Globalization is the widening, deepening and speeding up of worldwide interconnectedness. Factors involved in globalization are technology, politics, culture and economics. A lot of our technology comes from Japan, which would include television (Toshiba, Sony), cell phones (Nokkia, Motorola) and automobiles (Nissan, Toyota).
Politics connect us to other countries through treaties or worldwide organizations like the United Nations or the World Bank. In many countries around the world they have ‘westernized’ themselves.I lived in Japan and got to travel around Asia and I was always amazed by how many McDonald’s or Starbucks I saw. More so in other countries than in the United States they have embraced other cultures and ways of life and integrated it into their own cultures. Economic integration has intensified as the expansion of global commerce, finance and production links together nations, communities and households across the world’s major economic regions and beyond. There are three theories on globalization, that of the Hyperglobalists, the Skeptics and the Transformalists.
Hyperglobalists argue that globalization is primary economics, an increasingly integrated global economy that exists today and that states are losing power to markets and corporations and new global structures of governance. Hyperglobalists also believe that globalization represents an entirely new era in human history and that the global market is emerging. Skeptics argue that the idea that globalization represents something totally new is largely a myth. The world was more interconnected back in the early 20th century because there were no passports or visas needed back then.And lastly Transformationalists argue that globalization involves more than just economics.
Globalization is new but its end point cannot be predicted and that the role of the state is being altered by globalization. After reading about the three different theories of globalization I agree with the Transformationalists the most. As I stated before globalization encompasses more than just economics but also technology, culture and politics.
“Politics everywhere, it would seem, are related to politics everywhere else” (McGrew 16).Transformationalists also state that the role and nature of the state is being constantly changed by globalization, not necessarily in a bad way. Through globalization many smaller countries that could not survive can now. Globalization is helping these smaller nations because now they will be able to trade with other countries and get the necessities they need to survive. Smaller ‘third world’ countries may be able to jump start their nation’s economies by importing and exporting, which in turn would create new jobs and hopefully bring stability to their markets.Transformationalists also argue that globalization is new but its end point cannot be predicted in relation to the role of the state or anything else.
This point is very true—the world and more importantly the state (condition) of the world is always changing. One day a nation’s economy is good and then the next day it could take a huge plummet. A natural disaster could come through and destroy an economy. If that natural disaster hit a big oil refinery that would change not only the state of the nation but the state of the global economy and prices would dramatically rise.
Another thing is the state will change depending on the supply and demand of products. Globalization can thus be understood as involving a shift or transformation in the scale of human social organizations that extends the reach of power relations across the world’s regions and continents. It implies a world in which developments in one region can come to shape the life chances of communities in distant parts of the globe. Through globalization small third world countries are able to get important medical resources like vaccines or medicine which they never would have been able to get on their own.Also with programs like UNICEF and the Peace Corps these countries not only get necessities for life but they also get educational opportunities. All the basketball stars or Oprah Winfrey who set up schools in third world countries are giving these children vital lessons to maybe be able to make changes when they get older.
Strengthening these countries will be very beneficial in the long run for the global economy. Maybe one day these countries will be able to contribute greatly to the economic market and hopefully rejuvenate their countries economic uncertainties.