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Is globalization merely an updated incarnation of imperialism?

Introduction

The process of moving your operations, technology, identity, cultures & values outside the national boundary is known as globalization.' The progressions of global activities are changing the life style of countries, because of the endorsement of outside values. With the improvement of monetary interconnection between countries, there comes a deep-seated legislative change - inferior, side-line, countries have become even more reliant on activities in vital economies such as the USA where investment and industrial expertise tend to be positioned. The swing of authority has also been observed, away from the state and toward, some quarrel, multinational firms. The climb of globalization and trademark has also been witnessed. Huge companies have not only worked on the national level, they have done a remarkable job International arena as well. In the conventional world, many authors feel that globalization is merely an updated incarnation of imperialism. The other side of the story tells that pro-globalization authors view point, who believes that, globalization, is a road towards economic development. They do not consider globalization merely an updated incarnation of imperialism. Globalization provided the opportunity to enhance the labor market. The economy of the world can be best understood in the course of an investigation of the imperial states, and the opportunities provided by the border side countries in order to enhance the development (Petras & veltmeyer, pp 32-48). The overall investigation of globalization can be prepared by taking the economy of trading countries under account. . Globalization is an international structure which has replicated cold war system; it is not a trend or phenomena any more. Through globalization countries, resources are integrated, in such an excellent manner that it makes the world as a global market (Friedman, pp 251). Globalization is not merely an updated incarnation of imperialism.

Discussion

Imperialism the top level of capitalism

Imperialism is regarded as the uppermost level of capitalism. In general Imperialism emerged as the expansion and direct prolongation of the elementary characters of capitalism. Authors believe that imperialism is the top level of capitalism and due to the imperialism colonies sky-scraping monopoly is developed. This high monopoly is destroying the economic balance of various countries. The imperialism policy is adopted by countries, to acquire the hold of outside country resources, in order to strengthen their power. Globalization is an incarnation of imperialism, which is helping the capitalist societies to get a huge share of border side countries, by carpeting their capital. Author has argued that, imperialism is helping the capitalist societies to grow their colonies. Imperialism is causing a very negative effect on the economies of under developing countries, because the hold of their economy is over taken by the capitalist societies. Author further argued that industrialist countries are growing in a steady pace, whereas under developed countries are diminishing in terms of growth day by day. This is an alarming condition for the developing countries economy, because their hold on resources is tumbling after every day, and the capitalist ...