2/25/2007

Globalisation,culture,and economy


The worlds of globalization have been incorporated into much of our everyday language. "Thinking globally" and "the global economy" are part of a jargon that assumes we are all part of one big global village, where national borders and national identities no longer matter. But what is globalization? And where is this global village? There is a tendency to conceive of globalization as primarily an economic affair ,but it is simultaneously as social ,cultural ,and political condition evident in, for example, an explosive growth of migration ,of tourist activity ,hybrid musical form, and heightened concern for global political strategies to meet threats and challenges to survival. It is obvious that the trend is towards the world being the context within which relationships are conducted, no matter how localized and particular an individual life may appear to be experienced .In fact; we involve four dimensions of globalization:

A-Globalization of the market

B- Globalization of production

C- Globalization of finance

D- Globalization of communication

Each of them requires and contributes towards an information infrastructure to cope with the change stresses and strains of world wide operation. So, globalization is not absolute concept but it is a process that has relative and unlimited concept .It is virtually a revolution, and reality .If we consider, it is essential to examine many globalizations. Among them, globalization o f economy is conspicuous.In some respects we are already living in it. The clothes in our local store were probably stitched together in the factories of Asia. Much of the food in our local supermarket will have been grown in Africa. It's easier than ever to buy music from America, read novels from Brazil and watch films from Japan. This process seems a very natural development if we live in a country like Britain or America. But it is not clear in third world country like Iran. Globalization works in the interests of all the world's people, not just a fortunate few. The dramatic growth in international trade over the past few years is one of the most striking features of globalization. The globalization of trade is the result not only of these new trade rules introduced by the world's governments. It is also dependent on two more concrete factors: - The development of communications technology, which allows orders to be relayed across the world in seconds -Cheaper transportation, which allows those orders to be fulfilled at greatly reduced cost. Multinational corporations can now set up factories in almost any country in the world, relying on increased levels of automation to take the place of the skilled workers who were formerly required to run the machines. Cheaper freight costs and instant communication facilities have allowed companies to coordinate production at different sites across the world. In fact, a third of global trade is just the international movement of goods between different parts of the same multinational. In the past, national investment regulations governed where and how a company could start production in a foreign country, and many countries regulated foreign investment on grounds of economic interest, cultural sensitivity or national security. Communications technology has made it possible to conduct financial transactions across the world at the click of a mouse. Over $1.5 trillion is traded on the world's foreign exchange markets every day.

Globalisation from below




When most people talk about globalisation, they talk about globalisation of markets. They ignore fundamental further aspects of globalisation, which some call "globalisation from below." Globalisation from below is the way in which interest groups, self-help groups, third sector groups, and volunteer associations themselves draw upon international communication systems to establish themselves in the global arena. If you go back 30 years, you only had about 1000 non-governmental groups in the world, groups like Greenpeace and so forth. Now you have by some estimates 30,000 such groups, many of them operating at a global level, many of them fairly well resourced.If you are running a corporation, you ignore these forces at your peril. No matter what you are doing, in whatever part of the world, you will be watched. So corporations flirt with disaster if they ignore the leverage that the counter-power which globalisation from below is promoting in the world.

2/18/2007

What Is Globalization?


One often hears, ‘the world has now become a global village' thanks to narrowing down of geographical distances and of barriers in thinking patterns between developed and developing countries.
Globalization marks a paradigm shift in economic thinking on the part of economic philosophers and policy-makers and represents an on-going process of change and adaptation which is in no small measure aided by recent advances in means of transport, telecommunications, computerization and internet.
Globalization essentially means opening up of the economy and its integration with the other economies of the world.
Globalization involves deregulation and adoption of the policies of economic liberalization and economic reforms which are calculated to encourage the growth of private enterprise.Globalization implies change in external economic policy as well and involves abandonment by a country of protectionist stance in commercial policies and dismantling of tariff walls and encouragement of free and fair trade between nations.Globalization also essentially involves pursuit of economic policies which encourage free and fair competition inter se among public enterprises and among private and public enterprises as wellGlobalization involves release of the forces of competition within the economy which promote economic efficiency and result in an optimum allocation of resources.Globalization requires a country to promote consumer welfare and adopt customer-centric polices intended to give him the best deal.The success of a country's globalization programme depends on how it takes suitable steps to improve the investment climate domestically and is also able to attract foreign capital. If globalization has to succeed, the country has of necessity to build suitable financial architecture which involves banking and insurance sector reforms.
In my opinion,globalisation is not only economic but it involves various and different aspects.If we consider it only economic phenomen,it is a project that is consequense of industrialization.I think that it is the process of international interaction and dependency. It include political, cultural,social and environmental process.