Globalization And Cultural Globalization

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Globalization has become a major topic of discussion and concern in economic circles since the mid-1990s. This essay will focus on what is globalization, the challenges and risks of globalization and what can developing countries do to benefit from it, in order to avoid its downside risks. According to Andrew Heywood “globalization is not a single- process but a complex of processes, sometimes overlapping and interlocking processes but also at times contradictory and oppositional ones. It is difficult to reduce globalization to a single theme.” Globalization is an inconclusive world. A world with no borders. It gives no recognition to the differences among the nation. It also denies the division of people into traditional categories. Globalization…show more content…
Political globalization is when governmental action takes place on a global level. Cultural globalization is the transmittal of ideas and values across the world in a way to heighten and enhance social relations. Economic globalization is the heightening of economic integration and interdependence of national, regional, and local economies across the world. Globalization has received many criticisms due to its downfalls and challenges. Globalization has Caused Inequality. Noam Chomsky (b. 1928) says that globalization means a global market which denotes a -single price everywhere and single wage system. But the real situation is quite different. The levels of prices and wages are different from one region to another and this has resulted in the differences in wages. In other words, what Chomsky stresses is that globalization has carried with it a great deal of…show more content…
Noam Chomsky (b. 1928) observes that “The attack on democracy is perhaps the most significant feature of the globalization period, often called the “Golden Age” in comparison with the “Golden Age” that preceded it just by straight economic measures” One of the problems is that members of the governments of nation-states are directly elected by the people and because of this the governments are supposed to be accountable to the people. A national government serves two entities. The electorate and the foreign countries who supply them with funds and technology providing agencies. It becomes a problem when it comes to having to make a win, win situation between the two. But for the sake of economic development the authority of the nation-state is forced to oblige and satisfy the foreign agencies. This tendency invariably undermines democracy because the government’s accountability to elector¬ate receives is usually ignored. Globalization has not been able to reduce economic inequalities and even in most of the countries it has aggravated a great difference in the field of income

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