Immanuel Wallerstein has looked at the history of the global proliferation of capitalism, subdividing states into core-, peripheral- and semi-peripheral states areas. The core areas have developed themselves with highly skilled labor and accumulated great amounts of capital, which safeguarded their privileged position in the future. According to Wallerstein, the great diversity of political systems in the world did not impede the capitalistic proliferation but, to the contrary, helped its consolidation. As economic exploitation and enterprises are not limited to national boundaries, capitalists made use of the great political diversity, maneuvering through this landscape to find optimal positions from which to do business. Lastly, the current privileged position of wealthy nations can be explained by looking at the economic environment before free markets became ordinary.
The bulk of corporations prioritize their wealth over the condition of the Earth beneath them. Economic growth is important for the people, yes; it is how we develop as a society, but at what cost? The Earth takes the brunt of society 's success, and denying the inevitable will not stop it from occurring. In fact, denying climate change will only harm society and the Earth further; because by denying it, those who deny climate change are willingly aiding the damage and the danger climate change brings. Climate change is denied is due to the prioritization of business and the economy.
Question#2=I’m not sure if the nation state will be undermined. The terms nation, state, country and nation-state are used to refer to political, economic, social and cultural actors in the international system. The modern nation-state refers to a single or multiple nationalities joined together in a formal political union.Expanded flows of commerce across borders had many benefits.They provided profits, jobs, efficiencies of scale, lowered unit costs, and increased the variety of goods available for everyone to buy. trade would be the key to world peace, since states would be reluctant to let wars interfere with the mutual economic gain. It’s a grand idea that promises a more rational way of going about the world 's business, Counter-one less influenced by unilateral actions by nation states, including the use of force.Its potential to make armed conflicts much more devastating.Question the adequacy of the nation state in meeting the economic and security challenges of the new century.
Enforcing specific labour standards can help this economic stability through protecting workers, avoiding strikes, and paying the people more money. In turn, workers will not only better their quality of life, but will also boost their country’s economy through spending. As suggested by the International Labour Organization, “…international labour standards are an essential component in the international framework for ensuring that the growth of the global economy provides benefits to all” (“Introduction to International Labour Standards.”). International labour standards will provide a more equal distribution of wealth as well as indirectly boost the global economy through stabilizing individual economies. In conclusion, regulatory labour laws will not inhibit the growth and development of the global economy, despite the claims made by companies presented in Kernaghan’s video.
Proponents of this practice insist that deregulation amounts to corporate welfare and results in many industries exploiting their workers, the consumers, and the environment to maximize profit. These individuals analyze the effects of regulation, and “This, in turn, helps advance a ‘constitutive interpretation’ of the role of regulation—a perspective that focuses on the role of regulation in the continuing expansion, adaptation and transformation of capitalism.” (Levi-Faur). The theory of regulated capitalism can further be divided into two categories: economic regulation and social regulation. Economic regulation controls prices. It is designed to protect consumers and small businesses, and “... it often is justified on the grounds that fully competitive market conditions do not exist and therefore cannot provide such protections themselves.” (U.S. Department of State).
And also, as a result of international trade, the market contains greater competition with more competitive price and cheaper products. This essay will focus on the definition, advantages and consequences of international trade with considerable theories and evidence. First point I want to emphasize is that international trade is the exchange of goods and services between countries. This is the type of world economy and trade, prices, supply and demand, impact which influences world events. Political change in Asia is inclined to lead to increase labor costs, thus increase the production costs of sneaker companies.
Export is a function of international trade in which the goods produced in a country will be sent to another country for future sale or trade. Therefore, by selling of such goods and services it will increase the producing nation gross output. Export also one of the oldest form of economic grow, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies. Another process involve in international trade is import, import is a process good or services brought from another country to another. Together with exports, imports also are the backbone of international trade.
In my opinion, globalization has both positive and negative aspects. First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country.
Even the international companies bring considerable economy growth to developing countries such as technology transfer and job opportunity. Nevertheless, the multinational corporations also bring problems to developing country like harm human right. However, it is believed that multinational companies bring advantages morn than disadvantages. The developing country should increase the economy in the short term because competed economy can enhance competitive strength in the world and ameliorate the life of developing country people such as using additional finance develops capital
Thirdly, local business will have a lot of difficulties because people tend to like import goods or foreign goods more than local products. The trend of globalization put developing countries into a hard competition. Globalization allows countries in the world are free in trading without any barriers about tax, not only that the cost of domestic and imported goods are not too many differences cause major competition about commodity (The Impact, n.d.). That force developing nations have to make their product quality better, improve design of goods and reduce production cost. The next point is the pressure on the natural environment.