Should Government Intervene in Shaping the Globalization of the World Economy or Should the Market Forces Decide How Globalization Should Proceed?
Name | Leons-Eunice (1276355) |
Module Title:(e.g. [title] ): | Should government intervene in shaping the globalization of the world economy or should the market forces decide how globalization should proceed? | Coursework no(e.g. 1 or 2) & type (essay, etc.), if applicable | 1 | Coursework Title:(can be abbreviated) | IPE | Deadline: | 18th April, 2013 | Date Submitted: | 18th April, 2013 | Word Count: | 4171 |
Should government intervene in shaping the globalization of the world economy or should the market forces decide how globalization should proceed? INTRODUCTION What is globalization? "The concept of globalisation refers both to the compression of the world and the intensification of consciousness of the world as a whole" - Benedikt Kiesenhofer Economic "globalization" is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labour) and knowledge (technology) across international borders. There are also broader cultural, political, and environmental dimensions of globalization. The term "globalization" began to be used more commonly in the 1980s, reflecting technological advances that made it easier and quicker to complete international transactions—both trade and financial flows. It refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity—village markets, urban industries, or financial centres. It has been given positive connotations by those who advocate greater economic integration across national borders, while it has been fiercely criticized by those who perceive it as a threat to social cohesion and as the advancement of unfettered capitalism, which undermines the
Module Title:(e.g. [title] ): | Should government intervene in shaping the globalization of the world economy or should the market forces decide how globalization should proceed? | Coursework no(e.g. 1 or 2) & type (essay, etc.), if applicable | 1 | Coursework Title:(can be abbreviated) | IPE | Deadline: | 18th April, 2013 | Date Submitted: | 18th April, 2013 | Word Count: | 4171 |
Should government intervene in shaping the globalization of the world economy or should the market forces decide how globalization should proceed? INTRODUCTION What is globalization? "The concept of globalisation refers both to the compression of the world and the intensification of consciousness of the world as a whole" - Benedikt Kiesenhofer Economic "globalization" is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labour) and knowledge (technology) across international borders. There are also broader cultural, political, and environmental dimensions of globalization. The term "globalization" began to be used more commonly in the 1980s, reflecting technological advances that made it easier and quicker to complete international transactions—both trade and financial flows. It refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity—village markets, urban industries, or financial centres. It has been given positive connotations by those who advocate greater economic integration across national borders, while it has been fiercely criticized by those who perceive it as a threat to social cohesion and as the advancement of unfettered capitalism, which undermines the
Bibliography: -------------------------------------------- [ 1 ]. IMF report 2008 [ 2 ]. United Nations World Public Sector Report 2001 on “Globalization and the State” [ 3 ]. An article from ‘The Economic Times’ 25, July 2008 [ 4 ]. The Globalization Reader, 2nd Edition [ 5 ]. Essays in Social and Economic development, Paul Streeten [ 6 ]. Cerney, 1990 [ 7 ]. Ruggie, 1997 :6 [ 8 ]. Cavusgil et al, International Business –Strategy, Management and the new realities, Pearson int’l edition.