Essays on Economic Globalization

1. What is Cheah's response to the idea that "literature seems to have little pertinence in our era of economic globalization"? Why does he think that it does (26)? Cheah argues that cosmopolitanism is defined as an activity wherein the reader must participate, and use his imagination to construct meaning. Cheah states, “World literature is an important aspect of cosmopolitanism because it is a type of world-making activity that enables us to imagine a world” (26). Thus, in spite of economic globalization, literature, to Cheah, retains its significance because it transcends national boundaries. 2. What reasons does ...

Abstract

Do the imbalances in current accounts still matter in today’s deep global financial markets that exhibit two-way gross economic flows that dwarf the new outcomes provided by current accounts? Contrasting the adult perception of the world and complete markets, extreme current account imbalances indicate severe financial and macroeconomic stresses, particularly as was the case in the mid-2000s. The increasingly massive valuation differences in nations’ net global investment standards and positions, as well as risk allocations, cannot be relied upon to offset the variations in regional wealth systematically as implied in the current accounts. The same conditions that warrant ...

Literature Review: The Impact of Globalization on Organizational Development and Change.

For the purpose of this literature review, the following Problem Statement will be deliberated upon: What is the Impact of Globalization on organizational development and change? In this regard, two sub-problems and their respective hypotheses have been identified. An examination of related resources has brought to light a number of theoretical perspectives and research findings which have been evaluated, described and synthesized hereunder.

HYPOTHESIS 1: Better relations between countries. The effects of globalization on the world been the subject of innumerable studies, quantitative as well as qualitative and while earlier academic discourse focused on its political ramifications, recent studies ...

Abstract

The mainstream economic theory holds that globalization is beneficial for every country, both developing and developed. However, the mainstream view relies on the comparative advantage theory, which embraces many unrealistic assumptions such as free mobility of labor and sustainable trade. These assumptions lead to adverse effects to countries that adopt globalization without a strategic plan. Importantly the U.S. is experiencing loss of jobs, an imbalance in income distribution and unfair competition due to globalization. These impacts arise when companies shift their production process to cheap labor zones and due to increased demand for skilled labor. This paper has four ...

2.11 Modern imperialism and economic globalization Economic globalization refers to increased instances of integration and interdependence among various national economies of the world. While the phenomenon has grown over the years as a result of deliberate government actions such as trade deals, the idea has its origins in the era of colonization by the world powers from the beginning of the sixteenth to the twentieth centuries. The effects of imperialism on the global economy continue to be felt until today. It is therefore important to have some background on imperialism. Imperialism was initially a project of a few European ...