StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

A Slower Rate of Globalization - Essay Example

Cite this document
Summary
The paper "A Slower Rate of Globalization" highlights that reduced trade barriers, technological innovations, ease in the capital, labor movement across national borders, and reduced cost of transportation are some of the factors that will continue to propel globalization…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
A Slower Rate of Globalization
Read Text Preview

Extract of sample "A Slower Rate of Globalization"

A slower rate of globalization is foreseeable in the future as compared to the past few decades.

All the same, the financial crisis encountered globally slowed down globalization, and it expectedly will pick up, but not at a high pace as it was beforehand. Depending on the merits and merits of globalization to various states, proper measures are instituted accordingly.  
Various factors will continue to encourage globalization. On the first note, improved technology will continue to serve as the primal driver of globalization. Technology advents such as the internet and mobile phones have played a major role in bringing globalization to its current state. Technology will continue to spread across the world since it is the main force behind significant integrations. Improved technology translates to better communication and information sharing (Ashford & Hall, 2011). Secondly, the world is undergoing a period of increased free trade. Free trade will continue to be an important factor of globalization since it has earned the support of the World Trade Organization (WTO), which encourages global trading. Thirdly, stepped-up mobility of labor from one country to another will promote globalization.

Developing countries have come to realize the big role that remittances of global trade play in their economies. Fourthly, the meliorated mobility of capital in the past few decades will stretch into the future to step up the pace of globalization. Capital barriers have been trivialized, making it possible for capital to flow to and from various economies. In effect, firms can acquire financing, a trend that will continue in the future. Fifthly, a drop in the cost of transportation is not expected to deteriorate in the future. The advent of containerization means that the distribution of products, across the world, is cheaper. Consumers in all parts of the world will continue to access products, thanks to the reduced cost of transport (Zedillo, 2014). In unison, these factors will correct the pace of globalization that has been affected by the financial crisis in the world.

All the same, some factors will hinder the prosperity of globalization. First, the increasing concern about environmental pollution, which leads to global warming, instanced by globalization will hinder the growth the pace of growth. Multinational firms that invest in such countries cause most of the pollution made in developing countries, and this has been detrimental to the citizens thereof. Secondly, local resistance will hinder globalization. The countries pushing for globalization are from the Western and hence try to impose their ‘Western culture’ into other world countries.

The locals have often resisted this influence on their local culture since it is deemed damaging. For that reason, it will continue to hinder globalization. Thirdly, some countries are conscious about the protection of their domestic firms and institute trade barriers such as tariffs, which have the effect of continually hindering global trade. Lastly, an increase in terrorism means that some immigration restrictions need institutions. The restriction of movement across borders will be detrimental to globalization (Rodrik, 2011). Political leaders, who govern a country, instigate these factors. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalization Essay Example | Topics and Well Written Essays - 500 words - 24”, n.d.)
Globalization Essay Example | Topics and Well Written Essays - 500 words - 24. Retrieved from https://studentshare.org/management/1655259-globalization
(Globalization Essay Example | Topics and Well Written Essays - 500 Words - 24)
Globalization Essay Example | Topics and Well Written Essays - 500 Words - 24. https://studentshare.org/management/1655259-globalization.
“Globalization Essay Example | Topics and Well Written Essays - 500 Words - 24”, n.d. https://studentshare.org/management/1655259-globalization.
  • Cited: 0 times

CHECK THESE SAMPLES OF A Slower Rate of Globalization

The Meaning of Globalization, Its Types and Effects on the World Countries

Among the advantages of globalization are some standardization or laws and regulations that support and help countries in their decisions.... The goal of this paper is to define the meaning of globalization, of its types and effects on the world countries.... Since it is a rather broad definition, it is definitely worth to take a closer look at the concept of globalization.... Among the latest definitions of globalization is that of Al-Rodhan, who concludes that “globalization is a process that encompasses the causes, course, and consequences of transnational and transcultural integration of human and non-human activities” (Al-Rodhan 5)....
6 Pages (1500 words) Term Paper

Globalisation and Ford Motor Company. The golden age of the company

The 2008 global financial crisis worsened the growth rate of the organisation as its all policy responses went in vain due to the negative impacts of this crisis.... The International Monetary Fund defines globalisation as “the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services....
11 Pages (2750 words) Essay

The Impact of Globalization on the Growth of Tourism and Hospitality Industry in India

The present essay “The Impact of globalization on the Growth of Tourism and Hospitality Industry in India” seeks to present what implications the country has been facing as a result of globalization in the tourism and hospitality industry.... The report takes an analytical approach where all the dimensions of globalization are looked into and examined by presenting the political, economic, socio-cultural and technological impacts on the tourism and hospitality sector....
10 Pages (2500 words) Essay

Globalization and State Power

The narrator of this essay aims to tell that the end of the Cold War and the powerful wave of globalization reconfigured the world order.... he end of the Cold War and the powerful wave of globalization vastly reconfigured the world order.... This essay analyzes that the bickering among the capitalist nation-states is still largely in the economic realm, however, the impact on the political sphere is manifest and many thinkers have posited that globalization impacts greatly on the withering of the nation-state....
13 Pages (3250 words) Essay

Globalization and International Marketing

To reap the benefits of globalization, inner markets need to readjust and manage risks on a cooperative basis.... The paper "globalization and International Marketing" resumes globalization creates an environment conducive to economic growth, improvement of living standards in developing countries.... globalization is seen as a phenomenon with great opportunities.... In the economy, globalization entails deep interaction and interdependence of the world market....
10 Pages (2500 words) Essay

Globalisation and Anti-Globalisation

The author of the "Globalisation and Anti-Globalisation" paper critically discusses the view that anti-globalization arguments seriously undervalue the benefits that globalization has delivered for all countries.... globalization has been accused of harming developing nation and their economies.... Anti-globalization supporters specifically point out that this process is not beneficial for developing economies, but in reality, developing countries can benefit the most from Globalisation....
6 Pages (1500 words) Essay

The Impacts of Globalization and Regionalization on Australia

The paper "The Impacts of globalization and Regionalization on Australia" states that the Australian government initiated aggressive economic globalization in the 1970s through the removal of economic barriers resulting in a long-term improved economy.... What is the impact of globalization and regionalization on the Australian Economy?... Oman (1996) argued that regionalism and globalization are words defined by few but used by numerous people (p....
8 Pages (2000 words) Essay

Different Dimensions of Globalizations

he issue of globalization remains controversial with an equal number of proponents and opponents.... Before the advent of globalization in Bangladesh, the country was ranked among the eight poorest countries globally, but its economy has developed rapidly over the last 10 years (Venkatesan 2013).... Social GlobalizationSocial globalization refers to how the forces of globalization shape the social way of life of a recipient community (Steger 2011)....
5 Pages (1250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us