This paper intends to discuss a complicated theme of globalization in the world economy and politics throughout the history and its contemporary state in particular. Most of the researchers outline two main globalization theories: the Gap Hypothesis and the Convergence Hypothesis…
In effect, increased globalisation has encouraged the open economy and free movement of trade while maintaining a closed door policy to the globalisation of human capital across national borders in the western industrialized nations. Instead, globalisation is viewed in a one way fashion. Increased industrialization of developing and third world countries were technologically advanced nations can benefit from the cheaper labour pool, the natural resources of the host country and the desperation of the host countries for an infusion of capital without the reciprocal movement of human capital movement to the west. Klein continues in this vein stating “the seventy to eighty-five million migrant workers world wide are more than the unseen side effect of ‘free trade.’ Once displaced they also enter the free market…as commodities, selling the only thing they have left: their labour.” Hannicles (2005) reminds us that even with the seemingly extensive migration in recent years, migration is a widely engrained, accepted practice throughout history. “Stimulated by decolonization, modernization, demographic imbalances, and global economic inequalities, international migrant movement has reached unprecedented levels and continues to accelerate”. Fass (2005: p. 938) reminds us, likewise; “The mass movement of populations, whether associated with war or with economic change (and since these are frequently related, to both), is hardly new.”” Since the dawn of time man has migrated. Geographic boundaries are merely societal imposed features of culture to produce an ‘us’ versus ‘them’ phenomenon which have existed since our earliest recorded accounts. As an example Fass (2005) points to our more recent past when during the 17th and 18th century,
a period when empires collided and brought large portions of the Americas, Africa, and Asia into the European force field. So expansive was that world, that one historian, David Hancock, has described its innovative and wealthy beneficiaries as Citizens of the World. These collisions created the strong currents that led to an immense migration within the Americas, in Africa, and across the Atlantic and Indian Oceans (p. 938)
These same routes of migration are still in evidence today. It is neither new nor unique. What has brought the migration to the forefront in recent, ...
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(A Critique of Globalisation Theories Essay Example | Topics and Well Written Essays - 3500 Words)
“A Critique of Globalisation Theories Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.net/politics/274375-globalisation-theories.
According to Rothenberg (2003), “globalisation is the acceleration and intensification of interaction and integration among the people, companies, and governments of different nations” (pp: 1). Today, with the altering viewpoints, globalisation has emerged as “neologism of the new millennium” (Putko, 2006: 1).
Products of whatever kind and products that threatened world extinction began to dominate man’s quest for progress and development. That is materialism at its worst, or at its best. Recent authors and commentators assert that globalisation began at the end of the Cold War which was in the period 1989-1991.
It has been referred to as the homogenization of people’s tastes and demand patterns around the world as communications and information technology, and transportation of people and products has increased across borders. Homogenization of tastes may imply loss of threat to national identity but scholars argue that people being more and more knowledgeable about each other is also a dimension of globalization (Hammond and Grosse, 2003).
In essence, globalisation is a powerful real aspect with regard to the new world system, where it signifies one of the most prominent forces that assist in determining the future course of the world. Moreover, globalisation has various dimensions that assist in the process of making the world a single society.
Globalization is the expansion of economic, social and political activities of one region so that these activities have impact on people and their way of life in a different region of the world which can be miles away (Stohl 2004, P. 223). Globalization is a process of expansion of communal association across the world (El-Ojeili and Hayden 2006, P.12) as a result of lenient bylaws and enhanced communication in both public and private sectors.
In the ancient world, citizens in civilisations such as those of ancient Greece, the Mauryan Empire in India, the Han Empire in China, and the ancient Roman Empire all actively traded and interacted with people from foreign states and faraway communities.
Throughout the process, examples will be provided for ease of understanding.
Some sources say that there are four, while others say that there are five major factors that drive globalisation. In order to include the most possible information on this topic, the five proposed market drivers for globalisation will be covered in addition to the one with four (Yip's Framework).
Given the controversial and contemporaneous nature of the phenomenon, it is hardly surprising that countless books and articles have been published on globalisation. Of these, two shall be analysed and critiqued for the purpose of identifying each of the author's positions on globalisation and the state, on the one hand, and the effect of globalisation on international relations, on the other.
Globalization was the byword of the 1990s, reflecting the rapid growth of international financial transactions, the integration of developing countries into the world economy, and the information and communications revolution that brought satellite television, the cell phone, and the Internet to remote corners of the world.