In The Long Run Everyone Will Benefit From Globalization.

1968 words - 8 pages

Globalization is a term which became popular in the 1980's to describe the increasing movement of people, knowledge, goods and money across nation-state boundaries which has led to increased interconnections amongst the worlds population; economically, politically and culturally. Although many think of the term in relation to economics, this process has political and cultural implications as well.There are optimistic and pessimistic approaches to the globalization argument and in this assignment, I intend to outline and evaluate the optimist's argument, which is that 'all will benefit from globalization.'"Globalization is a promise of efficiency in spreading the good things of life to those who lack them." (Managing globalization pg x1)As a general overview, optimists describe as the ongoing global trend toward the freer flow of trade and investment across boarders and the resulting integration of the national economy. Because it expands economic freedom and encourages competition globalization raises productivity and living standards of all. Globalization for less developed countries encourages faster growth, in turn promoting poverty reduction, democratisation and higher labour and environmental standards. It also gives citizens greater individual freedom to express views and experience cultures through such mediums as television and the internet, which encourage understanding around the world.With regards cultural benefits and globalization optimists point to the growth and spread of new technologies such as the telephone and internet as bringing about positive cultural changes world wide. Cultural differences and changes are the most direct and obvious way in which most people experience the interconnections of globalization. Evidence has shown that"cultural imports and exports increased by nearly sixfold between 1970 and 1980" (ou pg 49)They would site the democratic and participatory nature of the internet as an important devise for activist groups such as greenpeace who use it to raise awareness and encourage discussion. As unregulated media, which has the capacity to transcend nation-states and operate without governmental control, it allows people from different cultures to develop shared understanding.Rheingold talks of how the internet allows an alternative to the mass media structure; by bypassing the mass media more individualistic views and ideas can be voiced, and heard. Mass media such as Rupert Murdock's news corporation hold huge amounts of media power and access to alternative information is consequently difficult. The emphasis now falls on the individual to seek and provide such information, rather than passively receiving mass media.Pessimistic globalises have many problems with the theories stated. Their first point would be that around 88% of internet use takes place in the west, with telephone coverage dependant on where masks are placed and over two billion of the worlds population still without electricity it does seem...

Find Another Essay On In the long run everyone will benefit from globalization.

For whose benefit is the American government run?

2725 words - 11 pages For Whose Benefit?The question of whose benefit the American government is run for, the few big interests or the common good, is not a simple question to answer. There is no straightforward answer because much like the running of the American government itself, all the actions are interrelated and what might seem as being done in the interest of a big interest, might actually be happening to the benefit of the citizens with special interests

Brazil’s Bolsa Familia: Its Impact on Inequality & Poverty in the Long-Run

2468 words - 10 pages benefit from such increase in wages, and without a safety net in place to support such people, the risk of higher inequality rate is eminent. Job creation and trainings I will argue, should be at the forefront of government policies if poverty and inequality is to be reduced in the long-run. People depending on social assistance (Bolsa Familia) should be provided with quality services that will boost their human capital and at the same time they

How Firm Behave under Perfect Competition in the Short and Long Run.

793 words - 3 pages marginal cost curve above the minimum point on the average variable cost curve, also known as the shutdown point. In the short run, firms behave differently than in the long-run. It is important to remember that a profit-maximizing firm always produces where marginal cost is equal to marginal revenue. When a firm is small relative to the market, and its product is indistinguishable from the product of other firms, the firm views itself as having no

Actions of The Fed at Full Employment in Long Run Equilibrium

828 words - 3 pages The United States economy is currently producing at a level of full employment in long-run equilibrium. The government then decides to increase taxes and to reduce government spending in an effort to balance the budget. The results of the actions taken by the government is the decrease of real GDP. When taxes are increased that the amount of disposable income that is available to consumers is lowered. This lowered level of disposable income

How the Rich Benefit from the Poor

5306 words - 21 pages How the Rich Benefit from the Poor this paper has problems with formatting The United States is the most developed capitalist economy in the world. The markets within the economy provide profit-motivated companies endless potential in the pursuance of pecuniary accumulation. Throughout the twentieth-century competitive companies have implemented modernized managerial procedures designed to raise profits by reducing unnecessary costs. These

Did the German people benefit from Nazi rule in the 1930's?

2497 words - 10 pages contradiction to people benefiting quite a lot from Hitler is the example of the Jews, who had nothing good come from the Nazi's taking charge. So my decision is that you would benefit under the Nazi rule, as long as you were what Hitler wanted you to be, healthy, blonde with blue eyes, working, a non-Jew, then you would be fine, if you were none of these things though, you were in a lot of trouble.

Reflections From the Long Loneliness

885 words - 4 pages Reflections From the Long LonelinessWhen Dorothy Day was young, her family did not practice religion. Early in her life, she attended churches with her neighbors and she loved the feeling of communal worship. Yet, she was unsure what she believed and still searching. Her friends never regarded her as a catholic and never knew that she would feel necessity to worship God in an organized Church. When she was working in Chicago, Dorothy Day lived

IBM Outsourcing: How will IBM benefit from outsourcing HR functions to Fidelity?

951 words - 4 pages period. If the customer should decide to go with Fidelity, we will then come in and help with the transition period. We believe it's a great opportunity for our two companies."ƒ¡ This provides motivation to both IBM and Fidelity to make the operation run efficiently while saving money.They began this transition by transferring 450 human resources employees from IBM to Fidelity. These employees will handle the majority of the HR functions

What three important benefits will IBM receive from outsourcing their HR functions to Fidelity and how will they benefit IBM?

908 words - 4 pages program for 800,000 people, and an increase in new customers by offering its outsourcing HR skills to other businesses. Of these the biggest benefit is that IBM Global Services and Fidelity announced that they are forming a relationship to market HR payroll and benefits outsourcing services. Areas of joint cooperation will include providing clients with consulting services around evaluating and implementing HR and benefits outsourcing solutions.So

Did the people benefit from Nazi economic policies?

869 words - 3 pages The Nazis promised everyone a great deal from the economy. People had been so badly affected by the great depression that they believed Hitler's promise that the Nazis would restore prosperity and their place in the society. The Nazis promised the workers employment. During this essay I intend to discuss whether or not peoples faith in the Nazis was justified. Things appeared to be improving on the surface but were not necessarily getting

World War I -Did Canada benefit from the war?

1186 words - 5 pages from August 8 to November 11, 1918. From this battle, over 178,000 were injured, and over 66,000 soldier's lives were sacrificed out of the 620,000 Canadian troops that were sent out to fight. Many valuable Canadian lives were crushed from this outrageous war.Relations between the French and English in Canada were always overwrought, long before the war started. The relationship, however, deteriorated even more because of the World War I. Canada's

Similar Essays

"The Demise Of Wal Mart" Explains How Anthony Bianco In The Bully Of Bentonville Argues That Wal Mart's Business Model Will Fail In The Long Run.

1231 words - 5 pages affluent areas, it will continue to see opposition from their educated citizens.Wal-Mart's next challenge is how they will continue to cut costs but at the same time maintain well run stores. Studies by Wal-Mart show that customers regardless of income are unhappy with their performance in providing the basic services of a retailer. These services include poor customer service, long lines, and messy shelves and store appearance. Since Wal-Mart tries

Diminishing Returns In The Short Run Vs. Economices Of Scale In The Long Run

1046 words - 4 pages Diminishing Returns in the Short Run vs. Economices of Scale in the Long Run Production is the transformation of inputs into outputs. For firms to remain in business, they should avoid running into bankruptcy by efficient allocation of resources. The desired result is that as inputs are utilized, outputs will magnify by a greater percentage or the average cost per output will diminish according to "the law of

Alternative Energy Sources In A Long Run

2299 words - 10 pages community alive. With communities being helped with alternative energy, it can help develop others as well. That in a long run, would then lead to a better, cleaner environment as more communities get help to use alternative energy. It is best for the environment and nearby communities if coal power plants are shut down. According to the U.S Department of Energy’s National Energy Tech Laboratory in Pittsburgh, they say. “Utilities canceled or

What Are The Assumptions Behind The Model Of A Perfectly Competitive Industry In Long Run Equilibrium?

956 words - 4 pages What are the assumptions behind the model of a perfectly competitive industry in long-run equilibrium?In this essay I will discuss the assumptions behind the model of a perfectly competitive industry in long-run equilibrium. The economist's model of perfect competition is highly theoretical, but is does provide a useful tool of economic analysis. In perfect competition the industry is made up of a large number of small firms, each selling