Seminar paper from the year 2007 in the subject Politics - Topic: Globalization, Political Economics, grade: 2.0, Ruhr-University of Bochum (European Culture & Economy), course: MA (ECUE), language: English, abstract: The term globalization first appeared in 1962 as jargon. Perhaps this is one of the most controversial terms in recent history. The Economist has called it "the most abused word of the 21st century". Globalization means different things to different people. Anthony Giddens rightly says "As an unpredictable and turbulent process, globalization is seen and understood very differently by observers." Globalization gurus are puzzled about the direction and consequences of globalization. Some appreciate it and believe that it would lead to universal peace and harmony- nirvana. Others condemn it, as they believe that it would lead to all kind of chaos and Unordnung. Unfortunately it is also true. Globalization has also contributed to recent terrorism. In this work I make an impartial attempt to present an objective understanding of the term "Globalization". Globalization is causing many structural changes and I admit that some of them are very cruel. Can globalization be stopped ? If, not then what strategy should be adopted to protect the masses. This work aims to find answers to several such questions. I begin with conceptualization of the term globalization. Then I briefly describes implications of globalization in various fields. Later part mainly deals with economic, political and communication dimensions of globalization. Attempts are made to trace the origin of globalization. Several debatable and contradictory arguments are put also forward. Assuming globalization as dependent variable, I proceed to elaborate on various factors, which causes globalization. Internet, bandwidth and flow of information without any hindrance have contributed to contemporary globalization. Such free flow of information has also occasionally led to divisions am

Seminar paper from the year 2007 in the subject Politics - Topic: Globalization, Political Economics, grade: 2.0, Ruhr-University of Bochum (European Culture & Economy), course: MA (ECUE), language: English, abstract: The term globalization first appeared in 1962 as jargon. Perhaps this is one of the most controversial terms in recent history. The Economist has called it “the most abused word of the 21st century”. Globalization means different things to different people. Anthony Giddens rightly says “As an unpredictable and turbulent process, globalization is seen and understood very differently by observers.” Globalization gurus are puzzled about the direction and consequences of globalization. Some appreciate it and believe that it would lead to universal peace and harmony- nirvana. Others condemn it, as they believe that it would lead to all kind of chaos and Unordnung. Unfortunately it is also true. Globalization has also contributed to recent terrorism. In this work I make an impartial attempt to present an objective understanding of the term “Globalization”. Globalization is causing many structural changes and I admit that some of them are very cruel. Can globalization be stopped ? If, not then what strategy should be adopted to protect the masses. This work aims to find answers to several such questions. I begin with conceptualization of the term globalization. Then I briefly describes implications of globalization in various fields. Later part mainly deals with economic, political and communication dimensions of globalization. Attempts are made to trace the origin of globalization. Several debatable and contradictory arguments are put also forward. Assuming globalization as dependent variable, I proceed to elaborate on various factors, which causes globalization. Internet, bandwidth and flow of information without any hindrance have contributed to contemporary globalization. Such free flow of information has also occasionally led to divisions among humanity.Al Jazeera’s live broadcast of conflicts has created hindrance between Arabs and Israelis. Globalization is creating significant impact on welfare system in developed countries. Therefore, taking globalization as an independent variable I deal with it’s consequences in the forthcoming part. The discussion about globalization would be incomplete without mentioning contribution of America and also how globalization has led to terrorism. Globalization is reality and it comes with both advantages and disadvantages. Measures should be initiated to control negative impacts of globalization and positive aspects should be encouraged. Concluding chapter deal with certain surviving strategies.

As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue.

Origins of Globalization draws widely on ancient sources and modern economic theory to detail the concept of “known world” globalization, arguing that a mixed economy--similar in many respects to our own--existed in a variety of forms throughout the ancient world. By analyzing the business practices of the ancient world--phenomena such as resource and market seeking behavior, international trade from China, India and Rome, to Africa and even northern and western parts of Europe, Small and Medium Size Enterprises (SMEs) operating internationally and outsourcing production, multicultural workforces, tariff reduced zones, interregional tax issues, and the management of currency risks--the authors provide readers with a unique historical interpretation of the contemporary globalizing economy and a durable theoretical framework for future historical economic analyses.

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

Explores globalization, its opportunities for individual empowerment, its achievements at lifting millions out of poverty, and its drawbacks--environmental, social, and political.