The concept of cultural production is very much discussed by many theorists under the context of capitalism. According to Marx, the ideology and values of the ruling class is spread to the working class through what Engels called, the “false consciousness”. Marx posited that the control of the ruling class over the means of production includes not only the production of goods but also the production of ideas, values and beliefs. The working class suffers from “false consciousness” in that they are beckon to believe that the dominant ideology is in the best interest of the entire society. Through this phrase of “false consciousness”, the realities of exploitation and domination are concealed and obscured, thus allowing the ideology and values
Further, globalization is resulting in the alienation of people by bringing them together and there is no consensus on whether the bringing of people closer and thus striving for global homogeneity/uniformity/conformity is a good development, or whether it occurs at the heavy cost of destroying indigenous or local beliefs and culture. Similarly, whether globalization increases or decreases poverty as well as economic disparity is a hotly debated and contested issue, same could be said about the impact of foreign direct investment by multinational corporations (MNCs) (the drivers of globalization) on development and human rights. What is hotly debated is that positive and the negative implications of globalization, for the realization of human rights particularly in developing
Likewise, consumers, seek their desired goods, though their preferences may vary. So what is the problem with such a market relationship? It is established from experiences that, capitalism contributes to stark socioeconomic inequalities in a society. Consider the United States as an example. Capitalism polarizes a society economically: the very rich and the very poor.
Firstly, the self-creativity of one dominant state’s economy and the adaptability of global economic changes are laborious to retain permanent, which means there would appear a newly political environment and then damage the hegemon. In other words, as other states grow more powerful, their aspirations, reputation and the dissatisfaction of the status grow as well. As Schweller and Pu (2011) demonstrated, when the competitors arise enough, the system become fluctuation. The rapidly growing states are generally more conceivable to the threat to the hegemon and international allies. Secondly, to sustain the cost that supply for the common goods, the economic surplus of leadership decreased gradually, even been using up.
3.2: Theories 3.2.1: Why Nation Fail Theory In “Why Nations Fail”, Acemoglu and Robinson manifest an intriguing perspective with strong historical examples. They argue that political institutions strongly determine economic institutions. According to Acemoglu and Robinson, political institutions highly affects economic institutions like property rights structures which goes a long way to affect economic outcomes. Thus, in their view point it follows that any potential economic success rests on the adequate centralization of political institutions with resources to provide basic public services, education and justice . We see that even though extractive
To examine the impact of globalization brought to work and employment, it is undeniably that working environment become vacillated since employment not only rely on domestic factors anymore but also involved multinational corporation (MNC) factors which initiated by globalization. Therefore, globalization in an important key concept before understand the issue. The view of Sanders and Sernau (1994) suggested that in traditional societies, gathering and hunting were mainly how the societies operated. Afterward, industrialization replaced the traditional production mode, and changed into mass production. Modern societies appeared because of industrialization.
The corporate social responsibility require the enterprises must beyond the traditional concept “ make the profit as the only goal” emphasized the contribution to the environment, consumers and the society and the value of the human in production process. (Corporate social responsibility) Actually, the CSR theory is good for the businesses. But someone point out a question “must the enterprise bear the social responsibility?” There are also two
The protesters claim that globalization is bad for poor people in poor countries. A large body of evidence, however, suggests the opposite—though clearly globalization can result in unsettling experiences for many who live in the developing world. But it absolutely a good way for developing countries’ improving. (WEB Carol Graham) recent research with Nancy Birdsall and Stefano Pettinato suggests that globalization has brought substantial benefits and opportunities for upward mobility for many low-income individuals in the emerging economies. Yet these same opportunities entail new vulnerabilities and new risks for others.
1. Introduction For the recent years, global economy has experienced high economic volatility and has caused challenges to human resource management (HRM) to sustain both employees and businesses performance during bad times. The purpose of this paper is to understand how the strategy human resource management (SHRM) assists in organization efficiency in both good and bad economic times and the outcomes of strategies used during good times and bad times. 1.1. Global economy GDP and the impact in industry The concept of global economy refers to the gains of comparative advantage that causes countries to generate goods the countries are most useful in terms of lowest production that causes to increase volumes of world output (Globalization
Poor living and working conditions and hopeless future push people out of the country, while the prospects of a better life pull them in. Scientists have developed several theories of push and pull model, including neoclassical economic theory, labor – market theory and the world – system theory. Thus, neoclassical economic theory suggests that countries, where there is an