Implications Of Globalisation
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Development Growth Economic Impacts Of Globalization
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Author : Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya
language : en
Publisher: IJOPEC Publication
Release Date : 2017-04-14
Development Growth Economic Impacts Of Globalization written by Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya and has been published by IJOPEC Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-14 with Business & Economics categories.
The growth paradigm or the economic growth generally been presented as a positive, limitless and good for social problems. The term was hardly touched in pre-capitalism by any academic research. With the rise of capitalism and industrial revolution it became an important tool to measure production quantitatively and qualitatively. Industrialisation also encouraged the expansion of trade and gradual breakdown of the pre-capitalist order in 18th century in Britain. The spread of market had facilitated the specialisation, encouraging division of labour. Whilst for The Classical Political Economists; Adam Smith, David Ricardo and Thomas Malthus; economic growth is self-reinforcing. Marx pointed out importance of forces and relations of production and significance of social classes within it (Marx, 1863). Smith, Ricardo and Malthus were writing at a time when capitalist development was expanding fast and growth was a central in the process. The gradual impact of the West on the rest of world became part of a wider process of change in the World Economy. European capital increased its domination of the world trade through expansionist commercial policies (Wallerstein, 1979). The economic growth encouraged commerce. The necessity to export, and other technological changes formed part of the reason for the decline of feudalism. This transition from feudalism to capitalism began in the West and soon made an impact on the rest of the World. T Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya (Development & Growth: Economic Impacts of Globalization) 12 In 1932 Simon Kuznets, the US economist identified Gross Domestic Product (GDP) to measure the national output of a country within a period. It has continued to be an important indicator to measure economic growth, but it has also been under considerable criticisms. For example; GDP treats resources as income without excluding depletion or depression of the resources. Moreover, GDP has been criticised for disregarding income distribution. Despite all the criticism, GDP has been the most significant indicator of growth and development. With the Post War-II reconstruction of devastated countries and in order to kick-start the World Economy, the state in both developed and developing counties became the important agency to facilitate economic growth. The establishment of the Bretton Woods institutions, the Keynesian model of government intervention and the US implementation of “New Deal” facilitated growth. This was deliberate strategy to reconstruct and create networks of international cooperation. This was pointed out by President Truman in 1949: A program of development based on the concepts of democratic fair-dealing. All countries, including our own, will greatly benefit from a constructive program for the better use of the World's human and natural resources (Truman, 1949). This meant the reinforcement and need to distribute the 'Benefits' of capitalist form of development, more widely, against the planned economy sustained by the Soviet Union. The economist such as Joseph Schumpeter pointed to the possibility that capitalist growth, if it is sustained, could abolish poverty (Schumpeter, 1954, pp66-68). Whilst development meant rapid industrialisation, GDP became a key policy objective for the policy makers and governments around the world, not just in the Soviet Union but the Western Capitalist World, to set targets for their Growth Rate. The end of the Cold War in the 1980s, for some, meant triumph of Neoliberal Capitalism. The others talked of trade liberalization; free movement of capital and the development of information technology, facilitating the relocation of businesses across the world. (Ohmae, 1995). Friedman suggested that globalization is the Inevitable; Integration of markets, nation-states and technologies ... enabling individuals, corporations and nation-states, to reach around the world farther, faster, deeper and cheaper than ever before (Friedman, 1999). Development & Growth: Economic Impact of Globalization (Edited by: Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya) 13 Francis Fukuyama (1992) suggested the new era as ‘The End of History’ through which the ‘Liberal Idea’ triumphed, leading to a new global hegemony. For Fukuyama the only route to modernity, growth and development is the Neo-liberal Democratic path under Global Capitalism. This optimism was not shared by all academics, as Globalization produced poor growth and polarization of wealth: what Collier terms the ‘Bottom one Billion’ (2008). As a result, there has been major criticism of the World Bank and the International Monetary Funds in the second half of the 1990s, especially with the Asian financial and economic crises. The response from these institutions has been vigorous. They continued to believe that liberalization, deregulation, and privatization represent the best way forward for growth and development. With 2008 world recession the World Economy has faced a new challenge. The emergence of powerful economies such as; China, India and Brazil; helped the world economy to grow, at least for now. However, the unevenness of the world economy continues to cause difficulties especially the US as they feeling the threat of their competitors such as China, Germany and even India. The victory of Donald Trump as the S President has represented an ideological shift from free trade advocator of global capitalism to a mixture of right-wing populism. Before and after the presidential election, he called for the revival of the American economy, which has been under considerable pressure since 2008 World Recession. In order to prove growth rate Trump has a huge challenge ahead, not least to deal with the competition from South East Asian economies, especially China. It remains to be seen whether the new US administration will continue with their populist rhetoric In this book, “Economic Impacts of Globalization: Growth & Development”, several academicians provide different analysis of economic growth and economic development. The scientific ethics and responsibility of the works in the book belong to the authors / writers. The book compromises of 15 chapters focusing on economic growth and economic development in the era of globalisation. By taking different angles, they demonstrate different problems and solutions.
Measuring Globalisation
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Author : Axel Dreher
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-12-05
Measuring Globalisation written by Axel Dreher and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-05 with Business & Economics categories.
Globalisation is a timely and controversial topic. Against the chorus of globalisation’s proponents and detractors, the authors propose an approach for measuring globalisation and its consequences. Undertaking a comprehensive review of the literature on globalisation and using data from the MGI and KOF indices, the well-respected authors build a framework for defining globalisation and analyzing the relationships among economic, political, and social variables.
Implications Of Globalisation
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Author : Anne Boran
language : en
Publisher: University of Chester
Release Date : 2007-07-18
Implications Of Globalisation written by Anne Boran and has been published by University of Chester this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-18 with Social Science categories.
These papers raise searching questions about the nature and implications of globalisation, exploring some key features in terms of their impacts on nations and people. Three broad themes are highlighted: key players and processes; consequences and impacts; and response and resistance.
Globalisation Dimensions Impacts
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Author : İsmail Şiriner
language : en
Publisher: IJOPEC Publication
Release Date : 2011
Globalisation Dimensions Impacts written by İsmail Şiriner and has been published by IJOPEC Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This volume explores the interaction of globalization among economic, social, politics, cultural era. With its global implications, this book will be invaluable for students scholars from all disciplines who are concerned with the impact and dimension globalization. This volume “Dimension and Impact of Globalization” of series will make sense of globalization by conveying its complexity, importance, and contentiousness from diverse vantage points. With its broad coverage of political, economic, cultural, social and individual dimensions, this volume provides readers with a comprehensive introduction to globalization. Also this book will aim to provide relevant theoretical frameworks and the latest empirical research ndings in the area. It will be written for professionals who want to improve their understanding of the globalization dimension such as; economical, political, cultural, social etc.
The Impact Of Globalisation On Citizenship
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Author : Linda Vuskane
language : en
Publisher: GRIN Verlag
Release Date : 2020-01-17
The Impact Of Globalisation On Citizenship written by Linda Vuskane and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-17 with Political Science categories.
Essay from the year 2011 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 0.80, Liverpool John Moores University, course: People and Citizenship in a Global Society, language: English, abstract: The following essay sets out to investigate in what ways globalization has transformed citizenship and the issues surrounding it. The reduction of trading barriers alongside the increasingly advanced technologies has led to a progressively globalized world, which in turn has influenced many areas, including the concepts and practices of citizenship. In practice citizenship is still mostly considered in liberal terms as a set of rights and obligations that accompany specifically defined membership in a nation-state. However, the global flows of information, goods, capital and people are challenging the traditional frameworks of citizenship and changing the way individuals perceive themselves and their place in the world. In addition, citizenship has been transformed in two levels, vertically, between individual citizens and political authorities, as well as horizontally, between citizens. Moreover, transformations can be further observed on both a philosophical and a practical level, which will be investigated in turn. The essay concludes that there is an increased awareness of the global problems facing contemporary world as well as a notion of the need for an increased responsibility, on both individual and nation-state level. However, the future will show whether the increased interconnections between various groups will lead to greater solidarity or generate new conflicts.
Globalization And The Changing Role Of The State
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Author : Rumki Basu
language : en
Publisher: Sterling Publishers Pvt. Ltd
Release Date : 2008
Globalization And The Changing Role Of The State written by Rumki Basu and has been published by Sterling Publishers Pvt. Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Political Science categories.
Contributed seminar papers presented at national seminar, held on 4th-6th Dec., 2007, Dept. of Political Science, Jamia Millia Islamia.
Globalization And Its Discontents
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Author : Joseph Stiglitz
language : en
Publisher: Penguin UK
Release Date : 2015-09-24
Globalization And Its Discontents written by Joseph Stiglitz and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-24 with Political Science categories.
From Nobel laureate Joseph Stiglitz, Globalization and its Discontents is the bestselling exposé of the all-powerful organizations that control our lives. Joseph Stiglitz's landmark book lifted the lid on how globalization was hurting those it was meant to help. Many of its predictions came true, and it became a touchstone in the debate. This major new edition looks afresh at the continuing mismanagement of globalization, and how it has led to our current political and economic discontents. Globalization can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future. 'A massively important political as well as economic document ... we should listen to him urgently' Will Hutton, Guardian 'Stiglitz is a rare breed, an heretical economist who has ruffled the self-satisfied global establishment that once fed him. Globalization and its Discontents declares war on the entire Washington financial and economic establishment' Ian Fraser, Sunday Herald 'Gripping ... this landmark book shows him to be a worthy successor to Keynes' Robin Blackburn, Independent
Globalisation And Its Economic Consequences
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Author : Christina Haring
language : en
Publisher: GRIN Verlag
Release Date : 2004-03-11
Globalisation And Its Economic Consequences written by Christina Haring and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-11 with Business & Economics categories.
Seminar paper from the year 2003 in the subject Economics - International Economic Relations, grade: 1,3 (UK-Note: 68(B)), City University London (International Business Economics), language: English, abstract: Today Globalisation is one of the most controversial and widely discussed topics. Even though it is frequently used, there is still no commonly agreed definition of the term. Globalisation stands for a historical process in which the national social, economical, cultural, and political attributes of individual countries geographically expand and melt together. The result is, that behaviour, economic activity, and the distribution of authority and power will change and take on transcontinental character. Since this process has and will have extensive impact on all countries and even all individuals, it is not surprising that there are many supporters as well as many opponents, who have enormously dispersed attitudes towards this topic. The basic discussion is if the process of Globalisation is or was avoidable or if it has to be seen as a natural and desirable result of the political interactions within the last century. The supporters argue that the process will enable us to build up a more efficient and productive global environment, based on the mutual exchange of knowledge and experience, which will finally lead to a prospective and peaceful future. The opponents disagree since they regard Globalisation rather as a threat of democracy, national sovereignty, and equality. They argue that exploitation will increase and that the development will lead subsequently to more poverty and social injustice. In the following study, the consequences will be examined in more detail. Main attention will be paid to the effects on growth and development, income distribution, national labour markets, labour and environmental norms, as well as the effects on national sovereignty. Based on these consequences, potential governmental interventions will be discussed.
States Of Disarray
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Author : United Nations Research Institute for Social Development
language : en
Publisher:
Release Date : 1995
States Of Disarray written by United Nations Research Institute for Social Development and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Political Science categories.
"The United Nations Research Institute for Social Development (UNRISD) is an autonomous agency that engages in multi-disciplinary research on the social dimensions of contemporary problems affecting development. Its work is guided by the conviction that, for effective development policies to be formulated, an understanding of the social and political context is crucial. The Institute attempts to provide governments, development agencies, grassroots organizations and scholars with a better understanding of how development policies and processes of economic, social and environmental change affect different social groups. Working through a extensive network of national research centres, UNRISD aims to promote original research and strengthen research capacity in developing countries." --Book Jacket.
Globalization
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Author : Gary J. Wells
language : en
Publisher: Nova Publishers
Release Date : 2001
Globalization written by Gary J. Wells and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
Globalisation is a term usually used to describe intercontinental economic, social and political; integration. This book gives a general overview of the concept of globalisation. It also attempts to define globalism in relation to globalisation. Globalism is employed in this book to describe networks of interdependence functioning at multi-continental distances. Globalisation is an increase in globalism and de-globalisation is a reduction. In providing an introductory view of these networks, with an emphasis on contemporary economic factors, a goal of this work is to illustrate how policy consequences, sometimes unintended, may be dispersed via globalised networks.