GLOBALIZATION AFFECTING GLOBAL POLITICS

Globalization Affecting Global Politics

Globalization Affecting Global Politics

Introduction

Globalization is a term that has, in many instances, come to replace the older and no less complex notion of “development.” In fact, globalization, has replaced the term development as the new action word of contemporary international governance discourse. Not simply a term that describes an inevitable process that is shaping the modern world, globalization, when conflated with development, is a meta-policy guiding the way to social and economic well-being in the global community. Global economy plays a pivotal role in the success as well as the failure any company. In the present era, one of the biggest challenges for effecting the trade practices and agreement is due to the influence of the global economic interdependence. This issue is creating a number of challenges, which enables the firm to discontinue survival in the market.

Discussion and Analysis

Political consumption is an individualized form of collective action that varies considerably across Europe. Citizens as consumers participate in boycotts and 'positive' buying of goods based on ethical, political and environmental considerations. Overcoming the individualistic bias of past research, the comparative analysis extends actor-centred explanations by focusing on political, cultural and economic opportunity structures and on globalization as contextual factors. Economic opportunities for political consumption are provided by national affluence, retailing structures and the supply of environmental and fair-labelled goods. Political and cultural opportunities are facilitated by 'statist' institutions, social movement organizations as well as trust and post-materialist culture. The impact of globalization is measured by international economic exchange (Scholte, 2005, pp: 65).

Logistic multi-level models on the first wave of the European Social Survey for 19 countries reveal that economic opportunity structures and political institutions best explain variations, while globalization does not affect citizens' decisions to voice their interest in consumption. Finally, the effect of individual value orientations is increased by a low-cost context. Globalization is an inconsistent concept, and definitions of it abound. However, most anthropologists agree that, experientially, globalization refers to a reorganization of time and space in which many movements of peoples, things, and ideas throughout much of the world have become increasingly faster and effortless. Spatially and temporally, cities and towns, individuals and groups, institutions and governments have become linked in ways that are fundamentally new in many regards, especially in terms of the potential speed of interactions among them.

Examples of these interactions are myriad: The click of a mouse button on a Wall Street computer can have immediate financial effects thousands of miles away on another continent, and events like the fall of the Berlin Wall in 1989 or footage of the 2005 tsunami in southern Asia can be televised internationally, whereby millions of viewers interpret the same images concurrently (Andreas, 2011, pp: 26).

Impact of Globalization

Technology

Globalization has an impact on almost every area including technology, transportation, off-shoring, migration, and others. The impact of globalization on technology cannot be ignored. Globalization has allowed the international diffusion of the state-of-the-art ...