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.
Globalization, covering all regions and sectors of the world economy, fundamentally changes the relationship between the external and internal factors in the development of national economy in favor of the former. Any of national economy regardless of the size of the country (large, medium, small) and the level of its development (developed, growing or transitional) can no longer be self-sufficient, and be only based on the available factors of production, technology and capital needs. No state is able to efficiently build and implement an economic development strategy, without taking into account the priorities and the basic rules of conduct of participants of the world economic
However, nowadays, globalization due to the Industrial Revolution and the advances in transport and technologies has reached an unprecedented scope. Globalization can be explained in mainly 3 different areas: in politic, social and economic terms. In politic terms, globalization can refer to the shift of political activities from a single-nation level to a global level and it has been created international organization such as the United Nations. It has also tried to spread democracies all over the world. Social globalization describes an exchange of values, ideas and it has facilitated the promotion of equality, dignity and human rights.
“Where globalization means, as it so often does, that the rich and powerful now have new means to further enrich and empower themselves at the cost of the poorer and weaker, we have a responsibility to protest in the name of universal freedom.” ~ Nelson Mandela. The definition google gives for globalization is: businesses or other organizations develop international influence or start operating on an international scale. My position will address the following questions: to what extent should globalization shape identity? What is identity? What impact does globalization have on identity?
• As neoliberal institutional scholars demonstrate, under conditions of interdependence, power becomes diffuse – and it works through different channels, includes a host of new actors, removes existing hierarchies among issues, and reduces the utility of military force. So , we can say that globalization reflects a pattern of linkage strategies and transnational networks, while power comes from the ability to put the agenda of international politics and to work within the rules and procedures of international institutions • The constructivist school challenges observers to consider the power Of ideas and knowledge in shaping the international and domestic environment because globalization supplies us with many channels of communication which is different from those previously dominated by the state the nature of power has become spread to that extent that one person can change global politics
Globalization isn 't a thorough new thought. As demonstrated with the aid of the historical affirmations, humans from out of date situations used to transport from their mom land to change elements of the arena trying to find sustenance, shield, affirmation from trademark catastrophes, commercial enterprise and for an unrivaled residing. This movement constantly integrated a blending of traditions, life and societies. As indicated via Economists, in modern time, Globalization simply began whilst the Multi country wide associations generally from the western international left their breaking factors and began to work worldwide. those made international locations depend on much less made countries for unrefined substances, unassuming works and market for their inventory and things.
Cultural hybridity is falsely glorified and commodified as it "resonates with the globalization mantra of unfettered economic exchanges and supposedly inevitable transformation of all cultures"(Hybridity or the Cultural Logic of Globalization or the Cultural Logic of Globalization, 10). Ella Shohat also argues that such a glorification of hybridity "fails to discriminate between diverse modalities of hybridity, for instance internalized self-rejection forced assimilation political co-optation, social conformism, cultural mimicry and creative transcendence "(Notes on the Post Colonial Moral,
What is global factors in the business? Global factors are mean that some global forces and trends would influencing the firm running decisions and strategies, these global factors are including modern communication technologies, multinational companies and some global institutions. (Max, 2017) In the modern communication technologies There have to way for Xiaomi to taking advantage from this global factor. Firstly, the benefits from the well-developed of internet make Xiaomi enjoy the advantage of easy access to information. (Ramey, 2016) Since it is easy to get some information from internet like the local culture and trending of UK which can help Xiaomi more easy to setting a strategy when it opens a new branch in UK.
The services offered are such as online payments, listing the solutions, protection and authentication, instant messaging, member reputation and after sales services such as warranty problem. All these services have accelerated the company’s success. 2. Pricing is another strategy that led to the success of alibaba.com; the company has adopted a number of pricing strategies such as; product line pricing, penetration pricing and discounts. These pricing methods used are fair to the business to business customers and have increased the sales of the company.
activation of the left radicals will occur, which will lead to destabilization of international organizations, breaking security systems of military departments, intelligence services and large banks, etc. As stated in “Why Globalization Works” by Martin Wolf “the anti-globalization movement is anti-liberty like communism and national socialism”. Also, globalization will lead to the death of the nation-state, to the creation of a single world government. Perhaps most of all, due to globalization, it is concerned that it widens the gap between the rich and the poor. Despite the undoubted growth of prosperity in the world, wealth is concentrated in the hands of a few people and