Globalizaton Essay -- Economics Economy Papers

globalisation is a term that has become very commonplace in new-fashioned times. It is a concept with some(prenominal) differing definitions. Thomas L. Friedman, reservoir of The Lexus and the Olive Tree, describes globalization as a movement that enables individuals, corporations, and countries to reach somewhat the globe farther, faster, deeper and cheaper than ever before. Globalization is the spread of free market capitalism to virtually every country in the world. Countries are encouraged to intromit free trade, privatization and competition. Basically, it involves worldwide integration of both economic and political ideals. Globalization is becoming more popular and more accessible mainly because of the recent advancements in technology. Many believe it to be a positive phenomenon, dapple others believe that it is very bad.The rise and spread of globalization has brought along with it many supporters and opponents. Benefits of globalization are that it creates jobs, ge nerates prosperity, raises standards of living all around the world and lots more. When companies do business in other countries more jobs are created. Companies such as Nike, Levis, Coca-cola are constantly building factories in less true countries, such as Indonesia, Vietnam, Dominican Republic and many more. These factories are providing jobs for thousands of the great unwashed who would otherwise not be able to find work anyplace else. This helps the human rights issue and can be beneficial for the overall frugality of the country as well as the individual. James Robinson, former mastermind of American Express said, I think its helping human rights because what its doing is its bad jobs to people at salary levels that they never had access to before. So in time I think this becomes more self... ...obalization. October 2000The World Trade Organization. www.wto.org Geneva, Switzerland. October 2002 prevalent Broadcasting Service. Transcript Globalization and Human Rights. ww w.pbs.org. October 2002Panayotou, Theodore. Globalization and Environment CID on the job(p) Paper No. 53. July 2000North American Free Trade Agreement. NAFTA A Foundation for Canadas Future Prosperity. http//www.dfait-maeci.gc.ca/nafta-alena/over-en.asp Canada. September 2003FDI Magazine. Egyptian Endeavors. www.fdimagazine.com. December 2003. Hill, Charles. International occupation Competing in the Global Marketplace. The McGraw-Hill Companies, Inc., 2005Tseng, Wanda and Zebregs, Harm. Foreign Direct Investment in china Some Lessons for Other Countries. International Monetary Fund, February 2002.