Nobody downloaded yet

Globalisation And Regionalisation - Essay Example

Comments (0) Cite this document
Summary
The paper "Globalisation And Regionalisation" describe what globalization is, irrespective of any and all opinions, a reality. Its diverse effects, beneficial to some countries and harmful to others, is subtlety hinted at in the definition forwarded by Smith and Baylis (2001)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Globalisation And Regionalisation
Read TextPreview

Extract of sample "Globalisation And Regionalisation"

Download file to see previous pages Consequent to the implementation of the neo-liberal economic agenda upon the global economy, implying the removal of barriers to trade and most forms of protectionism, 90% of the global GDP was owned and controlled by just under 20% of the North's citizens, while 20% of the South's citizens controlled and owned under 1% of the global GDP ('Why the World,' 2005). In addition to that, and as Longsworth (1999) reports, the combined wealth of Microsoft's three top executives exceeds the combined wealth of fifty LDCs. Indeed, globalisation has substantially and dangerously expanded the gap between the haves and the have-nots, as evidenced through the fact that the income gap between the fifth of the world's people living in the richest countries and the fifth in the poorest was 30:1 in 1960, 60:1 in 1990,and jumped to 74:1 in 1997 (Indonesia's despair,'2000). Economic statistics establish globalisation as an instrument for the transference of wealth and resources from the South to the north, from the poor to the rich and not, as its proponents have claimed a strategy for the elimination of poverty and underdevelopment.
The means by which globalisation transfers wealth and resources from the have-nots to the haves are, within the context of any discussion on regionalization versus globalisation, extremely informative. Globalisation, as earlier stated, has imposed neo-liberal economic agendas upon national economies, dictating the virtual withdrawal of states from their domestic economies and constraining their powers to exercise protectionism, if only to allow their infant industries the space and time to grow and stabilize. As Schwam-Baird (2003) writes, insofar as both developing and single national economies are concerned, the consequences are potentially...
The United States, both fuelled and fortified by its multinationals has emerged, not only as the world's only superpower but as an unequaled and unmatched force. More importantly, it is a force which is determined to overwhelm and consume other nations. Single economies, irrespective of their individual strength, cannot resist this power/force alone but can as a collectivity. Indeed, they can should they respond through the formation of their own `empire,' a union of nations which, besides being capable of surviving globalization, possibly thriving under it, can emerge as a counterforce to the American empire. Consequently, from this interpretive perspective, not only is regionalization a strategy for survival under, and resistance to, globalization but it is, potentially, a project for the resistance of the American Empire through the recreation of the bipolar world order. In the final analysis, regionalization is, quite incontrovertibly, a counterforce to globalization, with it being quite valid to argue that, as a phenomenon, it rose in direct response to globalization. This should hardly be surprising considering the fact that globalization functions as a very real threat, not only to the economic survival, political independence and national sovereignty of the nations of the South but, to the countries of the North. Regionalisation, as such, emerges as a strategy for the pooling of national resources and unifying for the maximisation of strength and, hence, capacity to resist and survive. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalisation And Regionalisation Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/politics/1501512-globalisation-and-regionalisation
(Globalisation And Regionalisation Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/politics/1501512-globalisation-and-regionalisation.
“Globalisation And Regionalisation Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/politics/1501512-globalisation-and-regionalisation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Globalisation And Regionalisation

Globalisation

...? Globalisation Globalisation As the suggests, globalisation refers to strengthening relationship between organisations, governments and individuals across geographical horizons. The term is generally used to regard economic globalisation. Economic globalisation can be explained as: increasing economic activities across the globe, through distribution of products or services by reducing international trade barriers. International trade barriers are placed by countries for various reasons. Some strong reasons could be to stipulate the use of local products, not compromising taxes, fear of rise in un-employments, pressure in maintaining budgets and dilution...
11 Pages(2750 words)Essay

Globalisation

...? Globalisation Introduction Globalisation contributes to an influential degree of convergence in both business practice and markets. The research delves on describing globalisation. The research delves on effects of the globalisation factors on the stakeholders. Implementing effective marketing strategies in the globalization environment reduces risk management issues. Search: Globalisation convergence business market risk. Globalisation reduces revenue risks Globalisation has leveled the playing field, in terms of generating revenues. Globalisation ushered the unavoidable priority to comply with market...
12 Pages(3000 words)Coursework

Globalisation

...?Introduction The concept of functionalism is used to describe the way in which societies function and change over time, specifically with the development of social and cultural institutions. The concept of functionalism is important in creating an understanding not only of the basic elements of society for belief systems or survival. More important, there is a complete understanding of the social order through the use of functionalism. The attributes within society, such as purposes of groups and overall trends within a society can be explained with the theory of functionalism. However, there is also the understanding that, while it tries to explain the complete social order, it is also based on the majority population... The concept of...
7 Pages(1750 words)Essay

Globalisation

...? (Assignment) Globalisation: Strength and Weaknesses Introduction Globalisation refers to a process by which national economies and cultures are integrated into an international economy so as to enhance international trade, direct foreign investment, migration, and technology sharing. This process facilitates effective circulation of ideas, languages, and cultural ideologies. Nations today tend to liberalise cross-border trade regulations as they realised the significance of increased cross-border trade for international business expansion. The World War I & II were the central points that proposed the idea of globalisation. The World Wars adversely affected national economies. On the...
4 Pages(1000 words)Essay

Nigeria and the Oil Industry

...?Nigeria and the Oil Industry Table of Contents Introduction 3 Trade Theory 3 Participation of Nigerian Oil Industry in International Trade 5 Globalisation and Regionalisation 6 Government Policies and Concerned Parties 6 The Role of International Institutions in the Oil Industry 7 References 9 Introduction Nigeria is known for its natural resources, particularly hydrocarbons. The nation is considered amongst the largest oil producing nations. The economy of the nation is highly dependent on its oil industry. It is observed that this sector contributes maximum amount in the economy of the nation. The paper will study about the changes taking place in the Nigerian oil industry along with the impacts of...
5 Pages(1250 words)Essay

Globalisation

..., "The Cultural Roots of Ethical Conflicts in Global Business", Journal Of Business Ethics, Vol. 116, No. 4, Pp. 689-701. Stephen, M 2011, "Globalisation and Resistance: Struggles Over Common Sense in the Global Political Economy", Review Of International Studies, Vol. 37, No. 1, Pp. 209-228. Tausch, A 2011, "Is Globalization a Driver Of Economic Growth And Social Development?” Society and Economy, Vol. 33, No. 3, Pp. 505-524. Ukrit, A., Arunotai & Doungchan, P 2011, "The Dynamics and Protection of Local Culture Under Globalization On Lanta Island In Southern Thailand", Journal Of Business Case Studies, Vol. 7, No. 5, Pp. 23-27. Meerhaeghe, M 2012, "Globalisation: Concept, Outcome, Future--A Continental...
6 Pages(1500 words)Literature review

Globalisation

...Critically analyse United s of America's experience of globalisation. Go back to at least 1975 and employ a range of economic theories to analyse the country. Since the Industrial Revolution that helped to develop the economies of the West, first on the back of imperial expansion which colonised the rest of the globe including most of Asia, Africa and Latin America, and later in the form of less than equal trade with countries emerging from the colonial yoke, globalisation has been as inevitable a phenomenon as life and death. The failure of the command economies of the East (Russia and China), now replaced by what appear to be Western liberal capitalistic 'free market' economies, has contributed to...
12 Pages(3000 words)Essay

Globalisation

...Introduction – definition of globalization Globalization according to Frankel (2006) means integration through international trade of markets in goods and services, financial integration through international trade in assets, foreign direct investment, international outsourcing of services and international movement of people. Economic globalization is one of the most powerful sources to have shaped the post-war world and the two major drivers behind globalization are reduced costs in transport and communication in the private sector and reduced policy barriers to trade and investment on the part of the public sector. Lee & Tai (2006) too agree that liberal trade policies, incentives, growing foreign direct investment (FDI... – definition of...
6 Pages(1500 words)Essay

Globalisation

...Globalisation Globalisation Introduction: Defining globalisation The term globalisation is used both as a as well as a prescription. In descriptive way, it is used to mean the ‘process of integration into the world economy’ and in its prescriptive way, it is used to mean ‘strategy of development based on rapid integration with the world economy’ (Nayyar, 2006). Hence we are faced with either a process or a strategy, and they are not the same. Trade, investment, finance and labour are the important elements of world economy. Globalisation is the expansion of these economic activities across national boundaries. This would require that the nations concerned should open their markets for international trade, international investment... ,...
4 Pages(1000 words)Essay

Globalisation:

...GLOBALIZATION AND INEQUALITY Introduction The paper will seek to determine whether the increased social and economic inequalities can be attributed to globalization. While globalization has enhanced economic development in many counties, inequality remains a major social phenomenon. The paper will seek to address these inequalities and indicate whether they are caused by globalization. The position of the paper is that despite the discontents of globalization such as unfavourable competition between the local and international firms, there is no direct link with inequality. Statistics from the International Monetary Fund (IMF) indicates that through globalization, GDP of many countries has been on the increase. Globalization has... AND...
12 Pages(3000 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 Essay on topic Globalisation And Regionalisation for FREE!

Contact Us