The Effect of Globalization on Japan and Egypt

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The Effect of Globalization on Egypt and Japan Patricia James Western Governors University Abstract If you look up the word globalization, there are many different descriptions. Some depict the spread of communication, investments and technology. Others portray change in society, environment, political and financial systems, and even the wellbeing of humans. The focus of this paper is how globalization and modernization resulted in Egypt and Japan’s economic and social changes. The Effect of Globalization on Egypt and Japan Egypt’s Transformation Two events in Egypt’s history portray how globalization impacted the Egyptian society. The first was when the former President Gamal Abdel Nassar led the fight and freed Egypt from Britain’s 100 year rule, thus changing Egypt from a colony to an independent nation. Under Nassar’s reign as president from 1956-1970, Egypt's economy flourished. It was at the beginning of Nassar’s time in power that he turned to the United States, Soviet Union and Europe for help with political values and institutional models, such as secular schools, business law and western-style parliamentary government (Schneider & Silverman, 2003, p. 193). After Nassar’s death, the succeeding Egyptian presidents vigorously pursued foreign trade and industry greatly increasing the Gross Domestic Product (GDP). [Data supports this jump in economy bearing in mind in 1962 Egypt had a GDP of 4.00 US Billion dollars reaching an all time high of 257.29 US Billion dollars in 2012] (Trading Economics website, n.d.). Unfortunately, even with the large increase in GDP, Egypt still had economic problems and its people rebelled. The majority of Egyptians were unemployed. Food prices coupled with a decrease in foreign investments and tourism sent people to the streets to rebel against the ruling party, hoping to change their future. On

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