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Globalization, Inequality, and Development

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Mc Kinon

Globalization, Inequality, and Development INTRODUCTION The Creation of a Global Village Most European cities and towns today have many North American-style supermarkets. Speakers of English are also numerous, so social interactions with Europeans is easier. It is also easy to receive news and entertainment from back home though the Internet. The Triumphs and Tragedies of Globalization People throughout the world are now linked together as never before. o International communication has become easy and inexpensive. o Between 1982 and 2006, when the worlds population increased by 41 percent, the number of international tourists increased by 205 percent. o International trade and investment have increased rapidly. o Many more international organizations and agreements now span the globe. o The internet did not exist in 1982, but in 2006 it comprised 439 million servers connecting more than one billion people from around the world through e-mail, file transfers, websites, and video conferencing. Globalization has transformed and improved the way we live. Not everyone is happy with globalization. o Inequality between rich and poor countries remains staggering. o It may also behurting local cultures and the natural environment. o Globalization, according to anti-globalization activists, is a form of imperialism, the economic domination of one country by another. o Globalization puts the entire world under the control of powerful commercial www.notesolution.com interests. o Contributes to the homogenization of the world, the cultural domination of less powerful by more powerful countries. GLOBALIZATION Globalization in Everyday Life Globalization implies that everything influences everything else in a globalized world. Global commodity chain is a worldwide network of labour and production processes, whose end result is a finished commodity. Manufacturing plants moved because those governments eliminated many of the laws, regulations, and taxes that acted as barriers to foreign investment and trade. Manufacturers started setting up overseas plants where they could take advantage of low labour costs. o The result was a new international division of labour. High-wage management, finance, design, and marketing services were concentrated in the United States and other advanced industrial countries, low-wage manufacturing in the less developed, industrializing countries. Sociology makes us aware of the complex web of social relations and interactions with which we are embedded. The Sources of Globalization Social scientists disagree on globalizations exact causes; most of them stress the importance of technology, politics, and economics. Technology Technological progress has made it possible to move things and information over www.notesolution.comlong distances quickly and inexpensively. Whether we think of international trade or international travel, technological progress is an important part of the story of globalization. Politics Politics is important in determining the level of globalization. Economics Capitalist competition has been a major spur to international integration. Transnational corporationalso called multinational or international corporations are the most important agents of globalization in the world today. Transnational corporation are different from traditional corporations in five ways: o Depend increasingly on foreign labour and foreign production. o Emphasize skills and advances in design, technology, and management. o Depend increasingly on world market. o Depend increasin
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