As gates are lifted, most of the developed countries have entered into UK to take the advantage of deregulated financial market. The positive trade environment with other countries helped UK to increase the national output Gordon, With the Globalization on rise all over the world the government of Britain has been changing the corporate tax conditions and it has been reforming welfare systems and labor markets Pilger, This has given Britain edge over other markets in which Globalization played a major role.
Some economists argue that Globalization reduces the capability of the governments in developing countries to levy taxes because the corporations started increasing their profitability by reducing the tax payment and by moving their production plants to the countries offering low tax base. Not only the relative tax structures but the proximity of the markets in developing markets also plays a role in determining the flow of capital. Globalization has led to the increase of competitive pressure on British businesses in goods industries.
One may question whether this has helped the common man in purchasing goods and is there any trade-off between inflation and unemployment.
But in recent time cheaper prices for many manufactured goods and international commodities have certainly helped in controlling inflationary pressure. The present scenario of Globalization lays one of its emphases in determining long term economic growth which can be achieved by importance to human capital.
Globalization teaches Britain economy, which has probably lost forever its relative and comparative advantage by manufacturing low value added products, to improve the flexibility of workforce and skills. Until and unless there is substantial improvement in skills, flexibility, and standard of products Britain cannot regain its position of cheaper and quality world class market. Globalization can be referred as a concept of structured process which allows flow of goods, capital, knowledge and technology between individuals of the states from all over the world, resulting in economic convergence, high standards of living and considerable evolutionary changes in political, cultural, biological and economic aspects human race Robertson, It is widely agreed that Globalization paves the way for enhanced integration of national economies into a single global economy through direct foreign investment, international trade and commerce; short term capital flows into the markets and exchange of human resources and technology across nations because of it.
One can also say that human evolution has very much influenced by Globalization as it proliferates cultural production and heavy consumption through movies, music, television, and fashion.
Internet growth has also helped and been helped by Globalization, changing contemporary trends that drive towards the way of single culture, desires, style of living. Some critics generally emphasize that globalization exacerbates unemployment, poverty, social exclusions, capitalism, environment deterioration, social divisions in most of the developing countries like Britain.
All these impacts the youth directly. Dependency between national economies through trade and commerce will lead to an imbalance between nations attempting to dominate others. Thus, free trade which is a product of globalization creates a gap between poor nations and affluent nations. Globalization in developing countries provides possibilities for interactions leading to convergence among people.
It also fuels dispersion of capitalistic practices as more emphasis will be laid on market economy and consumerism which control the dynamics of the market. These issues or realities have a direct effect on younger generation. Generally youth will be in the midst of finding a means or a sense of identity for themselves and this process is altered because of intensification of economic and social relations in the global scenario due to globalization Scholte, Globalization in general lays too much emphasis on consumerism where the families have to maintain a sufficient supply of financial or monetary resources in order to sustain and continue their participation in free market system Dollfus, This enormous need for material and financial resources forces children and parents to engage in the intense income-generating efforts.
In most of the developing countries, young people are being encouraged to provide and spend more time and effort on survival and cash oriented activities in order to get adapted to the rapid pace of the socio-economic living.
The present competitive and rapid growing global economy offers most of the children an escape mechanism from poverty as well as an opportunity for many developing countries to exploit the citizens of their nation who are willing and capable to work since their economic survival mostly relies on world trade and foreign investments.
Globalization is said to be posing disadvantages to children and young people by limiting the public investment especially in social services and benefits Waters, Globalization is meant to advance trade and commerce but not charity which is restricting capability of the governments in developing and poor nations to resort to the minimum levels of welfare endeavours for their states. This kind of lack of attention to public spaces and recreation make children and younger people depend more on technology for their leisure activities and entertainment needs through the means of television, music, movies, video games, and Internet.
They are becoming isolated to their homes or their gadgets and are being deprived of opportunities to experience healthy development. For example, European migrants went the New World — America — in the hope to become rich, while Asian migrants showed their negative relation to America negatively as a colonial country. In addition, the intensive development of industry and the global industrial division of labour in America resulted in large female migration.
Today many social theorists are stating that modern world characterized by rising globalization with the dominant economic system of world capitalism.
It gives priority for transnational corporations and organizations in contrast to the nations, and destroys local traditions and cultures developing a global culture.
Some of them believe that globalization may cause the Westernization of the world Latouche , but others Ferguson consider that it entails the ascendancy of capitalism Kellner. Some theorists state that globalization increases homogeneity, while others believe that it produces heterogeneity and diversity because of increased hybridization.
For many theorists globalization and modernity are similar e. In contrast, postmodernists support diversity, the local, difference, and heterogeneity, and sometimes they note that globalization itself produces multiplicity and hybridity. They argue that with the help of global culture special appropriations and developments are possible in the entire world.
Globalization will create new types of hybrid syntheses of the global and the local, helping to widespread heterogeneity and difference. In turn, Axtmann suggests that global citizenship and accordingly the impact of globalization could lead to a real acceptance of heterogeneity, diversity, and otherness contrasting with globalization that just promotes sameness and homogeneity Kellner.
Globalization is able to produce new forms of imperialist domination in accordance with globality and universality. There is a danger that globalization just disguises a indefatigable Westernization, or Americanization, of the world. However, restoration of ethno-nationalism, tradition, religious fundamentalisms, and other types of resistance to globalization are active to certain degree by a deviation of the homogenization and probably Westernization connected with some globalization forms.
Westernization had a great and a pervasive influence on the world during the past decades. The collapse of imperialism and colonialism over the decades was noticed by the two World Wars of the 20th century, after which many smaller countries, which were created by former colonial authorities primarily European , obtained independence and involved different aspects and features of Western culture and tradition.
After a downfall of the former Soviet Union at the end of the 20th century, many of its component states became the subject for Westernization. It also included privatization of hitherto state-controlled industry. Special attention must paid to the fordism and post fordism movement. Fordism is known as the system of mass production and consumption characteristic of highly developed economies and it existed in the ss.
According to Fordism theory, the combination of mass consumption with mass production is necessary to achieve material advancement and economic growth. The period of ss is characterized by slower growth and rising inequality of income. At that time, the system of production and consumption organization has transformed. That was a second transformation — post fordism — which led to the second rise of economic growth.
Along with process engineering, the second transformation is making transformations not only how we produce things, but also how we live and what we consume accordingly. Reschenthaler and Thompson , pp.
So, globalization must be illustrated as a difficult and multidimensional phenomenon that includes various levels, flows, and conflicts as well as its possible future. A critical theory of globalization deals with the reality of globalization, its authority and influence. However, it also studies different forces of resistance and fight that try to resist to the most destructive sides of globalization or global forces.
For example, the constant issue of local and political fight with complex causes is race, ethnicity, class and nationalist problem. It is well-known that the period from the end of s to the present time is characterized by a rise of traditionalism, nationalism, and religious fundamentalism along with increasing globalization. It is also worth to admit that the resurgence of regional, cultural, and religious differences in the former USSR and Yugoslavia along with intensive tribal conflicts in Africa and in other places allows us to make a suggestion that globalization and homogenization were not so much connected and deep as it was considered by its supporters and critics.
In result, culture has become a new source of conflict and an essential indicator of fight between the local and the global. The other important reason of resistance and struggle is the gender inequality and difference.
At the level of policy, the influence of globalization on women and gender relations is still ignored on the national and international levels. Biological factors such as environmental and climatic changes have also been regarded highly.
Various factors have played important roles in making globalization a success. Effective communication across the world has been a major contributing factor.
Costs of communication have reduced drastically, leading to enhanced communication. This has been facilitated by the growth of information technology since it has enhanced the communication process. Transportation network and immigration links has also been cited to be critical in globalization Ghauri As indicated, globalization has various effects. It has played a major role in the current development in the world.
One of the main areas that globalization has affected greatly is the environment. The environment encompasses living things and non-living things on the surface of the earth. It also comprises of the non-living things that have been put in their place by activities of human beings.
Globalization has affected the environment both positively and negatively. This paper will examine both positive and negative contributions of globalization to economic, social, political, and biotic environment in the world. Globalization has caused increased consumption of different products. This has led to increased production of goods and services in order to satisfy the global market. This has increased the stress on environment, which impacts the cycles of ecology.
Globalization of trade and market has also led to increased transportation of finished goods and raw materials across the world. Fuels used in transportation of these goods have increased the levels of pollution to the environment.
Transportation across the world has also resulted in other environmental predicaments such as the intrusion of landscape and noise pollution. Depletion of non-renewable energy sources such as gasoline has also brought environmental concerns. Aircraft transport, which is an important part of global transportation, usually emits gases, which results in depletion of the protective ozone layer.
This has caused the greenhouse effect, which has brought about negative climatic changes. Plastic, a major pollutant, is an important part of manufacturing. Plastic is commonly used for preserving and packaging goods for export and since it is a non-biodegradable, it forms a large part of environment toxic pollutants Labadi
The Globalization of Nestle - Globalization is the dominant force by which the world has become interconnected significantly as a result of extremely increased trade and decreased cultural differences.
Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. .
Essay globalization 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regionaleconomies integrate through a worldwide network of political ideas throughtransportation, communication, and trade. Mar 17, · Research Paper on Globalization The process of globalization has defined the development of the world economy during the last couple of decades. Basically, this process affects the world at the present moment as well and, what is more, the impact of globalization steadily grows stronger.
Globalization is a process and this process makes developments in these countries. First of all is the independence of each of developing countries. The development in industry, economy, culture and polity gives solutions to social problems. Over the last century, efforts have been put to bring varioust countries together. Read the whole globalization essay sample and buy similar papers.