The Globalization's Impacts to Developing Countries
Globalization is an often used word today. If we search in the internet using the search engine Google turns up 7,340,000 links using the word globalization, during I write these essay. Despite the fact that the word is used so frequently, it is rarely defined clearly. Indeed the breadth of meanings attached to it seems to be increasing rather than narrowing over time. Maybe because of this reason the globalization issues if often debated and resulted the supporters and contradictors. And also because of this reason, globalization has become one of the most controversial issues within twenty years because it has more disadvantages than the advantages.
There are several definitions about globalization. Globalization according to William K. Tabb (2004) is "The result of advances in communication, transportation, and information technologies. It describes the growing economic, political, technological, and cultural linkages that connect individuals, communities, businesses, and governments around the world." From the socio-cultural sense, we may have globalization definition as "The formation of a global village closer contact between different parts of the world, with increasing possibilities of personal exchange, mutual understanding and friendship between world citizens" (Wikipedia, 2004). This definition is very broad, but the narrower and the most common definition of globalization is in the economic sense, "The observation that in recent years a quickly rising share of economic activity in the world seems to be taking place between people who live in different countries (rather than in the same country)" (PREM Economic Policy Group and Development Economics Group World Bank Group [PREM], 2001, para. 1) or according to Case and Fair (2004), "The process of increasing economic interdependence among countries and their citizen" (p.713). Almost all these definitions have similarities. Globalization has been take places and as the consequences, it cannot be
There are several definitions about globalization. Globalization according to William K. Tabb (2004) is "The result of advances in communication, transportation, and information technologies. It describes the growing economic, political, technological, and cultural linkages that connect individuals, communities, businesses, and governments around the world." From the socio-cultural sense, we may have globalization definition as "The formation of a global village closer contact between different parts of the world, with increasing possibilities of personal exchange, mutual understanding and friendship between world citizens" (Wikipedia, 2004). This definition is very broad, but the narrower and the most common definition of globalization is in the economic sense, "The observation that in recent years a quickly rising share of economic activity in the world seems to be taking place between people who live in different countries (rather than in the same country)" (PREM Economic Policy Group and Development Economics Group World Bank Group [PREM], 2001, para. 1) or according to Case and Fair (2004), "The process of increasing economic interdependence among countries and their citizen" (p.713). Almost all these definitions have similarities. Globalization has been take places and as the consequences, it cannot be
References: Case, Karl & Ray Fair. (2004). Economics (7th ed.). New Jersey: Pearson Education. Globalization. (2004, December 13). Wikipedia-the free encyclopedia. Retrieved from http://en.wikipedia.org/wiki/Globalization PREM Economic Policy Group and Development Economics Group – World Bank Group (2001). Accessing Globalization. World Bank Briefing Papers. Retrieved September 20, 2004. from http://www1.worldbank.org/economicpolicy/globalization/documents/AssessingGlobalizationP1.pdf http://www1.worldbank.org/economicpolicy/globalization/documents/AssessingGlobalizationP2.pdf http://www1.worldbank.org/economicpolicy/globalization/documents/AssessingGlobalizationP3.pdf http://www1.worldbank.org/economicpolicy/globalization/documents/AssessingGlobalizationP4.pdf Tabb, W.K. (2004). Globalization. New York: Microsoft® Encarta® Online Encyclopedia. Retrieved December 25, 2004. from http://encarta.msn.com/encyclopedia_1741588397/Globalization.html Wheelen, T.L., & J.D. Hunger. (2004). Strategic Management and Business Policy. New Jersey: Pearson Education.