History and Political Science - Admission/Application Essay Example

Spatial economic activities vary in scale from location, time and status. Global economy has been continuously changing as a result of international trade, information flow via communication networks, resources and capital flows regionally and spatial labor distribution. Globalization has been a major factor in determining the global economy patterns and process and their impacts on the environment. The best way to understand global economy patterns is by looking at the changing production activities of services and goods and the way they are being utilized and consumed by different people all over the world.

This paper is going to focus on the economic global activities and their relations with the environment, look at the role the changes in technology play in global economy development, explores the trade existing between different nations from historical times until now and how such trade relations have resulted into economic networks and interdependence, and analyze the regional patterns of consumption and production caused by global economy. Globalization Since the historical times, it has been founded that the principles of investment and trade and further enhanced by technological information.

The entire procedure of globalization impacts on politics, economic development, culture, and environment all over the world transforming the global economy of many nations. A more celebrated and conspicuous achievement of globalization is the rapid economic growth in the last quarter of the past century in several mid- income developing economies. Every country comes up with policies and decisions that enable them to be positioned to maximally attain the gains while minimizing the predicaments associated with their respective economies.

One of the prominent Millennium Development Goals is the one which seeks to ensure that by the year 2015, 27% of the population living below the dollar threshold will have been reduced to 14%. In addition, the number of people who suffer from hunger will have been reduced to half of their current population. Globalization has its positive effects as well as its flip side to the environment. It has been realized that globalization results have had a hurting impact on poor people from various countries.

As a matter of fact, the negative impacts of globalization mostly affect people who have lower levels of skills with regard to this matter (Alchian 212). Incidents of poverty in most developing countries have declined over the years as a result of globalization. At the onset of globalization, many people found themselves being affected negatively since they did not meet the globalization requirements threshold. As a result, there were rather high rates of unemployment and also, businesses were being closed.

All these factors remain constant for the average people in countries which have not been adversely affected by globalization. Nevertheless, these are exclusive and short term phenomena. The concept of globalization has drawn the interest of many admirers all over the world. Its significance and relevance extends beyond politicians, economists and policymakers to the general public. As a result, it has acquired a lot of force and meaning. The multifaceted and multidisciplinary nature of globalizati