StudentShare solutions
Triangle menu

Who are the 'winners' and 'losers' in globalization - Essay Example

Not dowloaded yet

Extract of sample
Who are the 'winners' and 'losers' in globalization

the article concludes that the prospects for a satisfactory synthesis of a liberal economic theory of globalization, a normative political theory of the global public domain, and a new social bond are remote"( Devetak & Higgott 1999). Largely looking in terms of distribution of economic benefits of globalization it can be surmised that entrenched vested interests and inequalities have remained or even worsened. These inequalities, by themselves, would make any concept of global polity, economy or social bond from arriving in synthesis for maintenance of global social order. We examine the extent of inequalities below.
Again in a slightly different context Phillip W.Jones makes a statement which is extremely relevant to the definition of globalization in present context. Jones states that," The logic of globalization contrasts markedly with that of internationalism. The latter, with its intrinsically democratic foundation, looks to a world ordered by structures supportive of that functionalism which is embedded in accountability. Globalization, by contrast, implies few logical imperatives in favour of accountability, but rather looks to the pursuit of interest on the global level through the operation of unfettered capitalism"(Jones,1998).
Examining the globalization context from economic point of view prima facie capitalist motives of profits appear predominant. New technological developments, improvements in communication, growth in transnational infrastructure and liberalizing of trade and capital flows have enabled entrepreneurs the globe over to deploy and run their capitals chasing markets the globe over. The globalization aligned attitudes of IMF and World Bank are exemplified with clarity by Jean-Claude Trichet, President of the European Central Bank, when he says that," The key aim of today's policy makers has not changed compared to those at the Bretton Woods times - it has been, and still is, global prosperity and stability - but the environment in which we are acting has changed profoundly......Today we are striving for stability of the international financial system in a world of free capital flows with a growing importance of private flows and increasing trade and financial integration"(Trichet, 2004).
As Roby says," world-wide output and trade have grown apace with market openings and the rise of efficient global business networks these past 15 years. An entrepreneurial class is energizing once-stagnant command economies" (Roby, 2005). It is at once apparent that this 'entrepreneurial class' is essentially limited in number the globe over. They also have limited spheres of influence. Consider for instance, the pharmaceuticals giant Astra Zeneca (AZ) has multinational operations and employs just about 65000 employees globally (Annual, 2004). Such instances abound in almost all industrial and commercial sectors where spread and success have been limited. Has AZ been able to provide cheap drugs to global population-perhaps no. We perhaps need more global entrepreneurs in each activity to raise ...Show more

Summary

This paper examines the impact of globalization primarily in terms of economic factors. It is generally presumed that the concept of globalization would usher in economic advantages which must accrue to the entire globe rather equitably. …
Author : ovahoppe
Who are the winners and losers in globalization essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Who are the 'winners' and 'losers' in globalization"
with a personal 20% discount.
Grab the best paper

Related Essays

Why does globalisation generate winners and losers
The concept of globalisation can be attributed to the liberalization of trade where the barriers which used to exist among nations were removed and different countries can now engage in free trade. However, globalisation has been criticised by some sections because it is responsible for generating winners and losers.
3 pages (750 words) Essay
The retail revolutions in the UK and US. Similarities and differences, the winners and losers
Compare and contrast the retail revolutions in the UK and US. What are the similarities and differences and who are the winners and losers? Table of Contents Table of Contents 2 Introduction 3 Global Retailing Industry 3 USA Retail Revolution 4 UK Retail Revolution 6 Similarities and Differences between the Two Retail Revolutions in these Countries 9 Conclusion 11 Reference 12 Introduction The influence of UK supermarkets has been persuasive in reaching new arena of freshness through the IT driven distribution system, setting up pizza fashions, adopting and discarding ideas and in introducing new configurations of production and distribution processes.
8 pages (2000 words) Essay
Winners and Losers in the Arguments for Free Trade
Winners and Losers in the Argument for Free Trade. Free trade can be defined as the ability of most countries to either export or import without any regulatory or government restraints. Economists posit the fact that free trade leads to the increase of trade and productivity among countries via decreasing various barriers to trade.
4 pages (1000 words) Essay
The French Revolution of 1789-1799: Causes, Effects, Winners and Losers
This research aims to evaluate and present most important complaints against the feudal order and the absolutist monarchy; most pressing wish to see changed and why. The discussion will attempt to address the primary question framed as follows: How the events of the revolution strengthen positions?
5 pages (1250 words) Essay
Globalization and Its Biggest Winners and Losers
Globalization and Its Biggest Winners and Losers. Globalization and its biggest winners and losers Introduction Globalization can be visualized as the gradual process in which the world is slowly being connected because of increased trade as well as cultural exchange (Jacobs and Michael, 2003).
5 pages (1250 words) Essay
Ancillary Effects of Contemporary Globalization: Cultural Winners and Losers
These cultural changes, both in terms of benefits and costs, are hardly insignificant; quite the contrary, it can be argued that these cultural trends may very well reshape the world as we know it today. These changes, though, are the subject of increasing debate.
3 pages (750 words) Essay
Economics: globalization
A study of a few facets of globalization will reveal whether globalization is for the better good. Trade. World trade and capital markets are becoming more and more seamless. During the 20th century the share of developing countries as per an IMF report on Globalization, increased from 19 percent in 1971to 29 percent in 1999.1
5 pages (1250 words) Essay
What are the arguments for and against focussing on skilled migration In answering this, specify who are the winners and losers What are the limitations of the Governments skilled immigration policy
International Labour Organization (ILO) estimated that out of 175 million migrants, half of them are workers all around the world (Gordon and Mailman 1959). Migrants do not only promote the economic standard of their host
6 pages (1500 words) Essay
Globalization
The author of the essay comments on the advantages and disadvantages of globalization. Namely, it is stated that the pro-globalization forces view the structural arrangement that corresponds to power distribution in the three concentric circles. According to Emanuel Wallerstein, these power circles are comprised of core, semi-periphery, and periphery.
8 pages (2000 words) Essay
Who are the typical winners and losers in an inflation and how does inflation make them winners or losers
A higher inflation rate will also benefit homeowners who purchased during the peak as it will bring equity. Auto-loan holders who acquired it before inflation will have an advantage when inflation is high since they
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation