Globalization

A detailed Summary of Globalization

Globalization: An Improvement or a Threat?

Globalization is a phenomenon in which corporate expansion around the world and economic growth comes together. This seems like a good thing. Globalization can be viewed as an improvement for society for many reasons driven by free-market capitalism. This super powered phenomenon can also be seen as a threat because it is an ideology or concept that is trying to advance the corporate agenda; in retrospect globalization is the contemporary form of capitalism. If globalization were to benefit or be advantageous to all people then it would be a great thing. It just needs to be geared in the right direction and there is no proof that it will or how long it will take.

This international system stands for more than just a phenomenon that took over after the cold-war system. This system has its own rules and characteristics although it followed a rather old pattern. Globalization integrates free-markets and technology to such a level that it enables people to reach around the world faster and cheaper than ever. By spreading free-market capitalism around the world, which is the base of globalization, "the market forces rule and the more you open your economy to free trade and competition,

the more efficient and flourishing your economy will be"(Friedman 1). This theory is interesting but there is no concrete evidence that makes this claim true, even if it were to be true how long would it take for the economy to actually change.

The problem with globalization is similar to that of the problem with the tax cut debate. The rich are getting richer and the poor just stay poor. Even if the poor were to get a little richer it would not mean that the poor are getting a fair share or the benefits of economic interrelations.

Over the past few decades globalization was not something that the people of our world asked for. It is more of a globalization from above. It has been a business driven process through the use of different strategies and tactics. Globalization's driving force according to Dr. Andargachew Tiruneh is, "using money to make money by any means available to those who already have a great deal"(Tiruneh 1). This can be closely assimilated with Capitalism in the respect that capitalism states that an economic and social regime in which the ownership and benefits of productivity assets were appropriated by the few to the exclusion of the many. The capitalist idea is, "that there is a borderless global economy in which money and goods can be moved freely in search of short-term maximum profits without regard to the consequence for people, communities and nature"(Tiruneh 1).

Globalization along with everything else ha

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Approximate Word count = 980
Approximate Pages = 4 (250 words per page double spaced)

Category: Science