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Formal memo(globalization) - Essay Example

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To agree that globalization is a term that needs a definition that suits the 21st century, because it is still an elusive concept unless…
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Formal memo(globalization)

The concept also relies of consensus and cooperation among nations (Boudreaux 2007)
The world globalization was already used in the 1960s, but its true meaning was not sought until the 1990s, and especially after 9/11. Its meaning is not altogether clear to everyone. Perhaps the best definition was found by the Carnegie Endowment website: ‘Globalization is a process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investment, and aided by information technology’ (Boudreaux 2007). Most of the world’s cooperation is unintentional and unstructured, and comes in the form of trade, and perhaps the cooperation of providing aid to poor countries, or that following some catastrophic disaster. Many think of globalization as something that causes competition among the world’s countries and their commerce, trade and exchanges. What many hope that globalization will bring is a beneficial coordination of the plans and actions of millions of people around the world, as a system of global cooperation. Healthy competition combined with a model of cooperation when it comes to resources, the environment, pooling of services, and provision of goods, seems like a great combination. A vast web (Boudreaux 2007) of cooperation seems plausible when we consider the speed of modern transportation and communication. It is necessary, to minimize ecological impact.
The readings I plan to make have a potential of several deductions and conclusions, which will be of great interest to companies, trade groups, environmental movements, industry leaders, social forums, commercial syndicates and lobby groups. My proposal can reach a number of these, of which I shall make a list. To have the greatest reach, a website with relevant information would be a good goal.
3. Globalization, a book by Donald Boudreaux, which provides some relevant information about its ... Read More
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