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Essay / Research Paper Abstract
A 10 page paper. Many believe that globalization is irreversible, that nothing can stop it. History has taught us otherwise. Today's global marketplace and society is not the first time globalization existed in the world. The last time was during the 19th century but it ended with the advent of World War I. The writer first provides the different definitions of "globalization' and points out their common factors. A description of globalization in the late 19th century is then provided along with authors who believe that globalization was more integrated at that time than it is today. The essay then discusses some past events and potential events that could cause globalization to be disrupted. Bibliography lists 8 sources.
Page Count:
10 pages (~225 words per page)
File: MM12_PGglbrv.rtf
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Unformatted sample text from the term paper:
define globalization in different ways. 1. The International Monetary Fund gave the term an economic focus: "Globalization is the growing economic interdependence of countries worldwide through the increasing volume
and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology" (CountryWatch, 2002). 1. A more
encompassing definition was offered by Friedman: "Globalization is a state of the world involving networks of interdependence at multi-continental distances with multiple economic/financial, political, national security, environmental, social/cultural and technological
linkages among nation states, markets and individuals" (CountryWatch, 2002). * Greider used a more descriptive approach: "Globalization [is like a] wondrous new machine,...that reaps as it destroys. ...huge and
mobile, ...like the machines of modern agriculture, but vastly more complicated and powerful. ....running over open terrain and ignoring familiar boundaries. ... As it goes, the machine throws off enormous
rows of wealth and bounty while it leaves behind great furrows of wreckage. . . .[The machine is] modern capitalism driven by the imperatives of global industrial revolution, [creating] the
drama of a free-running economic system that is reordering the world" (CountryWatch, 2002). Few can agree on an absolute definition of globalization but most agree that the word describes
a world where market forces are the driving forces. Trade and investment are the expanding corporate power (PBS, 1999). It is a world where boundaries are becoming blurred, at least
in terms of business. There is more trade between and among nations in this globalized society. Globalization means that more nations will eventually become involved in a more profound interdependent
relationship (PBS, 1999). This is not the first time in history that a global economy has existed. Hale reported that the last time the world became involved in global economic
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