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Essay / Research Paper Abstract
(9 pp) Over the past several years, the term
"globalization" has become a common way for
politicians and the media to refer to the dominant
trends in the world economy. Economic globalization
is, it would seem, all pervasive. But what exactly
is globalization? According to Sustar, in fact
, the meaning of "globalization" depends almost
entirely on who is talking about it.
Bibliography lists 8 sources.
Page Count:
9 pages (~225 words per page)
File: D0_BBglobe.doc
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almost entirely on who is talking about it. Bibliography lists 8 sources. BBglobe.doc GLOBILIZATION AS A SOCIAL TREND Written by
for the Paperstore, Inc., July 2000 Introduction Over the past several years, the term "globalization" has become a common way for politicians and the media to
refer to the dominant trends in the world economy. Economic globalization is, it would seem, all pervasive. But what exactly is globalization? According to Sustar (2000) In fact, the meaning
of "globalization" depends almost entirely on who is talking about it. For U.S. employers, its become shorthand for an aggressive program that involves government deregulation of industry, privatization of government
services and liberalization of barriers to international finance and trade. Indeed, its become their new excuse for an old demand: Give us more. Economics According to Left-wing economist Doug Henwood(2000)
not only is the novelty of "globalization" exaggerated, so is its extent. Capital flows were freer, and foreign holdings by British investors far larger, 100 years ago than anything
we see today. Images of multinational corporations shuttling raw materials and parts around the world, as if the whole globe were an assembly line, are grossly overblown, accounting for
only about a tenth of U.S. trade. Ditto trade penetration in general. Take one measure, exports as a share of GDP. By that measure, Britain was only
a bit more globalized in 1992 than it was in 1913, and the United States today isnt a match for either. Japan, widely seen as the trade monster, exported
only a little larger share of its national product than did Britain in 1950, a rather provincial year. Mexico was more internationalized in 1913 it than was in 1992.
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