Globalization, Glt1, Task 1
Globalization
Western Governors University
Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process. Two non-Western countries that have been impacted by globalization are India and China. India opened its doors to globalization during the nineteen nineties following an economic crisis in which the country almost defaulted on loans (Balakrishnan, n.d.). Before globalization India purposely isolated itself from world markets and was in a state of economic stagnation (Nayar, 2007). This stagnation left the country in profound poverty with no industrial growth. The people of India faced other challenges as well such as illiteracy, government corruption, and malnutrition (Wikipedia, 2013). In the years since globalization industrial growth has occurred at a rate of about 6.5 percent that has thwarted any reoccurrence of economic decline and a poverty rate at 26 percent that had previously been 55 percent (Nayar, 2007). China too, has benefited from globalization. In 1978, Deng Xiaoping established leadership of China. Unlike Mao Zedong, Xiaoping embraced globalization and demanded economic change that he believed would ensure the safety of communist rule (Yahuda, 2003). Like India, the people of China lived in poverty before globalization occurred. In the 20 years since that time China has experienced a growth rate of over 9 percent and has become the 5th largest trading nation and has the 6th largest economy with millions of people no longer living in poverty (Piexin, 2003). The globalization of China was brought about after the end of the Cultural Revolution that had kept China isolated from the world in order to prevent outside influence (Yahuda, 2003).
Western Governors University
Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process. Two non-Western countries that have been impacted by globalization are India and China. India opened its doors to globalization during the nineteen nineties following an economic crisis in which the country almost defaulted on loans (Balakrishnan, n.d.). Before globalization India purposely isolated itself from world markets and was in a state of economic stagnation (Nayar, 2007). This stagnation left the country in profound poverty with no industrial growth. The people of India faced other challenges as well such as illiteracy, government corruption, and malnutrition (Wikipedia, 2013). In the years since globalization industrial growth has occurred at a rate of about 6.5 percent that has thwarted any reoccurrence of economic decline and a poverty rate at 26 percent that had previously been 55 percent (Nayar, 2007). China too, has benefited from globalization. In 1978, Deng Xiaoping established leadership of China. Unlike Mao Zedong, Xiaoping embraced globalization and demanded economic change that he believed would ensure the safety of communist rule (Yahuda, 2003). Like India, the people of China lived in poverty before globalization occurred. In the 20 years since that time China has experienced a growth rate of over 9 percent and has become the 5th largest trading nation and has the 6th largest economy with millions of people no longer living in poverty (Piexin, 2003). The globalization of China was brought about after the end of the Cultural Revolution that had kept China isolated from the world in order to prevent outside influence (Yahuda, 2003).
References: Jaffe, C. (2012, March 15). Cultural Entanglement: The Costs of Globalization in China. Retrieved from URL http://berkleycenter.georgetown.edu/letters/cultural-entanglement-the Piexin, Z. (2003, April 14). China and Globalization. Retrieved from URL http://www.chinese-embassy.org.uk/eng/dsjh/t27161.htm Pologeorgis, N Wikipedia. (2013, March 13). Globalisation in India. Retrieved from URL http://en.wikipedia.org/wiki/Globalisation_in_India Wikipedia. (2013, June 12). Globalization. Retrieved from URL http://en.wikipedia.org/wiki/Globalization Yahuda, M. (2003, February 19). China’s Win-Win Globalization. YaleGlobal. Retrieved from URL http://yaleglobal.yale.edu/content/chinas-win-win-globalization