Introduction Much of the world is a buzz by the word:
Introduction Much of the world is a buzz by the word: Globalization is the phenomenon which has taken the world of the 21st Century by storm.
Importance of Globalization Globalization can possibly be defined as the development of international relations between nations in order to develop "interconnectedness in all aspects of contemporary social life This phenomenon has been developing over time ever since the Romans first discovered and perfected the sea trade routes to India, gaining access to the all important Spice Trade - long before De Gama!
Developed nations such as U. And developing nations are more than willing to oblige since it furthers and improves its socioeconomic status.
Thus, within the last few decades this need has contributed to the mass development of telecommunications, vast increment global international trade, progress of monetary coordination, emergence of multinational corporations, etc.
And as we move into the 21st Century this "cultural" phenomenon is evermore present, particularly where economic prosperity is concerned. A good example of how entities actions having lasting global effects is the sudden surge of oil prices during the year of With OPEC Organization of the Petroleum Exporting Countriesthe world largest cartel of this natural resource, forced the increase in the prices of this necessity.
This caused the sudden worldwide inflation for all other goods and services in order to cover the rise. So we can see that as we continue striving forth in the 21st Century, Globalization will continue to play a vital role. Advantages and Disadvantages of Globalization Globalization has led to the spread of technical advances, greater intercultural contact and international cohesion-for example Globalization brought the world leaders to Seattle for the World Trade Organization WTO meeting in In addition, Globalization has helped the spread awareness and aid in forming international labor standards, development of human rights, and movements for emancipation women.
Globalization has both been accelerated and cause advancement in both computer and communication technology. Computers have made the standardization of national economies easier; the fax, the cellular phone, and especially the internet have increased the speed with which companies and individuals can communicate with one another.
Satellite technology has facilitated this communications revolution and made the instantaneous transmission of images possible. The Tiananmen Square Protest of was the first news event covered by satellite news, which affected the very process and outcome of the event.
However, Globalization has created dependency for certain players in International Relations - e. Accordingly, Globalization also further enhance the collective goods problem; in addition to dependency. Certain actors are influenced to let other actors that are providing the avenues of economic support to have operating priority, who might then exploit national resources, without concern for the lasting effects.
When looking at the future of Globalization, it is virtually impossible not to discuss the two countries that are primed for immense global growth, India and China. Together, both countries make up one third of the world population, and have enough human and natural resources to power worldwide growth.
Even Africa might enter the competition if they are able to improve their infrastructure which is currently impeding its development.
This tectonic shift of economic power towards other regions nudges United States off the top of the current fiscal hierarchy, paving the way for a multipolar system. The BRIC economic forecast mentioned earlier even predicted that China will become "the industrial workshop of the world" whereas India will dominate the service sector David, Nevertheless, one must not assume that economic multipolarity ensures strategic multipolarity.
It is likely that the United States will remain the supreme military power, and continue to be the security guarantor of Western Europe, Japan and its other allies.
Depending on various factors, it might extend or shrink its nuclear umbrella. Russia is wary of the re-emergence of China; India and China has yet to solve its age-old border disputes; and India sees its rise in terms of a close relationship with the United States to counter Beijing Laidi, A multitude of challenges that the poles are going to face in their pursuit of economic power and prosperity includes hurdles such as poverty, a myriad of environmental problems and human rights issues currently plaguing the developing countries.
More specifically, there is the recent setback in the form of low expectations for the Doha Rounds to achieve its ambitious objectives Schott, Despite all that, Globalization will continue to charge forward. Though its consequences are far from preordained, multipolarity is already on its way.
Conclusion Through this research paper, we have learnt that both state and non-state actors apply the core principles of International Relations i. Dominance, Reciprocity and Identity to solve the collective goods problem. This is especially vital in Globalization as developed nations and industries require new avenues to further their advancement.
As a result, diplomatic relations between the North-South states draws closer - benefiting all parties involved.
Thus, making the phenomenon of "Globalization" significant in the 21st Century and beyond. International Relations Brief Fourth Edition.Essay Sample In my essay, I will analyse the statement of globalization being a new phenomenon and I will look at the ideas that would suggest this.
It is however in my opinion that globalization is not a new phenomenon but a steamroller that has constantly picked up speed to become the issue it is today. Another view of globalization as a new phenomenon suggests that it is not only an economic phenomenon but also a political, technological and cultural phenomenon; it is a Shehab Zahda Essay complicated set of processes.
The Phenomenon of Cultural Globalization Essay - The term "globalization" is commonly used to describe the increased mobility of goods, services, labor, and technology throughout the world.
Globalization is a social change; it is really an increase in connections among societies and their elements. Essay about Understanding the Globalization Phenomenon - Is it possible to understand the nature of globalisation.
This is a question that has led to fervent debates, and has confounded sociologists in their pursuit to explain the mechanics of globalisation (Machida ). Essay about Understanding the Globalization Phenomenon - Is it possible to understand the nature of globalisation. This is a question that has led to fervent debates, and has confounded sociologists in their pursuit to explain the mechanics of globalisation (Machida ).
Essay The Phenomenon of Cultural Globalization Words 3 Pages The term "globalization" is commonly used to describe the increased mobility of goods, services, labor, and .