World Commerce and Globalization
I. The diffusion of ideas and technological impacts that have taken place globally. Globalization as a phenomenon of economic and cultural connectivity has been growing for centuries, but the current form is of a fundamentally different order (Smith and Doyle 2002). The speed of communication, the complexity and size of the networks involved and the huge volume of trade, interaction and risks involved make up the current and peculiar form. The diffusion of ideas, practices and technologies that occurs within is more than internationalization, universalization, modernization and westernization. Anthony Giddens (1990 as qtd in Smith and Doyle) described today's globalization as "the intensification of worldwide social relations, which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa." It has changed the way geography has been traditionally understood and how localness has been experienced. The new framework is a spread and connectedness of production, communication and technologies across the world through the interlacing of economic and cultural activity. Its unique feature is the momentum and power of the change involved - the interaction of ex
A very serious case has been posed against, not globalization itself, but the brand imposed by the world's financial elites (Smith and Doyle 2002). It is the brand that needlessly wides the gap between wealth and poverty, erodes democracy, fosters instability and fails in maximizing sustainable economic growth (Kuttner 2002 as qtd in Smith and Doyle). It is the kind where ecological and technological risks have multiplied and it will be a great mistake to view it as a mere feature of imperialism, because it is much bigger, far greater and more unexpected than that (Smith and Doyle) III. Have these global commercial patterns affected the overall natural environment and have commercial trends impacted the individual nations within these organizations drastically on either a negative or passive side. Global politics is enmeshed and anchored today, not only in traditional geopolitical concerns, but also in a wide variety of economic, social and ecological questions - pollution, drugs, terrorism and human rights - that require international cooperation for plausible and effective solution (Held 1999). Within the current pattern of extensive political interconnectedness of the key policy-making international bodies, the national government gets increasingly locked in an array of global, regional and multi-layered systems of governance and can barely monitor itself or stand in command. traordinary technological innovation and its worldwide reach capability (Hutton and Giddens 2001 as qtd in Smith and Doyle). Gigantic and unprecedented developments in the life sciences, digital technology and such like, created vast and new production and exchange possibilities. Complementing them are innovations, like the internet, which have made access to information and other resources throughout the world possible as well as coordinate activities in real time (Smith and Doyle). It is a global shift, or one wherein the world is being moulded by economic and technological forces into a shared economic and political arena (Held 1999). After the Second World War, the globalization of the environmental degradation was greatly increased by the 50 years of massive resource-intensive, high-pollution growth in the OECD; the industrialization of Russia, Eastern Eur
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Approximate Word count = 1538
Approximate Pages = 6 (250 words per page double spaced)
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