimedia T...
6 Pages(1500 words)Assignment

Religion as the Foundation of Instituting Theocratic Regimes: the Connection Between Religion and Violence

...Introduction The pairing of religion with various institutions did occur in the past and is persistently continuing until today, despite of the unending progression of structural separation in Christian societies. This generally reinforces the despotism of the state and hampers the freedom and liberty of civil society, which sums up the structured religious sector (Haar & Busuttil, 2005). The objective of this paper is to emphasize the possibility of various changes and permutations in structural relationship between religion and other components, thus indicating the extent of the dilemma of finding out the roots of violence. Structural Link between Religion and Violence In the past, religion has been the foundation of instituting...
6 Pages(1500 words)Research Paper

Personal Motivations and Winning Scholarship

...Personal Essays for Winning Scholarship 1. Personal Motivations Being a member of the faculty of (customer’s university/institute), this scholarship is a main objective for acquiring valuable education and training to play pivotal role for community development. Since this scholarship program concentrates on young women researchers, the aspirant can participate significantly in higher education, especially for women in engineering field. In the field of chemical engineering, the drag reduction in turbulent flows by additives, my study proposal for this masters programme, deals greatly with oil and gas industry. Currently, there is a big need of updated and upgraded faculty in the universities of Uzbekistan which can prepare...
7 Pages(1750 words)Scholarship Essay

Historical And Constitutional Foundation Of Civil And Criminal Law

...Historical And Constitutional Foundation Of Civil And Criminal Law Table of Contents Abstract I Introduction II History of Legal Systems A. Ancient Legal Systems B. Athenian Legal System C. Roman Civil Law D. The Common Law of the English III Conclusion Abstract The history of the world’s legal systems began in the ancient civilizations, when courts were constituted of neighboring village people and public opinion almost always sealed the fate of the accused. The Incas, the Aztecs, the Mesopotamian regions had their own distinctive systems of law. Gradually, however, legal systems evolved for the better, with court hierarchies set up, more equitable system of penalties and the refinement of the jury system. It was during the period...
6 Pages(1500 words)Term Paper

Setting's Creative Approach to the Delivery of the Foundation Subjects and Religious Education

...A Critical Evaluation of the Setting’s Creative Approach to the Delivery of the Foundation Subjects and RE with Reference to Current Policy and Practice Introduction The national curriculum sets out the subjects that children should pursue when they enroll in school. The foundation years in education are very important in setting the pupils’ ability to acquire knowledge and nurture their ability in later years. According to Gearon (2002, p. 23), a smooth transition from the early years in school up to secondary years ensures that the child is able to utilize all the skills and knowledge acquired. The current curriculum is subject based and there has been a need to review it for it to focus on the development of the child...
7 Pages(1750 words)Literature review

Directions for the Healthcare Company: Southcentral Foundation

...Southcentral Foundation Southcentral Foundation A brief of the Southcentral Foundation Southcentral Foundation (SCF) is a healthcare organization founded by Cook Inlet Region in 1982. The organization was established with intent to empower Alaska Natives in terms of health and social conditions, cultural uplift, and living standards. Since the foundation of SCF, Alaska Natives have been playing a crucial role in managing, directing, and driving the organization. The innovative leadership of President and CEO Katherine Gottlieb has assisted the SFC to become one of the largest and federally documented tribal health organizations in Alaska. Currently, the organization works to meet the needs of Alaska Natives living in geographical area...
11 Pages(2750 words)Capstone Project

The History and Scholarship of the Novel The Great Gatsby

... related to the novel The Great Gatsby. Information will be collected from all significant angles to know the history and scholarship of the novel The Great Gatsby. This novel is of great significance since it focuses on the topics of idealism, opposition to change and social mayhem. The novel constructs a depiction of the society of the Roaring Twenties, which has been labeled as a deterrent tale concerning the American dream. It unravels the society of the roaring twenties, where the inner emptiness of the rich is condemned. This research will aim to prove that by writing this novel, F. Scott Fitzgerald wanted to show that inner emptiness was a significant issue during the 1920s. He purposefully wrote the novel The Great Gatsby show...
8 Pages(2000 words)Literature review
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 Essay on topic Foundation of scholarship for FREE!

Contact Us