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Global Performance of German and France - Essay Example

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Global Performance of German and France

It is hard to say whether the impact has been positive or negative because there is lot of gap and difference between the status in the middle and upper and lower middle and low classes of business. Globalization has widened this gap to the extent that they look un-breach able. Whichever way you look at this transformation it is obvious that globalization is an economical aspect. And it is good that it is; the onset of globalization has kick-started a movement of liberalization of independent thought process, which due to the heightened global interconnectivity may prove more successful than it ever was in any of the past socio-economic and cultural revolutions and in this respect these two countries, France and Germany, cannot be overlooked. (Dos, 441-442)
Globalization is a big word today and one that has changed the way we look at and understand things around us. What is actually globalization? What do we understand by this word? Globalization is simply the predisposition of the economy through business, knowledge through technology and thought through philosophy to spread globally. Globalization can also mean the process by which this happens. This term is almost synonymous with intertwining of markets and economies without any consideration for physical border or legal restraints and it general it is well applicable for France and Germany. (Fletcher, 188)...
The downside is that globalization seems to profit the rich more and the poor less, thus widening the gap further. It is true that globalization actually means the broadening of global linkages, while also impacting upon the social and cultural dimensions of the global society, hence propagating a one-world-citizenship which has one economy, one culture and one social order. Ecumenically globalization's definition would be complete with the above classifications. But there are many inroads in the understanding of the term. This is the process with which the poor countries can think of modernization and global competition, enhanced living standards, and work opportunities; on the other hand this very same process is the one which can destroy economies by sudden influx of foreign capital, can destroy marginalized workers livelihood and destabilize national banks. Hence, globalization literally is like a coin - with two very separate sides and much of it is realized in France and Germany.
However it should be mentioned that France is much well placed in terms of economy in this context when compared to Germany. At the same note it can be mentioned that the economic equilibrium in the international level is changing very quickly with the affects of financial flows and increasing trade. It is globalization that forces us to re evaluate the position of Europe along with major countries like France and Germany in the world market. This new wave of economy has given enough impetuous that positions held about three years ago are certainly to be changed. As it is these two countries are not doing in a very favourable mode in the international economic sector and domestically these two countries are witnessing rising inequalities with industrial instability as ...Show more
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Summary

The term globalization has brought some positive impacts and some negative impacts on the world market economy. As with all types of changes, this massive economic revolution has impacted the marginalized people as well along with business. …
Global Performance of German and France
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