Globalization is an inescapable phenomenon that affects us all on a global scale. Globalization 101 defines the term as a “process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology (Globalization 101).” Another definition provided in Week five video’s lecture is that of Noam Chomsky which states that “globalization in its neutral form is international integration (Chomsky).” In light of this definitions, we are asked this week to decide whether globalization is a deliberate ideological project of economic liberalization spearheaded by the powerful with agency, or simply a natural process that has created its own structure and influence? After reviewing this week’s reading materials, my initial inclination is that globalization is a process, and above all, the result of an evolutionary journey that integrates global pattern, trends, cultural norms that have transpired over time leading to the thriving dominant globalized nexus we now see today. Thus, by positioning globalization in a historical context, it becomes evident that globalization is not a recent trend but is a continuous attempt of integration, facilitated by international trade, the advancement of technology driven by the goal of economic prosperity for everyone. In my opinion, it is this evolutionary journey that precisely and inexorably makes globalization a seemingly natural process.
Capitalism and the Government Liberalism is the belief in an individual’s rights and freedoms. A constant struggle exists throughout the world to acquire the perfect amount of liberalism in a society. The source states, “society achieves its finest expression through the self-interest and freedom of individuals,” portraying a capitalist government. Supporting Adam Smith’s idea of the invisible hand, capitalists believe that the economy is self-regulating and can move itself out of recession and inflation, eliminating the need for government help. When the government is involved, a nation can reach its full potential, but without government control, societies are destined for corruption.
John D. Rockefeller used his political and legal power, brought on by his great wealth, to increase his monopoly, buying out small companies to decrease competition, and forcing railroads to favor his corporation. As a consequence of these actions, the government sought to rein in his power by enacting the Sherman Antitrust Act, forever changing the laws by which corporations comply. Standard Oil not only encouraged more railroads being built near production factories, but the entire oil industry has had signiﬁcant impact on our environment. According to the text “Standard Oil Trust and its successor companies have contributed between 4.7 and 5.2 percent of worldwide carbon dioxide emissions.” By the widespread use of high-quality kerosene brought on by Rockefeller, population’s entire lifestyles forever changed, too. People were free to enjoy activities after sundown, work into the night, and be increasingly productive.
The importing industry can increase its output only by attracting more resources from the export industry. 3. Equalization of Costs Argument "We need to neutralize any advantage the foreign producers may have over the domestic producers, in lower taxes, or cheap labor." "We need to equalize the costs of production between foreign and domestic producers." In this way, we level the playing field.
Sideline View: Liberal Economies, Democracies, and Markets “A Liberal society is endemically restless.” This is an extremely broad statement but, placed within the context of Martin Wolf’s conceptual analysis of Globalization; it is the foundation of liberal economic thinking. This type of thinking, Wolf argues, is responsible for establishing a practical, rational, and free society (Wolf, p.25). These characteristics of Western culture enabled colonial dominance throughout the non-European world, fueled industrialization, and heavily contributed to the modern scientific innovations (Wolf, p.25). In order to fully grasp the complexity of not only his argument but, the situation as a whole; one must be willing to unpack all preconceived notions of significant historical events and their pertaining discourses. It is necessary to go outside the commonsensical box of accepted socially engineered thinking to reconstruct an ideology that reflects a well-cultured thinking process.
The west has forced the world to organize themselves into nation-states. Boff then goes on to say that there are three factors that have made globalization into a reality that can’t be ignored; the communication process, the threat of nuclear destruction, and concern about the ecology of the earth. This process of globalization is attacking nature, with the industrial development by the human race we have used much of non-renewable resources and caused a gigantic deterioration in the quality of life for all life forms. Liberation theology has asked where do the poor fit into the globalization process? From an economic point of view globalization only responds to the needs of capital, whereby the acquisition of profit and maximizing income are
Module 6 Written Assignment– Is Globalization Good for Society? Rasmussen College Globalization has taken on a new meaning in the past thirty years thanks to advancements in technology. The ease of passing information through the internet, or transporting of goods through shipping containers has made globalization more of a reality today than it has been in the past. It has become so much of a reality that it is one of the biggest ways business is conducted today. Adam Smith can be considered the first name in economics by his views on globalization and his thoughts detailed in his book The Wealth of Nations.
Dr. Ramesh Mishra (1999) states that “Globalization refers to a process through which national economies are becoming more open and thus more subject to super national economic influences and less amenable to national control.” Globalization brings both benefits and problems for all. It affects communities and individuals and can both enhance and limit freedom and human rights. We are all global citizens, meaning we are connected in some way around the world. Not all the food, furniture and our other needs and wants are produced in S.V.G; they come from all
The utmost definition is that it is the process a given society or culture is introduced into the modern world system through various ways. This is usually a result of globalization by a dominating stratum. According to Tomlinson (2004), the term has no exact definition, but he defines it as the use of both economic and political power to exalt and spread the habits and values of a different foreign culture at the expense of a native culture. John Tomlinson, the author of the book and topic entitled "Cultural Imperialism," is one of the prominent theorists of cultural imperialism. In this significant topic, John Tomlinson deals with several issues that range from the ideological impacts of imported cultural stuff, to the cultural homogenization process, and also to the cultural autonomy nature.
Sowell quotes the New York Times, saying “Can’t a retail behemoth pay more?” and goes on to ask “why should any of us pay more than we have to?”. It is not a matter of if a company has to pay more to its workers, it is a matter of should it, and even though Sowell himself doesn‘t remember signing a “social contract“, it indeed does exist. While not extending to specific wages, it should, mostly because of the heavy tax burden low wage workers put on the government, costing tax payers more in the long run. Sowell’s next argument is that the workers, to get out of this environment, should simply “upgrade their skills“, which in theory sounds legitimate, but being in that sort of situation, how or when do you find time to actually upgrade them? He believes that in a free market, the workers use these low wage jobs as stepping stones, when in reality, the companies are walking all over the low