Impacts Of Globalisation On The Economy Politics Essay

Impacts Of Globalisation On The Economy Politics Essay Globalization is driven by a combination of economic, technological, socio-cultural, political, and biological factors, integrating worldwide government policies and financial markets through trade and exchange of ideas. Several Factors has fuelled the pace of globalisation; technology, especially communications technology, transportation, deregulation and liberalisation of economic policies, free trade, removal of capital exchange controls, change in consumer awareness and wants and emerging markets in developing countries (MOHAMMED). The world is undergoing a continual transitional process as numerous people, societies, institutions and organisations of varying interests across the globe partake in this expansion. (Mohammed R). Also, whilst economic, social, political and cultural systems across societies become increasingly interdependent and complex, the old world order of managing economies and international relations is being rendered inadequate (Mohamed R). In this transitional flux, the future of the world society appears far from stable (Wallerstein). (i)Economy The ever growing dependence between global economies resulting from international trade of goods, services, finances and technological development paved the way for a global economy. Economic globalisation refers to the continual growth and reciprocated integration of world markets and is an unalterable trend which has been developing at an unprecedented rate since the turn of the twentieth century. Rapid technological development, particularly in areas of information and communication, are the two main forces that have fuelled economic globalisation (Gao). Further the expansion of science and technology has substantially reduced the cost of transportation and communication, making economic globalisation a smoother process (Gao). Centralised economies shifted focus to market economies and market oriented reform through world bodies like GATT, WTO, IMF and World Bank galvanised this process. Many countries have steadily reduced their tariff and other blockades whilst implement flexibl e financial policies (Gao). The development of the financial sector to serve the needs of international trade and investment actions has come to be the most influential aspect of economic globalisation. As the main ambassadors of globalisation, Multinational Corporations (MNC), like McDonald, Coca Cola and Levi amongst others are organising production and allocating resources worldwide with a view to maximising profit. Their global developments are altering and restructuring macro-economic systems across global economies.(Gao) The expansion of economic globalisation also resulted in the reshaping and restructuring of global industrial structures and activities. In recent years, developed western countries and the US, whilst taking advantage of the knowledge economy, have shifted many of their labour intensive industries with poor global competitiveness, to developing countries. Conversely, due to the existence of productivity surplus since the dismantling of the Soviet Union, international competition has intensified amongst enterprises from different countries. In order to leverage their international competitiveness, enterprises are resorting to swift mergers and acquisitions, resulting in a wave of industrial reorganization. Similarly, developed countries, taking advantage of the low wage structure in developing nations, set up factories there. However, if the labour laws are altered or stricter rules introduced to govern the manufacturing process, then these factories are closed down and relocated to o ther countries with more favourable policies.(shanta Sharma). With better access to technology and liberalising of policies, developed countries are capable of producing higher quality goods at lower prices. This gives them the advantage of favourable balance of trade and thus a greater control over global financial resources and wider markets. As the biggest benefactors of economic globalisation, the United States and other Western countries have wielded considerable economic and cultural power by taking advantage of their control over international economic and financial organisations to encourage and determine the development of globalisation.(Wallerstein) Developing countries have been playing a central role in the process of economic globalisation and this is mirrored in the fact that they establish the regulations for international economic exchanges. Whilst the globalisation process has enabled developing economies to strengthen their market position by, initiating better technologies, introducing foreign capital and management experience, they also face enormous risks. Several reports indicate that globalisation has increased rather than reduced the gap between the developed and developing countries. Secondly, these countries also face the threat of being unfavourably impacted by external factors. Under open market situations, the difference between the realisation of outside economic stability and internal economic stability puts a substantial limit on their macro-economies, weakening their control and regulation.(Gao) According to a recent United Nations Development Report (1996), whilst globalisation has been a catalyst in reducing poverty and enhancing the quality of life worldwide, for e.g. since the 1970s significant developments in China and India have played a major role in reduction of world poverty, the fact remains that economic growth is not balanced across the globe.(Shanta Sharma) The world today is so interconnected that the collapse of the subprime mortgage market in the U.S. has led to a global financial crisis and recession on a scale not seen since the Great Depression. Government deregulation and failed regulation of Wall Streets investment banks were important contributors to the crises.(Shanta Sharma) Globalisation in itself cannot bring about an equitable and rational new international economic order and an expansion in which developing countries are unable to evade the boomerang effects of globalisation or fully enjoy its benefits. (Wallerstein). (ii) Social As a consequence of the continual process of globalisation a diverse world in transition is surfacing, with significant de-localisation in social and economic changes (Mohamed R). Its one where change in socio-economic conditions is rendered by impersonal, non-institutional and non-ideological forces. Whilst the last quarter of the twentieth century has seen significant increase in communications, there is considerable decrease in person to person contact (Mohamed R). Many of the activities that involved face to face dealings are now conducted over larger distances. Activities and dealings have been displaced from local origins and cultures increasingly causing people to deal with distant systems. Banking and retailing for instance have implemented new technologies that entail less person to person interaction..(infed globalization) As a social and cultural process, globalization is increasingly exposing people to different ways of thinking, cultural values and family norms. (Jorg Grahm). Globalization is a phenomenon created through human activity and that in turn constantly changes human behavior and activity and has helped shape online communities. This has led to the evolution of new identities for people and a new phase of acculturation; new ideas, new methods of work, life and governance are being shared worldwide. Now more than ever, not only societal, but intra-familial issues are also being influenced by globalization (Jorg Graham). Globalizations most profound effect is on changing gender roles and the empowerment of women. Global proliferation of communication carries ideas and currents across continents, sensitizing people in remote areas to similar agendas and promoting mutual programs, promoting greater social justice and equality. One such example is the global campaign against brand names that exploit child labor. Whilst universal equality was the fundamental social and cultural value of traditional internationalism, contemporary globalizations only commitment is in perfecting the market it turns, including all cultural products into commodities. Whilst selling is universal, production is always local. In a social context, the basic ideology of globalization is not equality, but difference. Globalization unites the markets and divides individuals, as humans can be best used for purposes of global marketing if they act as individual consumers (shanta Sharma). Religion, region, language, caste, nationality and ethnicity are used to dismantle working class solidarities or to prevent them from emerging at the work place or residential communities. (Shanta Sharma). Whilst the current social order pretends to be an active one, increasingly headed towards a growing similarity of living conditions in all countries, it cannot counteract the fact that several thousands are still deprived of the basic ne cessities of a decent life. Racial unrest in Europe today is also a direct result of unrestricted legal and illegal immigration of people of different values, particularly those from North Africa and Asia. Whilst immigration has caused a sense of loss of their identity, they refuse to integrate into the host society to hold on to their allegiances. (Maddock) (iii) Cultural Cultural globalization refers to an increase in the exchange of cultural practices between countries and peoples involving the movement of ideas, information, images and people. Although practiced for thousands of years, economic and political globalization has contributed to a spurt in cultural globalization in recent decades. Giant strides in technology and communications, particularly the internet has been the single most important factor in breaking cultural boundaries across the globe facilitating immediate communication between people of varying lifestyles and cultures.(infed) . Additionally, new technologies and their utilization like commercial air travel, satellite television and mass communications and the internet have created a world where billions now consume and share identical cultural products sports, music, lifestyles, languages, entertainment as not evidenced before, determining a new global culture(Fabian global forum global know- gloablisation). In recent decades, there is a growing shift in power away from the nation state toward multinational corporations with the rise and globalization of brands like Coca Cola and McDonald. Employing a market strategy to establish their brands as an essential part of the way people see themselves they have captured a large global market, particularly the younger generation.(infed). With rapid strides in technology and communication, a new modern wave is emerging from the West and America; something that is defined as a popular culture. This new cultural globalization has easily transcended borders, reaching poor and rich countries alike, making no distinction. In developing countries it can be witnessed in a western style of dressing, use of cellular phones and popular usage of the English language among other things, bring about deep-seated changes in conventional local cultures, values and traditions (Louis de Lamare) Rising as a tributary to economic globalization, cultural globalization is slowly replacing the traditional nation-state and homogenizing cultures and conversely a loss of individual, national and ethnic cultural identities. Whilst cultural globalization can be a profoundly enriching process, opening minds to new ideas, experiences and strengthening the finest universal values of humanity, it also brings intrusions into the local norms, cultures and traditions of individual countries. Many cultures, particularly indigenous people, treasure their culture as their richest heritage, without which they have no roots or soul. Their culture cannot be quantified. (Levin). Many believe that such rampant exposure to foreign culture is undermining their own cultural identity. Whilst capitalism favors a fast paced environment and consumer culture, its a matter of conflict for other socialist societies are used to a different lifestyle and want to preserve their traditions.(lous Lamare) . Violen t reactions against the West by elements within Islamic society can be seen in this light.(Levin). Asian values are described as those embodying the ideals of respect, hard word, thrift and the belief of the importance of the community over the individual. These are coupled with preferences for economic, social and cultural rights, rather than political ones..(Mohamed R) In doing so, they have been able to protect and nurture their traditions in the face of utilitarian modernity, slack morals and globalization (Mohamed R) Another dimension to the negative aspects of cultural globalization is the imposing of one nations culture on another. The early 1990s attempts by the United States to dolphin ban sanctions against Mexico lead to heated governmental confrontations between the two countries. The issue was not that dolphins were endangered or even threatened species, but simply American cultural mores against the killing of these animals. The Japanese whaling issue has also come under a similar cultural scanner.(Levin) Conversely, many researchers also believe that globalization has a positive impact on the homogenizing effect of national cultures. Large television networks in India have given people a wider exposure and understanding of cultures in their own nation, reaffirming their own local traditions. (iv) Political Political globalization refers to an increasing trend toward multilateralism, in which the United Nations plays a key role, toward an emerging transnational state, and toward the emergence of national and international nongovernmental organizations that act as guardians over governments. Far reaching political changes have arisen from increased economic and social globalization, with developing or newly developed economics becoming even more dependent on the activities of developed economies such as the US where there is a centralization of capital and technical expertise.(Mohamed R) . The policies of national governments in capitalist countries are mainly determined by two important dynamics: the first is the state of the national process of capital accumulation and its relative international strength; the second is the balance of class forces both nationally and internationally.(Mohamed R) As a result, globalization has reduced of power of national governments to direct and influence their economies. Shift in economic activities in Japan or US are impacted all over the globe. The internationalization of financial markets, of technology and of some manufacturing and services bring with them a new set of limitations upon the freedom of action of nation states.(Mohamed R). To survive this market drive political globalization, it is deemed necessary for governments to handle the pressures of trans-national market forces as well as domestic economies. Whilst the influence of the nation states may have diminished as a part of the globalization process, it has not all together disappeared. The nation state remains as pivotal institution in creating conditions for effective national governance (Mohamed R). On a political map, whilst national boundaries are well demarcated, those indicating financial and industrial activity have largely overlapped or disappeared. Globalization has undermined the nation state, not only by shrinking resources under the national control for shaping economic and social outcomes, but it has reduced government legitimacy and control in the eyes of the public. (Mohamed R). The decline in national power and sovereignty in globalization is attributable to two important factors. One reflects the magnitude and velocity of international economic exchanges eroding the states capabilities and the other is the extent to which market relations across borders is diminishing the citizens attachment to national authority, reducing the states legitimacy. Citizens increasingly understand the relative economic strengths and weakness of their countries as products of specific national political arrangements and of different national cultures and not as the result of diverse national advantages. Contemporary politics in developed nations shows an increasing distrust of elected representatives. Unregulated flow of capital, labor, information from outside their country, resulting in unemployment delocalization of industry, immigrants, infiltration of undesirable material through the net are all attributed to poor government policies in allowing such lapses. Paradoxically , this one outcome of globalization is assisting governments to refocus political attention on the role of the state on the boundaries of national territory. In many advanced countries a new political camp has emerged to reinforce national control at the frontiers. (Mohamed R). Conclusion Globalisation involves the diffusion of ideas, practices and technologies and the increase of worldwide social relations which link distant localities, significantly impacting on the economic, social, cultural and political dimensions of nations and its peoples. Globalization, however, is not a new phenomenon. It has existed in at various levels since the development of agriculture (Mohamed R). While it saw a spurt in the late nineteenth century, it slowed down during the period from the First World War until the third quarter of the twentieth century (Shanta Sharma). This slowdown can be attributed to the inward-looking policies pursued by a number of countries in order to protect their respective industries. However, it was with the dismantling of the Soviet Union and destruction of the Berlin Wall that contemporary globalisation commenced, giving rise to a transitional world society. The recent recession has seen corporations and institutions from developed nations moving their focus to developing countries, particularly in the East. Cheap labour, relaxed industrial norms and the capacity to shift base at short notice to countries with more favourable policies have all significantly impacted on economic globalisation. The import of raw materials from developing nations is another advantage. Multinational corporations have shifted power away from the nation state with their brand globalization. However, whilst research does indicate that globalisation has been able to alleviate global poverty, it has in many respects deepened the gap between the rich and poor nations. Economic globalisation has brought in its wake significant and far reaching changes in socio-cultural activities as well as politics. With an increase in the exchange of cultural practices, attributable largely to the internet, there is on one hand a homogenization of cultures and the transgression and loss of national ethnicity and cultures. Further, globalization has undermined the nation state, not only by shrinking resources under the national control for shaping economic and social outcomes, but it by reducing governmental legitimacy. There is an increasing trend toward multilateralism, in which the United Nations plays a main part, toward an emerging transnational state. In this constant state of flux, it is difficult to say whether an equilibrium state of world society can be achieved.

Does advertising help or harm us? Essay

Advertisements are a great way to make people aware of products, issues, and more, But advertising become a problem to society. It gets us to spend all kinds of money on products and things that we really do not need. First, Advertising is harmful to the mental health of the majority of population across the world because it puts teenagers and children especially in doubt of their worth and beauty. For example, there are so many advertisements out there showing â€Å"perfect† woman, and this just makes young girls feel badly about themselves. It’s like telling them that they have to buy products to look pretty or smart and to be able to being accepted in society. So, this can lead to bigger issues. Second , Advertisements are everywhere people go. It’s nearly impossible to go anywhere without seeing an advertisement because the sheer volume of advertising in our society is incredible. for instance , You cannot watch television, ride on a bus or even walk down the street without someone trying to sell you something or inform you of something. People do not like so much of advertising in their lives. It sets their minds buzzing what to buy and what not to buy. Advertising is an exploitative tool, No one really needs any of the items on sale and it takes away the real sense of choice. Due to these reasons I feel ads is harmful. So, Take a stand and don’t let advertising harm your life.

Cask of Amontillado

However, in any situation, it would be more beneficial to let the anger go, instead of plotting a huge revenge plan. And what can be scary, is the intellectual people who know what they want and how to achieve that. It's very hard to escape an intelligent persons plan for revenge against you, especially when they are 100% set on seeking their revenge. In Edgar Allan Pope's short story, an idea is conveyed that cunning and sly people, when wronged by others, will use their intelligence to pursue the goal of revenge.! While this story is an entertaining piece of work, it also includes symbols to keep he reader engaged throughout the story.Poe writes with the idea that pride could lead us to do unthinkable things, which can also lead us into becoming too naive and blind toward our own actions. Mentors approaches Fortunate during the carnival. And the carnival can be seen as a symbol for the madness going through Mentor's head. Mentors claims that Fortunate inflicted a â€Å"thousand in juries† on him, and we never really find out what these Injuries were. Perhaps Fortunate TLD even mean to Insult Mentors, but Mentors Just takes Fortune's loopy Ignorance for Insults.Or maybe Fortunate has In fact been inflicting injury on Mentors since days of childhood, and the carnival symbolizes that Mentors has literally gone mad, and he wants to use his knowledge about his previous revenge plots to kill Fortunate. Poe also uses Fortune's clothing as a symbol â€Å"he had on a tight-fitting party-striped dress, and his head was surmounted by the conical cap and bells,† a court Jester or clowns outfit to symbolize that Mentors is to make a fool out of Fortunate and humiliate him to death, and low him to think about his actions as he dies a long, slow death.This Just goes to show how evil and cunning Mentors and his thoughts can be.! To start, in the title including the word â€Å"cask† in it. A cask is a wine barrel, but cask is also a short form for casket, which is a coffin. Therefore, cask figuratively represents Fortune's casket. Fortune's name is also related to irony, because it means â€Å"fortunate† in Italian. This means that he is one of good fortune and luck, however, he about to face his slow and inhumane death.Dramatic irony is occurring when the deader becomes painfully aware of what will become of Fortunate even though the character continues his descent into the catacombs in pursuit of the Amontillado. There are also numerous examples of verbal irony within Mentor's sentences. Mentors expresses concern about Fortune's health, and several times he suggests that they should turn back for fear that Fortune's cough will worsen as a result of the cold and dampness of the catacombs (this is also Mentors using reverse psychology to keep Fortunate wanting to emerge deeper into the catacombs).One of the most memorable lines of the story is given by Mentors in response to Fortunate saying, â€Å"l will not die of a cough. † Mentors says, â€Å"True, true†¦. † Other examples can be seen when Mentors toasts Fortune's long life as well as when he says that he is a mason, but not in the sense that Fortunate means. â€Å"In pace requisites! † (â€Å"Rest in peace! â€Å") is the last bit of irony in the tale. â€Å"In pace† also refers to a very secure monastic prison. Poe uses irony to reveal how Mentors is only masking his true intentions and covers it with sugar-coated-kindness to keepFortunate thinking the two are good friends.! The use of imagery is great in this story, because it helps create multiple tones and moods throughout Mentors and Fortune's walk into the catacombs. When the story is first set in a carnival, the mood is bright and happy with all the flashing lights and smiling people around having a good time. And as the two â€Å"friends† reach farther into the catacombs, it starts to get more dark and musky, setting a more horrid and dark mood. The piles of skeletons represent the death and decline of the noble family over the years.The Motto said meeting about how no one could insult the family and live; these both give a clue both to the history of family pride and insanity, and to hint at the fact that the protagonist is imagining his â€Å"thousand injuries†. It is also thought that the setting of the story represents Mentor's soul, where he appears to be bright and happy on the In conclusion, this story reminds us that when we stop to think about our actions, as Mentors did not, we would realize that violence is never the right answer to solve our problems. Poe uses great literally devices in his story to put more emphasis on the theme of revenge.The type of revenge Mentors sets out is evil and should not have been the way to achieve vengeance, nobody deserves to die because of something they did. It's weird though, how at the end of the story, I felt a sense of accomplishment for Mentors. And I felt k with Fortuna te dying, perhaps this is because of how Fortunate insulted Mentors and it seemed like Mentors had to get revenge to feel that sensation. This makes it even more clear that Mentors uses his sly personality and intellectual behavior to accomplish his plot of revenge on his use to be friend, by burying him alive.

An Interview At The Interview Essay - 1583 Words

Demographics On October 26, 2016 an interview was conducted with Mr. Johnathan Bracey. During the interview session Mr. Bracey was able to clearly state basic information about himself. Basic information such as: Date of birth/age, gender, ethnicity, race, sexual orientation, marital/relationship status, primary language, socioeconomic status, and religion. When asked his date of birth Mr. Bracey stated, â€Å"I was born on the fifth of August during the year 1991, so I am currently twenty-five years old.† Mr. Bracey was then asked which gender does he identify; giving the response that he identifies as a male. After identifying himself as male, Mr. Bracey then stated, â€Å"I am an African-American male, as far as I know. I believe most of my ancestors were African-American, so I do not believe I am mixed with anything.† Therefore, this statement from Mr. Bracey led to race. When asked his race, he stated, â€Å"Yeah, I’m just African-American, so you can just say that I am black.† Mr. Bracey was then asked about sexual orientation during the interview. He stated, â€Å"I’m attracted to girls and girls only, so I classify myself as heterosexual.† Fortunately, Mr. Bracey was able to give his marital/relationship status in his following statement saying, â€Å"I like girls, but unfortunately I am not in a relationship at the moment, nor have I ever been married, so you can say I’m single.† Next, Mr. Bracey was asked his primary language and was able to confirm English was his primary language byShow MoreRelatedInterview : Interview And Interview915 Words   |  4 PagesInterview: Mak Recently, I had taken the time to interview Mak. Her full name is Eunice Mak and is a young lady of 26 years living in San Francisco, California with her grandparents, parents, and brother. 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