Globalisation Essay

strives to create “a world after its own image” (16). Surprisingly, Marx and Engels wholeheartedly welcome the homogenising influence of globalisation because of their firm belief that it will eventually unite the workers of the world against capitalism. As Marx and Engels had correctly anticipated in their Manifesto, economic liberalisation and globalisation do not remain restricted to the world of international trade and commerce. They also bring the passions and aspirations of the new and…

Globalisation is a highly contested term, where different perspectives have emphasis placed on different areas. With that being said, there is a broad level of agreement on the nature of globalisation. Globalisation is ‘a process which embodies a transformation in the spatial organization of social relations and transactions, generating transcontinental or interregional flows and network of activity, interaction and the exercise of power.’ (Held et al., 1999) At a simple level, globalisation…

Economically speaking, globalisation is a process that involves transferring resources from one country to another. The significant aspect of economic globalisation is that it involves lessening or even eliminating barriers that constrain the free movement of trade, business, and so on. Chomsky, an american writer and political activist has an assorted critique of globalisation. Global financial institutions such as the International Monetary Fund (IMF), World Trade Organisation (WTO) and the…

The next case study examines the links between globalisation and conflict in Peruvian Arawak communities, specifically the occurrence of accusations of child sorcery. In the 2003 book ‘Darkness and Secrecy: The Anthropology of Assault Sorcery and Witchcraft in Amazonia’, author Fernando Santos wrote a chapter exploring how the modernising forces of globalisation often result in an escalation in accusations of witchcraft among children. Globalisation in the Arawak communities over the last couple…

not even an established nation yet. Little did we know that in the twentieth century, the golden arches of the McDonalds symbol would be more recognised than the Christian cross not only in Singapore but, also in various countries globally. Globalisation is a multi-layered phenomenon with many definitions. According to Piller & Pavlenko (2007, p.16), it consists of the flow of goods, capital, communication and people. Many of these flows throw people of widely different linguistic and cultural…

In the course of this process, there are also losers who are affected due to globalisation. These losers are those who have lost their jobs in high-cost locations. Globalisation has developed a threat for the businesses by dominating the domestic markets. Many foreign companies have entered into developing nations affecting the formerly protected industries, by increasing the…

imports. Globalization did not happen overnight, there have been many key drivers in this economic procedure and since 1970, international business has slowly risen to the powerhouse which it is in our 21st century today. What we do know is that globalisation was driven and is still being driven by the advancements in technology, transportation and the global financial market. Lowered costs, upgraded digital communications and the accelerated use of cargo ships has helped the expansion immensely…

Globalisation’ has become a very common word in our vocabulary in recent years, and most people have at least a vague idea of what it means. It has many definitions, but loosely translated, globalisation is the process by which people, their cultures, money, goods and information can be transferred between countries with few or no barriers . With the world’s economies merging into each other, a global culture has formed and many people now recognise the importance of globalisation in shaping…

Although this is happening at a national level, the effect of globalisation is making the effect be felt at the regional and global level. This even began post Wold War II when the world was experiencing the gold age of capitalism and later plunged into economic and political turmoil in the 70s, something that was blamed…

To what extent is ‘Mcdonaldization’ a threat to local and national cultures in the era of globalisation? The term Mcdonaldization was first used by sociologist George Ritzer in his book the Mcdonaldization of Society (1993). In his book, Ritzer reconceptualises the idea of rationalisation, using the fast food restaurant Mcdonalds as a model to illustrate how society has become rationalised; moving from traditional thought, emotions and values to rational modes of thought that favour efficiency,…