Theories of Globalization

Abstract

The paper has comprehensive linkage of Globalization with the City of Banalore Globalisation has high impact on the human life. The changes are rapid due to the globalization. The paper has identified the emerging economies and the architecture of the city. The paper has identified the comprehensive finding of the city Bangalore. With reference to several researches it has also identified the victims of globalization. The policies and rules have changed because of the globalization.

Table of Contents

Introduction1

Discussion2

Views of Globalization2

Global risk society5

Technical and economic development5

Interconnectedness of nations5

Theories of Globalization6

The World-System Theory6

Neoliberal Institutionalism6

World-Polity Theory7

World-Culture Theory7

Globalization and Realism7

Globalization and Relations between States10

Conclusion13

Theories of Globalization

Introduction

Globalization is the process through which the peoples of the world interconnected in all aspects of their life that is culturally, economically and politically, technically and environmentally. Globalization has always been equated by many analysts with economic interdependence. Indeed, nowadays, the extent and level of global economic relations appears to be unparalleled in world history, mainly in terms of the immense quantity of capital flows. It was supposed to be one of the great new ideas. The current wave of globalization is just a subset of huge structural changes that are the outcome of the Schumpeterian evolution in technology, and spatial intensity and scope of interactions between many actors at all levels of the economy.

Globalization put a new emphasis on spatial economics and the importance of economic geography because of the spatial spread of certain economic activities in some geographical locations and the contraction of certain business in others. Because globalization is immaterial and impersonal, it may not be located in a defined geographical space, it cannot be taxed or prosecuted, but it governs to the extent the lives of people that it touches. Globalization seems to be something like an emperor without an empire. The current wave of globalization is just a subset of huge structural changes that are the outcome of the Schumpeterian evolution in technology and spatial intensity and scope of interactions between many actors at all levels of the economy. Financial scandals such as the ones linked with Enron and WorldCom (both in 2002) created a public outcry against deregulation. This was reinforced in the aftermath of the global credit crunch of 2007-08 which was based on the deregulated American financial alchemy. The idea that the firms are best policed by themselves, and that markets are always self-correcting is shaken.

Discussion

The discussion is about the Bangalore City and globalization. The city of Bangalore is considered India's Silicon Valley, it is the state capital of Karnataka . Its history dates back to 1987, when several U.S. and Indian companies, along with the Indian government created an association called SIPA (Silicon Valley Indian Professionals Association), to provide guidance to employers who wish to enter the world of "software ".

It is currently the headquarters of large companies information technology. Have Infosys , which is the only Indian company listed on the Nasdaq. They are also based there, companies like Novell , Oracle , Philips and Texas Instruments ...