GLOBALIZATION OF COSTA RICA

Globalization of Costa Rica

Globalization of Costa Rica

Introduction

Globalization is a phenomenon of international nature: its action is primarily to achieve a global penetration of capital (financial, commercial and industrial). It has allowed the world economy to integrate mechanisms of the trade, the production, and finance through integration of activities that enhance global economic life. It has been defined as the process of denationalization of markets, the laws and policy in the sense of linking peoples and individuals for the common good (O'Rourke, Kevin & Jeffrey 1999).

Globalization is characterized by the removal of economic barriers that impede the free movement of goods, services and capital. It is also a historical process, the result of innovative human and technological progress. It refers to the extension beyond national borders, the growing interdependence among countries, and the growing integration of economies around the world.

We can say that globalization is a concept that aims to describe the immediate reality as a society, beyond borders - removing the ethnic barriers, religious creeds, and ideologies, political and socio-economic and cultural outlooks (Burda & Dulosch, 2000). This paper will analyze the concept of globalization, the process, characteristics, causes, consequences, advantages, disadvantages, its influence in the environment, and the implications of this process to Costa Rica.

The process of globalization

From the economic point of view, globalization is a process of market integration. It has therefore been essential to orient economic blocs under the logic of free trade , leading to reproduction of capital . This process has involved the increasing interconnectedness of markets around the world. In the social field, it involves the reduction of the distances between all countries. The medium that plays a key role in the development of communications is the Internet. This process has been a growing force since the end of the world wars, which allowed the power and economics dominated by the United States (Baldwin & Martín 1999). However, this hegemony today faces blocs like the EU and other blocs in Asia, Latin America and Africa.

Characteristics of globalization

It is a universal process, affecting all countries in the world, regardless of their position within the economy and political world.

As there is an irreversible process of integration of markets, its nature is exclusive economic because those nations or regions that cannot be competitive, will be the lag behind in development,

The state as a political entity and the custodian of sovereignty of countries, is in the background,

It is grounded by the Mass Communication Media, and its influence is on the socio-cultural, political and economic stakeholders, allowing ideas to spread to hundreds or thousands of millions of people.

Markets, capital, production, management, the strength of work, the information, the knowledge and technology flows are organized across national borders (Benn & Hall 2000).

The competition and the economic strategies, both relating to large and small and medium-sized companies, tend to be defined and decided at regional or global levels.

Globalization is forcing companies to organize markets and networks ...