The Effects of Economic Globalization on Cultures Around the World
The Effects of Economic Globalization on Cultures Around the World
Dawson College 300-303-DW Section 2
Abstract
This paper attempts to explain the possible effects of economic globalization on cultures around the world. It concludes that there is a possibility for American culture to be spread all over the world, and become the dominant culture of the globe. In doing so there is a possibility for the loss of culture in all nations and it being replaced with American culture. This paper also discusses the potential loss of national identity among nations, and especially among smaller, lesser known, and developing countries. It also discusses possible causes for this phenomenon as well as possible solutions.
Although economic globalization is often thought of as an over-hyped fad of the 1990s (Naim, 2004) it has already begun on a large scale, and the consequences of which can be seen around the world. Economic Globalization can be defined in this case as the expansion of global financial markets, the growth of multi-national organizations, and the standardization of economies on a global scale (Tavin, & Hausman, 2004). This type of globalization has a profound effect on cultures around the world. Culture can be defined as the shared ideals, values, and beliefs that people use to interpret experience and generate behavior, and that are reflected by their behavior. In this case, the effect economic globalization has on the artistic facet of culture will be the focal point. As the phenomenon of economic globalization progresses it will become easier for corporations to become multi-national. The first corporations that are able to succeed in doing this will create monopolies or oligopolies in their respective markets, making it extremely difficult or impossible for smaller corporations to compete, thus driving them out of the market. With fewer companies leading the marketplace, there will be a smaller range of different products to choose from. If these
Dawson College 300-303-DW Section 2
Abstract
This paper attempts to explain the possible effects of economic globalization on cultures around the world. It concludes that there is a possibility for American culture to be spread all over the world, and become the dominant culture of the globe. In doing so there is a possibility for the loss of culture in all nations and it being replaced with American culture. This paper also discusses the potential loss of national identity among nations, and especially among smaller, lesser known, and developing countries. It also discusses possible causes for this phenomenon as well as possible solutions.
Although economic globalization is often thought of as an over-hyped fad of the 1990s (Naim, 2004) it has already begun on a large scale, and the consequences of which can be seen around the world. Economic Globalization can be defined in this case as the expansion of global financial markets, the growth of multi-national organizations, and the standardization of economies on a global scale (Tavin, & Hausman, 2004). This type of globalization has a profound effect on cultures around the world. Culture can be defined as the shared ideals, values, and beliefs that people use to interpret experience and generate behavior, and that are reflected by their behavior. In this case, the effect economic globalization has on the artistic facet of culture will be the focal point. As the phenomenon of economic globalization progresses it will become easier for corporations to become multi-national. The first corporations that are able to succeed in doing this will create monopolies or oligopolies in their respective markets, making it extremely difficult or impossible for smaller corporations to compete, thus driving them out of the market. With fewer companies leading the marketplace, there will be a smaller range of different products to choose from. If these
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