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Department
Economics
Course
ECON 2105
Professor
Lena Ting
Semester
Spring

Description
ARGUE FOR AND AGAINST THE ASSERTION THAT ZIMBABWE IS IMMUNE FROM THE FORCES OF GLOBALIZATION? ( 25) ANSWER For us to understand globalization we have to define what is meant by globalization. Many scholars have defined globalization in so many ways, “Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalization is characterized by an increased cross border flow of trade in goods, services, and financial assets along with an increased international mobility of technology information and individuals (Melvin, Boyes). This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. There are forces of globalization that are mainly technological, economic, political and cultural and social. When looking at immunity we are going to look at it in the context of whether Zimbabwe has not been affected by the forces of globalization or not immune meaning that we have been a part of this global movement. In Zimbabwe we have been affected by economic globalization, by economic globalization were are referring to changes in capital flows, production systems, markets and trade in goods and services. Common indicators of these changes in Zimbabwe are trends in international trade, which are imports and exports, foreign direct investments and international finance. The growth of international trade is a straight forward indication of economic globalization. In Zimbabwe, for example we read labels on our clothing and groceries showing that they were made in China, America, or Mexico. In recent years we have seen an increase in the number of cars that are being imported from Japan and the United Kingdom. I therefore argue that we are not immune to globalization because as a country we cannot produce everything we are also dependent on other countries for example commodities such as fuel we depend on oil rich countries like Iran and Libya for our fuel and oil needs. Economic globalization in Zimbabwe has been facilitated because of our policies on trade liberalization and the easing of barriers to trade and investment by our government. How can we say Zimbabwe is immune to globalization yet there is an increase of multinational enterprises and foreign direct investment in our country, for example the People’s Republic of China has sunk in more than half a billion dollars in foreign direct investment (FDI) into Zimbabwe in the past four years, and has lined up projects valued at more than $10 billion (Sunday Mail). Multinational companies in Zimbabwe include Price Waterhouse Coopers,British American Tobbacco, Barclays Bank,Old Mutual, Rio Tinto, Zimplats to name but a few. Another obvious reason as why we are not immune to globalization is dollarization in our economy that we adapted after the problems we faced during 2006 to 2009 of high inflation. After the fallout of our Zimbabwe dollar we are now using United States Dollars and other foreign currencies for trade. For the assertion that Zimbabwe is not immune to globalization, we have seen that we have not been left out by the force of technological globalization. New technologies have always played a crucial role in Zimbawe through globalization we have aeroplanes, cellphones, satellite based communication. In Zimbabwe through globalization we have benefited from technological innovations which have greatly increased our productive efficiency in our firms hence bringing about economic growth. The new revolution has occurred in the information and technology which we now call ICT .Zimbabwe is not immune to globalization because we find that we have an ICT ministry which is a ministry on its own and is headed by Minister Nelson Chamisa who was also on the record for saying that “ Zimbabwe is moving ahead with plansto push its ICT sector to the next level by 2015”, orchestrated through the Zimbabwe National ICT Policy Frameworkfirst launched in 2007 and was adapted to keep up with industry developments (Newsday Zimbabwe).Technology has with no doubt had a great impact in our nation, technology improves all sectors of the economy that include agriculture, industry and commerce, health, education, defence, local government, transport, energy and water. Another force of globalization here in Zimbabwe has been political globalization. Political globalization refers to the changing global context of political awareness, political processes, and political activity (Holton 1998). As globalization has intensified over the last five decades it has become increasingly difficult maintain the popular fiction of the great divide (Brown 1992).The concept of global politics focuses our attention upon the global structures and processes of rule making, problem solving and maintance of security and order in the world system. Zimbabwe is not immune to globalization because we are increasingly involved in worldwide webs of multilateral institutions and multilateral politics such as NATO, United Nations, Internatinal Labour Organisation and. Permanent Mission of Zimbabwe to the United Nations has been on the Security Council and continue to contribute to peace-keeping operations around the world. The herald newspaper on 25 May reported that the Zimbabwe National Army is training officers for a peace keeping mission in Syria. The global institutions in our country like the United Nations influence the governance of this country they function with variable effect to promote, regulate or intervene in the common affairs of humanity. Zimbabwe has been forced to join these institutions because globalization has brought about pollution, drugs, human rights and terrorism issues that go territorial boarders and existing political jurisdiction and thereby we are required international cooperation for us to be able to combat these issues. A clear sign that we are not immune to political globalization is the number of embassies in our country we representatives of
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