Preview

How Globalization Went Bad

Better Essays
Open Document
Open Document
1196 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Globalization Went Bad
HOW GLOBALIZATION WENT BAD

Article 51: How Globalization Went Bad
From Terrorism to Global Warming

Emily Hudak
Dr. Trautman
January 20, 2011

Abstract
Steven Weber believes that “evils of globalization are even more dangerous than ever before.” In his article he describes what has gone wrong, gives reasons for the instability, and provides solutions.

Article 51: How Globalization went Bad
From Terrorism to Global Warming In the Article “How globalization Went Bad” by Steven Weber et al. the author describes several reasons why having the United States as the single super power in this modern global market is not exactly a good thing. Weber says that the “evils of globalization are even more dangerous than ever before…The world has more international terrorism and more nuclear proliferation today than it did in 1990. International institutions are weaker, and the threats of pandemic disease and climate change stronger. Cleavages of religious and cultural ideology are more intense, and the global financial system is more unbalanced and precarious.” All of this is due to several key factors. In a section called “The Dangers of Unipolarity” Weber describes three axioms that he says reveal these dangers, and he goes on to provide a solution to the United States’ burden with two strategies.a “Axiom 1: Above a certain threshold of power, the rate at which new global problems are generated will exceed the rate at which old problems are fixed.” According to Weber “power does two things. It enhances the capability of the state to do things…and increases the number of things the state must worry about.” Weber compares this theory to the law of diminishing returns. Because powerful nations are so influential in every corner of the world, they can do anything by using leverage resulting in the creation of massive debt. Every powerful nation has fallen to “the law of diminishing returns.” Weber blames the fall of Byzantines and the Romans to this idea.



References: Fry, E. (2011). The persistent myth of american economic dominance. Daily Reckoning, Retrieved from http://dailyreckoning.com/the- ersistent-myth-of-american-economic-dominance/ Okolo, S. (2011). Ezine articles. Retrieved from Http://ezinearticles.com/?Reasons-for-Globalization&id=1132215 Weber, S., et al. (2007). How globalization went bad. Annual editions: American Government, 2010-2011, 201-204.

You May Also Find These Documents Helpful

  • Powerful Essays

    The book is broken up into four major sections. The first section of the book explains today’s globalization system and how it functions. The second section explains how countries, communities, companies, and individuals interact with the system. The third section is dedicated to those who are against globalization, or the “backlashers.” Finally, the fourth section explains the role of the US and how we should be functioning and…

    • 1275 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    This paper presents a review of Thomas Friedman's book about the progress of globalization in the early 21st century. The paper examines the major points in the book and discusses the strengths and weaknesses of Friedman's arguments.…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Case Study on Asos

    • 3973 Words
    • 16 Pages

    ASOS is an online retailer who has taken over the virtual shopping sector in the current market. They have proved their methods of marketing and branding with…

    • 3973 Words
    • 16 Pages
    Best Essays
  • Good Essays

    The 20th and 21st centuries have challenged individuals and communities to find ways to successfully navigate the ever changing reality of the global world.…

    • 1162 Words
    • 34 Pages
    Good Essays
  • Powerful Essays

    When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.…

    • 1198 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Being that multinational firms have contributed to economic growth in the developing world there are risks of growing corporate power and with its power comes its abuses. The pursuit of a just society involves careful balance of these two necessities with regard to the corporate sector. Since corporations are responsible for much of the wealth and many of the jobs in these third world countries we would have to encourage the corporate sector that justice and fairness require them to not exercise unequal power. Corporate driven economic development raises living standards and thereby reduces the injustices associated with the act of being deprived. The people who live in poor countries legitimately seek the distributed improved levels of health, education, and material comfort that are promised by a future of economic development.…

    • 357 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Globalization Myths

    • 497 Words
    • 2 Pages

    Globalization: The Good, The Bad, and the Uncertain. (2012, February 01). The Globalist. Retrieved Tuesday October 9, 2012, from http://www.theglobalist.com/…

    • 497 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    A Sample Position Paper

    • 1259 Words
    • 6 Pages

    After the bloody clashes between anti-globalization protesters and the police in Genoa, globalization is once again on the world's agenda and it is here to stay. A dream to some and a nightmare to others, globalization is a widely debated issue among journalists and scholars, among intellectuals of all profiles, business people and decision-makers alike. Benjamin R. Barber, Walt Whitman professor of political science, and Stephen J. Kobrin, professor of multinational management, both join the discussion, each giving his own vision of what the post-modern future of this globalized world might look like.…

    • 1259 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Intercultural Leadership

    • 6009 Words
    • 25 Pages

    international relations, today organizations face a need to equip the majority of their leaders and…

    • 6009 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    Background: We have spent the past week learning about the globalization trend that has changed the political, cultural and economic landscape of the world. Over the course of our discussion we have covered both positive and negative implications for the American worker and student.…

    • 915 Words
    • 4 Pages
    Good Essays
  • Best Essays

    This essay will explore the ideas that have raised around the issue of globalization within international politics, trying to give a response on whether they have suffered a transformation or not. With this purpose, I will first try to give a proper and widely accepted definition of globalization. On a second section, I will look at the different perspectives defended by globalists and sceptics, as the theories proposed by both are quite relevant to understand the reach of the current circumstances.…

    • 4198 Words
    • 17 Pages
    Best Essays
  • Good Essays

    Economic Globalization

    • 663 Words
    • 3 Pages

    It is a difficult task to provide a clear-cut judgment on whether economic globalization is beneficial to overall the world economy. We see more states joining the World Trade Organization (WTO). We also see protests where people roaring “down down WTO”. The reason why we see this phenomenon is that economic globalization is a two-edged sword. While providing new opportunities, economic globalization also means risking its own domestic economy. It is important to carefully examine both the benefits and harms of this two-edged sword.…

    • 663 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The term “globalization” is increasingly being tossed around as a global issue/ concept and with increasingly diverse connotations. The simplest definition claims that globalization is the process of making something worldwide in scope or application. That considered, globalization is neither an innately negative nor positive phenomenon. It can be referring to the spread of ideologies, political systems, social institutions, culture, and most influentially, economic systems. Ever since the end of the Cold War, capitalism has been the dominant economic system, and thus the focus of concern.…

    • 1138 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The Rise of Globalization

    • 1454 Words
    • 6 Pages

    Globalization is growth to a global or worldwide scale and there are three key elements that contribute to worldwide growth. These elements are culture and economy. These are very important topics in the world and without them; the world would not be connected in any way. “The term ‘globalization’ sometimes takes on different meanings for different people and in different circumstances. For example, sometimes the term is used to refer to the increased role of large, multinational corporations in the world economy. People in developing countries outside the United States sometimes use the term to refer to the dominance and influence of the United States on the world economy” (10 Questions 5). This quote portrays that everyone has their own personal definition of what globalization is based on their experiences in the world, whether they have no job and live in a country whose economy is suffering greatly, or they make a good living for their family and the economy is steady. No matter what the situation is globalization is not all about the influence of the United States but rather every country and how they contribute to globalization. Culture is rapidly spreading around the world. A big part of culture is pop culture and although the US is a contributing factor to the expanding pop culture of the world, every country has different aspects of pop culture. Economically, trade and business are factors that are positively affecting the world. While jobs around the world are increasing, that positively affects the economy of the world. Globalization is a positive force culturally and economically in the world and although there are both pros and cons of globalization, the results are mostly positive.…

    • 1454 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Globalization Essay

    • 1654 Words
    • 7 Pages

    Globalization is the trend towards a single, integrated, and interdependent world. Some humans may not even realize globalization plays a part in our modern lives, but examples that may be classified as evidence of this trend include: the ability to buy products from dining cuisines belonging to myriad of different ethnical cultures, a joint project in which a multinational group of astronauts are sent to the moon, the visit of a Canadian circus troupe to China, the establishment of international and intercontinental trade agreements, and the ability to watch a live television broadcast from a foreign television station. These examples are made from looking at globalization as a whole, but from an economic perspective, the definition of globalization changes. “A phenomenon by which economic agents in any given part of the world are affected by events elsewhere in the world; the growing integration of the national economies of the world to the degree that we may be witnessing the emergence and operation of a single worldwide economy.” (Arnold 41). This definition is still very closely related to the aforementioned denotation; in fact, the meaning behind the words is the same. In other words, globalization is the growing liberalization of international trade and the movement of capital, resulting in the increase of the integration of national growing economies. Our modern world is a prime example of a civilization that is undergoing globalization. By examining the observable effects of globalization on our world, we can determine whether ambiguous and advancing neoliberalism is beneficial to our economy. Upon the assessment of globalization through the factions of or relating to economics, such as trade, the worldwide market, flowing capital, standard of living, placement of jobs, and international dependence, it would not be a stretch to say though there are unfavourable side effects, they are outweighed by the benefits and globalization is a…

    • 1654 Words
    • 7 Pages
    Good Essays