What is globalization

Document Type:Research Paper

Subject Area:Politics

Document 1

In other words, conceptualizing globalization as a process calls for evaluation of advancements of interactions of individuals, businesses and governments within a global setup. The drivers of the advancements in the scale of interactions and integration range from innovations and inventions in the communication technology, increased demand for international trade, individual desires to exchange ideas, cultural assimilation, modernization and increased foreign relationships, to mention a few. In context, globalization assumes primal economic structure of interactions whereby the exchange of goods and services, ideas, culture and political diplomacy takes center stage in defining and exemplifying the process. In the same fashion, the economic realities of scarcity and uneven distribution of natural and human resources warrant international interdependence and cooperation that in turn lead to transfer of factors within the defined and internationally accepted or agreed prisms of engagement (Robertson 2018, 63).

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Comparatively, globalization revolves around the cultural, economic and political aspects of growth and development; guided by movement of people and dissemination of knowledge and ideas within the prisms of trade and transactions, the movement of capital and investments, migration and international affairs, business and cross-boundary organizations, and this paper seeks to extrapolate the process in topical orientation. From an economic perspective, trade protectionism policies limit unfair competition by shielding upcoming industries of competition from foreign and well-established industries, while facilitating other economic incentives to ground their growth and development. Therefore, sound and applicable legal frameworks to guide interactions not only streamline the whole process of globalization, but also trickles in economic benefits to the participating entities. Notably, globalization boosts foreign direct investments of the participating economies whereby technology transfer, growth of global companies and industrial restructuring tend to have greater returns on investment (Costinot and Rodriguez-Claire 2014, 204-205).

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In a broader perspective, globalization helps in boosting a country or company’s economies of scale that comprehensively reduce the costs of production, and in turn reduce the general price of the finished products; increasing the household disposable income, leading to increased saving and investment, thus spurring further economic growth. In addition, the growth of interdependence between economies and calls for equity in distribution of wealth and the general social welfare grounds the importance of globalization in ensuring free and uninterrupted flow of factors of production, skills and ideas to bridge the gap brought about by the scarcity of resources across geographical divide (Gurgul and Lach 2014, 102). That is, the free movement of individuals and entities to foreign economies help in transfer of skills and human capital and ideas that streamline the basis of political and social interactions of a country within the international context (Kahler 2015).

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Primarily, political globalization helps in promoting internal sovereignty and territorial autonomy such that governments can formulate, manage and implement policies that impact them as a nation and those that have international impact. With such, political globalization draws its relevance in providing a framework with which economies can interact and train each other on the territorial autonomy and natural political authority. In the same fashion, political globalization streamlines the basic concepts of territorial authority by impacting on the legitimization of political and social inclusion as the prerequisites for internal harmony (Solingen and Malnight 2016). Nevertheless, perceptions of political globalization come in different interpretations, with political annexation and imperialism or neocolonialism taking the center stage. Notably, while economic and political globalization tend to assume immediacy in application and implementation, cultural globalization tends to take longer as individual seem skeptic in assimilating foreign cultures with limited knowledge.

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For instance, in the analysis of the basics of cultural globalization, the conceptual framework that attempts to promote western culture to Africa and the global prospects of Americanizing the globe posits the relevance of time and incentives to advance the agenda (Crane, Kawashima and Kawasaki 2016, 22-26). For instance, in the initial stages of cultural globalization, the western world encouraged human migration through facilitation of trade, creation of social and economic networks with targeted economies, establishment of modern religion and spread of modernity backed by incentives in a bid to help African communities consume and assimilate the western culture. In context, the spread and establishment of sound cultural globalizations stems from implementation of legal and social frameworks to support and sustain economic globalization; streamlining cultural assimilation over time through consumption of goods and services with an international touch of meaning and significance.

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Justification of Cultural Globalization As a way of spreading cultural and social ideas from a place to another, cultural globalization assumes a pragmatic approach of extending the economic aspects of globalization. For instance, the desire to consolidate and integrate global economic order of industrialization results in a myriad of environmental challenges such as air and water pollution and global warming, which in turn necessitates global and analytic review of mitigation strategies to help in salvaging human survival in the long run. Correspondingly, a holistic evaluation of globalization as a process epitomizes the grand analysis of human growth and development from a myriad of perspectives that play key roles in realizing an all-round developed world with near-equal opportunities despite geographical disparities. Similarly, evaluating globalization on the basis of conflict and diplomacy helps historians or political scientists conceptualize on the history of human development in terms of systems and social cognition over time, and how the transformations bring out human understanding and appreciation of their origins and destiny (Beneria, Berik and Floro 2015, 4).

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In addition, with economic perspective taking precedence in understanding and exemplifying globalization as a process, the interoperability of social and economic institutions epitomizes the degree of interdependence at personal, company and country levels. In a broader perspective, the degree of interdependence supplements the economic and cultural perspectives of globalization that stem from the desire to bridge disparities of knowledge, basic human needs, ideas and cultural heritage; prerequisites of an all-round human growth and development (Amin 2014). Beeson, M.  Regionalism and globalization in East Asia: politics, security and economic development. Macmillan International Higher Education. Benería, L. , Berik, G. Costinot, A. and Rodríguez-Clare, A. Trade theory with numbers: Quantifying the consequences of globalization. In Handbook of international economics (Vol. 4, pp.  Global culture: Media, arts, policy, and globalization.

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