International business paper exam

College
Essay
Politics
Pages 5 (1255 words)
Download 0
Globalization - the growing integration of economies and societies around the world - has been one of the most hotly-debated topics in international economics over the past few years. I would like to describe three basic theories of globalization: world-system theory, world cultrure theory and world polity theory…

Introduction

It is a capitalist world-economy because the accumulation of private capital, through exploitation in production and sale for profit in a market, is its driving force; it is "a system that operates on the primacy of the endless accumulation of capital via the eventual commodification of everything" (Wallerstein, 1998).
A polity is a "system of creating value through the collective conferral of authority" (Meyer, 1980). Nation-states are, of course, the invention of early modern times, institutions produced by the rise of capitalism. Capitalism required a jettisoning of the feudal regime with its patchwork of autonomous sovereignty. Difference was absorbed into the homogeneity of the nation-state, producing a unified legal code that protected private property and the investment of the capitalist and allowed for the circulation of a single currency. This economic act was, of course, represented as the creation of a harmonious community of people with a common language and a coherent culture and worldview.
World culture theory is a label for a particular interpretation of globalization that focuses on the way in which participants in the process become conscious of and give meaning to living in the world as a single place. ...
Download paper
Not exactly what you need?

Related papers

International Security
Protection is also provided by PMCs nationally and internationally. They also give their services to supplement those services given by armed forces. They provide these services in places where there are no security details that are personal are involved. This means that the state actor is not involved in this case. 1…
International Relations
Such research can bring the certain contribution also to the discussion about political "realism". The realistic theory usually is considered as the most consecutive interpretation of the essence and the reasons of political events such as confrontations, military alliances, diplomatic negotiations and international relations as a whole. Realists have managed to create the elegant theory of the…
Public Law exam question
Its is been examined and argued that existing constitution of UK is loose assemblage of defining conventions and institutions and concluded that it lacks the checks and balances needed to make it a democratic system of governance.…
International business paper exam
It is a capitalist world-economy because the accumulation of private capital, through exploitation in production and sale for profit in a market, is its driving force; it is "a system that operates on the primacy of the endless accumulation of capital via the eventual commodification of everything" (Wallerstein, 1998).…
International Governance
Globalisation is simply spreading of particular philosophies, ideas, technology and governance all over the world. All countries become one unit and they are all governed by the same set of rules. The concept of international governance came in to fight poverty, war among countries, environmental degradation and to set up equal opportunities for everyone in all countries. The call to fight…
International Organizations
The lack of transparency in its procedures and the tendency for some or all of the permanent five to caucus in private are cause for concern. A more serious concern is the composition of the Council. It is not reasonable to suggest that the five winners of the Second World War, with the assistance of ten additional rotating member states, comprise a representative, legitimate or authoritative…
International Boundaries
(Hussein, 1994)…