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Globalization - Essay Example

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A recent BBC news article entitled, “Germany cancels Verizon contract over snooping fear” underscores the global connectivity of the power of globalization. The article itself references the recent NSA snooping scandal and goes on to relate the reaction that the German…
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A recent BBC news article en d, “Germany cancels Verizon contract over snooping fear” underscores the global connectivity of the power of globalization. The article itself references the recent NSA snooping scandal and goes on to relate the reaction that the German Parliament has had with refusing access to the German market to Verizon; a leading US mobile telecommunications giant. Alongside the parliament’s decision, a discussion of the fact that a relatively US friendly Angela Merkel stands in sharp contrast to the public opinion that is exhibited throughout Germany; one in which personal privacy and the belief in national sovereignty trumps any mutual or shared interests that the United States or Angela Merkel might seek to promote.
The article itself is indicative of the power and impact of globalization for a number of reasons. Firstly, it underscores the ramifications that governmental actions can have on business and/or profitability that a multi-national company can hope to achieve. Secondly, it underscores the way in which the growth of a reputable and well known US telecommunications giant can eventually create a situation in which international pressure and disagreement, some might even argue illegal actions, create a situation in which the entire business model falls in jeopardy. Although the reader might assume that the NSA snooping scandal is somehow separate from the issue of international business or globalization, the fact of the matter is that it is not; instead, the NSA was using these snooping practices to gain a strategic advantage over German firms and not necessarily as a means of stopping or intercepting terrorists.
Reference
Myers, G. (2014, June 27). BBC News - Germany cancels Verizon contract over snooping fear. Retrieved from http://www.bbc.com/news/business-28047877 Read More
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