GLOBALIZATION (POLS 219) PART B: LONG ANSWER Instructions: Using specific details drawn from readings and lectures, craft...

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General Management

GLOBALIZATION (POLS 219)

PART B: LONG ANSWER
Instructions: Using specific details drawn from readings andlectures, craft a response to the following question. Your answershould be about 400 – 500 words in length and is worth 10 marks.While you are not required to use formal essay structure, you areexpected to use proper sentence and paragraph format (i.e. nolisting or point-form). Be sure to read carefully and answer allparts of the question for full marks.

MUST BE IN YOURS WORDS. NO PLAGIARISM.
Question:
Given everything we have discussed during the course of thissemester, in your view, what is the most pressing challenge facingthe global community today? Can we successfully meet this challengemoving forward? Why or why not?
In your response, be sure to describe the challenge you have chosenand explain why this problem is global in scope. Consider whatefforts have been made to address this challenge and identify anybarriers that exist to successfully addressing this challenge as aglobal community. Conclude by identifying possible strategies forovercoming these barriers and addressing this challenge as a globalcommunity.

(400-500 words)

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3.7 Ratings (477 Votes)

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 Likewise for centuries people and corporations have invested in enterprises in other countries In simple words globalization means the spreading of a business culture or any technology on an international level For instance it needs the other countries to come to a mutual agreement in terms of political cultural and economic policies Globalization is about the interconnectedness of people and businesses across the world that eventually leads to global cultural political and economic integration Due to the increased demand in the high tech industry around the world business and industry have potential for huge profits working globally Largescale globalization began in the 1820s In the late 19th century and early 20th century the connectivity of the worlds economies and cultures grew very quickly The term globalization is recent only establishing its current meaning in the 1970s The aim of globalization is to secure socio economic integration and development of all the people of the world through a free flow of goods services information knowledge and people across all boundaries There are mainly three types of globalization Political globalization Social globalization Economic globalization Factors leads to Globalization Containerization The costs of ocean shipping have come down due to containerization bulk shipping and other efficiencies Technological change Economies of scale Differences in tax systems Less protectionism Growth Strategies of Transnational and Multinational Companies Phases of Globalization In Phase 1 consumption and production take place together because the huntergather lifestyle meant consumption moving to production ie food sources In Phase 2 consumption and production remained together but it was because people brought the food to themselves by developing agriculture Phase 3 was when modern globalization started in the 19th century Steam ships and railroads and world peace called Pax Britannica made it economical to consume goods that were made faraway With things being made in one country and consumed in another trade boomed Phase 4 the one we are in today started when production itself got broken up and shifted around to different nations This is known as off shoring and it radically transformed world trade and manufacturing Features of Globalization 1 See Answer

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