: no 5
: DVA 1601
: 22 March 2013
: Define and explain the concept of globalisation (2 pages). Discuss the arguments in favour of and against globalisation (3 pages).
Table of contents
Definition and explanation of globalisation
Arguments in favour and against globalisation
The assignment focuses on the pros and cons of Globalisation and whether globalisation can continue to grow at the rate it is going. I have discussed how globalisation affects the poor, the economy, environment, technology and culture. Globalisation is a complicated and evolving process and has become one of the most debated issues around the globe. The topic is so debatable that there is no one conventional definition of globalisation. (Griffin 2007) “Globalisation is a complicated and evolving process and has become one of the most debated issues around the globe. The topic is so debatable that there is no one conventional definition of globalisation. However it can be narrowly defined as the inexorable integration of markets, nation status and technologies in a way that is enabling individuals, corporations and nations states to reach around the world, further, faster, deeper and cheaper than ever before”. Different globalisation dimensions will be discussed in this assignment.
Define and explain the concept of globalisation
Labonte et al (2004:1) in (study Guide, development problems and institutions, DVA 1601:139) elaborate on this neutral view of globalisation by explaining as follows: To some, it is an inescapable and primarily being process of global economic intergration, in which countries increasingly drop border restrictions on the flow of capital, goods and services. Acknowledged risks of more rapid spread of disease and pests accompany the speedier and more massive movement of goods and people, but these are not new. Risks can be managed and are more than offset by benefits in the diffusion of new ideas, technologies and steady global economic growth.
(Wikipedia dictionary: 2013) “Globalisation is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture”. Globalisation describes the interplay across cultures of social forces such as religion, politics and economics. Globalisation can erode and universalize the characteristics of a local group. Advances in transportation and telecommunications infrastructure, including the rise of the internet, are major factors in globalisation, generating further interdependence of economic and cultural activities.(Willet 2001a:1) in Study Guide, development problems and institutions,DVA1601:139) mentioned that globalisation captures a description of the widening and deepening of economic,political,social and cultural interdependence and interconnectedness.
Globalisation is composed of five dimensions: Economic, Political, Cultural, Ecological and Ideological. Economic globalisation refers to the intensification and stretching of Economic interrelations around the globe. It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions. Political globalisation refers to the intensification and expansion of political interrelations around the globe. Aspects of political globalisation include the modern-nation state system and its changing place in today’s world, the role of global governance and the direction of our global political systems. Cultural globalisation refers to the intensification and expansion of cultural flows across the globe. Culture is a very broad concept and has many facets, but in the discussion on globalisation. Topics under this heading include discussion about the development of a global...
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