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Impact Of Globalization On Russia’s Political And Economic Development

1644 words - 7 pages

Introduction
Globalization has affected a wider scope that we can imagine. The world today has somehow been minimized by the factors that cause society and culture to change drastically compared to a few decades ago. With the advent of technology, people’s way of thinking, working, relating to others, deciding, doing business, and many more normal fares of everyday life have been greatly impacted. Today, we can witness and experience the effects of globalization in the basic unit of society – the family. Moreover, we see how women and children have become more involved in activities that used to limit them. Trends in trade, industries, and businesses are becoming more dynamic; communication systems enable people and societies to share and interact faster. In effect, globalization allows societies and cultures to evolve especially with the prevalence of the Internet. Thus, newer people groups and identities are created while giving rise to the proliferation of global issues such us gender roles and child labor. Globalization may have improved many facets of societies and culture; however, people must also be wary of the adverse effects it has wrought on several cultural and social functions.
Globalization is affecting most if not all countries in the world. Russia is dramatically changed as well as it is driven to go back to the global market economy that is hugely dominated by the West. The transition of Russia from its post-communist realm transformed both its economic and political systems including how the state articulates majority of its governance. The country’s fully abandonment its socialist ethics and this cost Russia and its people dearly. While the rest of worlds consider globalization as an economic advancement and political enlightenment, Russia still regard the process to be possibly catastrophic and unethical in nature.
Primarily, globalization affects the economic dynamism as international trade and the success of the free markets implicate how governments and private entities come up with decisions. However, the present economic policies have successfully produced a world market where laborers, consumers, and businesses have the potential of establishing economic relationships with others anywhere in the globe. This astonishing ability for global organizations is a product to the recent innovations and inventions. The political dimension mainly involves the reduction of the sovereign state due to the increase of multinational businesses. Socially, globalization has a great impact on how people today mingle and create relationships. The social mix has highly been affected by globalization and vice versa in that there is a new wave of social culture occurring indoors and on the streets. People’s way of life, speech, decision-making, behaviors, work ethics, etc. is influenced by the dynamic social interactions.
According to Telo (2012, 31), the global interconnectedness has aided in creating a type of homogeneous mass...

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