Review Essay: Globalization And The Failure Of The Sociological ...
 Beetham, D. 1995. What Future for Economic and Social Rights? Political Studies. 48 (special issue).; Commission on Global Governance. 1995. Our Global Neighborhood. Oxford: Oxford University Press.; Bradshaw, Y. W. and Wallace, M. 1996. Global Inequalities. Thousand Oaks, CA: Sage.; Hoogvelt, A. 1997. Globalization and the Postcolonial World: The New Political Economy of Development. London: Macmillan.; UNDP. 1999. Globalization With a Human Face: Human Development Report 1999. New York: Oxford University Press.
Globalization Thesis Free Essays - StudyMode
Thuomrungroje (2004) informs that business opportunities and threats in the global environment are the consequences of globalization. These business opportunities are said to be those that create market and investment potentials and accessibility of resources. Thus, Thuomrungroje (2004) confirms that globalization influences the operations of multinational firms and their performance is enhanced through increase in globalization (v).
Globalization is the process by which the world is interconnected through technology and powerful infrastructure for the purpose of communicating and managing resources. Globalization seems to talk about several vibrant phenomena which ensure two major components. Firstly, they function across national boundaries and secondly, they result in higher incorporation or interdependence of human societies. It is therefore one aspect of development that affects the world in general, from every point of human view.
Ritzer (2009) informs that globalization processes are numerous and whose sources are different. Globalization is said can be concentrated on politics, economy, education, science and many others (47). The objectives of this paper direct this study to focus only on studying globalization in the economics context and how its challenges impacts on the operations of multinational companies. In this chapter, the paper will develop the study based on globalization processes which are driven by economic factors mentioned and explained by Akram, Faheem, Dost & Abdullah (2011). These factors are noted to include forces of production, availability of knowledge and skills, technology and others for the better utilization of resources, improvement of economic development of countries and human welfare. This, in other words, enables one appreciate economic development as one which is facilitated by globalization to maximize the potentials of available resources through increased cross-border trade operations (291-292).The "loser of globalization thesis" is quite simple, which explains its broad popularity. In fact, it has been popular for a long time, as it is merely the latest iteration of the decades-old modernization thesis, which has been used to explain the rise of nationalism in Europe in the 19th century for many decades. And since the rise of populist radical right parties in Europe started, in the 1990s, the "losers of globalization thesis" has dominated both the academic and public debates.They seem to be everywhere these days, the so-called "losers of globalization," and their anger is allegedly transforming politics across the globe. From Brexit to the rise of Trump, globalization is the explanation and its losers are to blame. Some even extend the argument to the rise of Islamic fundamentalism and ISIS! But for all the intellectual and personal comfort the "losers of globalization thesis" provides us, it is almost as stereotypical and simplistic as the populist discourse we abhor. First of all, in objective terms, there are not that many losers of globalization in most western countries. Almost everyone has profited in some way. Moreover, as several people have pointed out for the case of the US, but hardly anyone for Europe, many of the real losers of globalization are not the white working class, but the non-white underclass, of African Americans in the US and immigrants (and their descendants) in Europe.Crepaz (2001) develops that globalization processes have extremely limited the roles of national governments in fulfilling its mandate in regards to sustaining economic welfare and security for their citizens. Moreover, it is perceived that with its increasing growth, democracy of these governments in this context will be eliminated soon (1-2). A study done by Joseph, Lee, Chad & James (2004) that focuses on the theoretical aspects relating to the effects of globalization on a country, creates a conceptualized framework that explain how globalization influences the economic life of a country. In the study, it is conveyed that globalization develops structures that govern inflows and outflows of products and services that citizens depend on, labor, technology and capital. Moreover, globalization shows the State’s affairs of a country which determine how the country becomes economically integrated with the rest of the world (251).Book excerpts and columns by Thomas Friedman argue that the "new era of globalization became the dominant international system at the end of the twentieth century" in an irreversible process affecting everyone.Migration is a significant aspect of globalization that has not only economic but also social and cultural effects. While migration is not unique to the present age, communication and transportation technologies allow migrants a greater opportunity to maintain links with their homelands. More porous borders raise questions about notions of citizenship and identity. While challenges to national identity may come from supranational entities such as the European Union, globalization at the same time may facilitate the triggering of more local, particularistic identities.Globalization is different for each market and each industry, in terms of key players, motivations, logistics and other factors. For example, globalization of the furniture industry might look different from globalization of the fashion industry. Pick one industry or specific market for a type of product, and study the causes and effects of globalization that relate to it. In addition, you could use your research paper on globalization as a way to investigate what international operations mean for companies, employees and consumers.