ISSUES IN GLOBALIZATION

Issues in Globalization

Issues in Globalization

Introduction

However, globalization has become one of the most frequently used words to describe our reality. Globalization is a situation which in the history of it was not. Interpersonal ties have expanded to such an extent that they relate to the whole globe. Our life does not depend solely on what they'll do with it what is happening around the world, we also directly applicable. The concept of globalization, so slowly lose their power to explain anything. However, researcher tries to prove that globalization is a phenomenon larger than it seems. His book does not repeat the hackneyed formulas on the global village and the worldwide expansion of the hamburger. Rather trying to see how the shrinking time and space constitutes our condition. Globalization in this analysis turns out to be a phenomenon that more divides than unites humanity (Gibson-Graham, 2006, 23-24).

Today, globalization is undoubtedly often touched on the issue. However, the fate of the fashionable words as aptly is always the same. Moreover, the more experience gained through the clear explanation, the more they themselves become opaque and confusing. As a growing number of dogmatic truths, repressed by the trendy words, they themselves are becoming faster and faster rules of which is not discussed (Dollar, 2005, 146-175).

Discussion

In addition to the debates over the causes of globalization, there is much debate about its consequences. There are at least three distinct views in the literature: (1) Whereas some see its consequences as negative in all aspects, (2) others see its effects as positive on the whole, and (3) still others stand firmly in the middle and see it as having both costs and benefits. Globalization is said to have many different effects. The approach here is to look at a number of those effects and sketch out the different opinions scholars hold on each. At this stage, there is little consensus on its effects. Substantial literatures exist on whether (and how) globalization has affected economic growth rates, poverty, inequality, democracy, conflict, state capacity, policy and institutional convergence, cultural diversity, volatility and the diffusion of crises, and balance of power between capital and labor. Assessing the impact of globalization implies that one must hold other factors constant, which is a difficult task. Since globalization is an ongoing process, definitive answers to these questions cannot be given. What is striking, however, is the wide range of views and evidence that exists for each of these outcomes (Gibson-Graham, 2006, 23-24).

Economic Growth

Globalization is alleged to have had a variety of effects on economic growth. Growing integration of national economics into a wider global one has usually been achieved through trade liberalization and the pursuit of foreign investment, and sometimes through capital market liberalization (Katz, 2004, 77-79). The consequences of these policies for economic growth are still debated. Some research supports the idea that all of the policies increase growth; there is probably more evidence that trade and foreign investment support growth than capital market liberalization (Gibson-Graham, 2006, ...