6 Globalization and Business
Globalization is development which increases the internationalization of production and manufacturing, governing and financing processes. Globalization is a contentious concept with unending controversies among scholars, with some equating it with interdependence, others with liberalization; while others equate it with universalization, westernization and even imperialism. Similarly, it is equated to trans-nationalization, but the two differ in that the latter enhances national entities while globalization sometimes weakens national entities. This paper seeks to expound on concepts and complexities of globalization effects on political, economic and social –cultural ideologies.
Globalization of markets and production greatly diminishes the efficiency of national politics particularly national economic and labor market policies since markets are controlled through national legislation and politics (Daniels, Radebaugh, Sullivan, p117). Additionally, globalization has a normative and cultural dimension in which the normative dimension includes effects of the globalization to the; cultural self-images of people, consequences of accelerating processes of modernization on human identity, insecurity and human capability to cope with.
Agriculture and food constitute one domain in society as food display worldwide dynamics, due to economic crises, political instability coupled by natural disasters. Global companies and agribusiness companies continue to initiate a structural change of organism genes in a bid to come up with the desirable characteristics. Accordingly, the interplay between globalization and GMO is hinged on the social and commercial benefits. Through globalization food today is increasingly traded internationally, leading to transformation of its production and consumption patterns worldwide thus influencing many food related practices.
Power and wealth are main roots of globalization making it a useful tool in empowering in that it can democratize opportunities by homogenizing cultures thus allowing people to have a share into the multi-diverse resource endowment transcending the transnational boundaries. Recent trends in economic and political globalization have contributed to greater deprivation and covered many injustices as multinationals move into country resulting to dislocations in traditional economies concurrently leading to the emergence and consolidation of a single hegemonic power (Cohen, 113). This aspect of homogenization has led to hegemonization in that it has led to imposition of developing countries since changes has negatively impacted reforms through privatization thus dismantling public welfare programs, culture and safety of poor due to reemergence of huge gap among the rich and the poor.
In conclusion, because of preponderance of globalization of business and creation of market driven culture through homogenization national identities and local cultures are destructed since the world have become seamless and indivisible despite the borders that divide it. Economically, politically, culturally and socially the world has become interdependence due to growth of communication and technology decreasing the nation capabilities due to sheer interactions deepening and worsening the plight of the global poor as a result of disproportional of global resources as globalization is driven by power and wealth.
The purpose of this chapter is to address the controversies of the GMO issue. Through globalization food today is increasingly traded internationally, leading to transformation of its production and consumption patterns worldwide thus influencing many food related practices. These changes has generated challenges in terms of increasing sustainability in food provision, reducing negative impacts of international trade and governing food from a global perspective. With regard to this, it is plausible to note that agriculture and food constitute one domain in society as food display worldwide dynamics, due to economic crises, political instability coupled by natural disasters.
Daniel Cohen. Globalization and Its Enemies. MIT Press, 2007
John D. Daniels, Lee H. Radebaugh, Daniel P. Sullivan. Globalization and Business. Prentice Hall, 2002