Globalization and the Asian Financial Crisis The Asian financial crisis is a prime example of an economic meltdown and it exemplifies the effects globalization has during times of widespread economic downturn. According to the Oxford English Dictionary, globalization is “the integration of national economies into the international economy through trade, foreign direct investment (FDI), capital flows, migration and the spread of technology. ” The global […]

It took me a while to try to work “glocal” out. This is my way of saying I had a tough time trying to wrap my mind around what exactly is glocal. To me it is open to interpretation; people will have their own theories on what it means. To me it is something that is global but has a slight variation to fit in […]

Susan McCormick PLSC323 The Pros and Cons of Globalization Starting out, I would first like to define globalization. It is” The worldwide movement toward economic, financial ,trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include […]

Nationalism vs. Globalization The debate on whether U. S. domestic and foreign policy should center on nationalism or globalization has been a long standing one. Before I add my personal opinion to it, I would like to state the advantages and disadvantages of both options and how it woild affect our economy in the long run. Nationalism uses trade protectionism as a basis for its […]

Compared with other economic sciences, sports economics mainly discuss the relationship between sports and economics, and about how limited sports resources are effectively allocated. Sports this special cultural phenomenon has the inseparable connection with social and economic phenomenon. Economy is the foundation of sports emergence and development, whose development restricts sports development. At the same time, the scale and development level of sports can reflect […]

Globalization: Advantages and disadvantages of surplus and minimalism Surplus and minimalism, two opposite ways of living, in which one states living with the less as possible (minimalism), and the other to live by having an amount more than needed (surplus), and in this text it is going to be analyzed the advantages and disadvantages of this. First of all, Minimalism is a way of simple […]

Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. ” (Globalization, 2010). Nowadays, small business has to compete against multinational companies face to face as globalization becomes an irreversible momentum. In some case, small business have no need to against the large companies because they focus on different scale until the […]

Does Globalization unite or separate us? If we find out about the term “Globalization” in different dictionaries we can realize that there are too many meanings like “the increase of trade around the world, especially by large companies producing and trading goods in many different countries” or “when available good and services, or social and cultural influences, gradually become similar in all parts of the […]

Cross-Cultural Perspective: The Cultural and Ethical Issue of Globalization Many American companies that are outsourcing jobs to other countries create a problem in the economy of the Unites States and also creates a cultural effect in a global scale. To this day, The United States had lost millions of manufacturing jobs compared to two decades ago (Heffner, 2012). Americans can no longer compete to international […]

The process by which people, governments and different companies interact and integrates is referred to as globalization. This process is widely driven by investment and trade and has largely been assisted by the major growth that has been experienced in the information technology industry. Globalization has major impact on the culture, environment, economic growth and development, political systems and the well being of humanity’s well […]