Economic Features Of Globalization

Economic Features Of Globalization Compare and contrast the main features of globalization in the nineteenth and twentieth centuries. Globalisation is the integration of cultures and economies across geographical boarders. Globalisation has made trade and communication possible throughout the world in the shortest possible time. The difference in globalisation in the nineteenth and the twentieth centuries While free trade was imposed on the rest of the world markets in third world countries were opened simply because they were not independent nations. Direct foreign investments increased rapidly during 1870 to 1913. The first half of the nineteenth century saw free trade being practised only by Britain. However, in the twentieth century government debt became tradable in the global market for financial assets. The similarities in globalization in the nineteenth and the twentieth centuries In the nineteenth century international trade was attributed to trade liberalization, direct foreign investment increased rapidly during the nineteenth century. Lending at international bank was also substantial. The late nineteenth and early twentieth century witnessed a significant integration of international markets to provide a channel for portfolio investment flows. The cross-national ownership of securities including government bonds reached very high levels during this period. Also in the twentieth century there was an increase in the degree of openness in most countries, in international trade, investment and finance. While the second half of the twentieth century witnessed a phenomenal expansion in international trade flows. What is deglobalisation? Deglobalisation is the disintegrations of the economies of the world to their individual status where they do not engage in trade, imports and exports with other countries. To what extent has the 2008 crisis and recession brought about deglobalisation? Globalisation brought with it free trade of goods and services between countries and boarders. Many persons left their countries of birth to migrate to other countries in search of a better life, nurses from as far as Trinidad were and still are being employed in England and America. Persons from anywhere in the world can go to America and enjoy a doubles which is a Caribbean (East Indian) delicacy. The debate on globalization continue as people try to make sure that the benefits of global trade outweigh the costs for all countries. However, with the recession of 2008 many developed and developing nations have felt the impact of the recession specifically in Europe and the United States. Recession is caused by inflation, where to much money is chasing to little goods. In Ireland, many home owners took out a second mortgage to purchase second homes. Regretably many of home owners were unable to repay these loan and the banks took control of thes properties. In many instances these homes were sold for less than the homeowner was owing to the financial institution. Many persons who migrated to these countries in search of a better standard of living and employment opportunities are now leaving these countries and returning to their country of birth. This is as a result of an increase of unemployment due to many companies being unable to pay its workforce and meet its overhead expenditures. Though economies of the world are experiencing economic recession, globalisation have to a large extent allowed many countries to survive since countries can still trade their goods and services with other countries with the hope of rebuilding their economies. To what extent do the positive aspects of globalisation outweigh its negative effects? According to Deepak Nayyar globalization is the expansion of economic transactions and the organisation of economic activities across the political boundaries of nation states. Globalisation is associated with increasing economic openness, growing economic independence and deepening economic integration in the world economy. People everywhere, even the poor and the excluded, are exposed to these consumption possibility frontiers because the electronic media has spread the consumerist message far and wide. Negative effects of globalization Nayyar however, stated that those who does not have the incomes cannot buy goods and services in the market which only creates frustration or alienation which can lead to increase in crime, violence and drugs. Some seek refuge in ethnic identities, cultural chauvinism. Globalisation inevitably tends to erode social stabillty. Economic integration with the world outside may accentuate social tensions or provoke social fragmentation within countries. Globalisation have also resulted in a widening in the gap between the rich and the poor in the worlds population, as also between the rich and poor people within countries has widened. Income distribution within countries also worsened with globalization and income inequality increased. The incidence of poverty increased in most countries of Latin America, the Caribbean and Sub-Saharan Africa during the 1980s and the 1990s. Nayyar further went on to state that much of Eastern Europe and Central Asia experiences a sharp rise in poverty during the 1990s. Unemployment in the industrialised countries has increased substantially since the early 1970s and remained at high levels since then. Trade liberalization has led to a growing wage inequality between skilled and unskilled workers, not only in industrialized countries but also in developing countries. As a consequence of privatization and deregulation, capital has gained at the expense of labour, almost everywhere, for profit shares have risen while wage shares have fallen. M. Panic stated in the article negative issues with support what Nayyar also stated in his article the evidence of which are as follows:- Does Europe need neoliberal reforms? the extremely objectionable nature of the unregulated, free market version of the system was demonstrated globally in the 1930s with devastating consequences: its inherent tendency to prolonged and costly crises (the Great Depression, mass unemployment), social deprivation and division (extreme poverty for the many in the mass unemployment), social deprivation and division (extreme poverty for the many in the midst of great wealth for the few) German economic growth and levels of unemployment, for so long among the most impressive in the industrialized world, were only slightly better. Again, empirical evidence in support of the neoliberal claim that unemployment in Germany was caused by over-regulation was found to be extremely weak (Fuchs and Schettkat, 2000, p. 238) Conclusion While, many world trade and export-led growth strategies are collapsing, surplus countries face big obstacles in expanding domestic demand, and many emerging market economies are in deep trouble. World trade is collapsing much faster than expected-and much faster than predicted on the basis of the past example of this can be seen in the United States and Europe specifically Ireland where many homeowners are unable to pay their mortgages. Globalisation have also resulted in the devaluation of the US dollar which is a direct impact of the recession that the country is presently facing. The global imbalances had too important a role to ignore, in contrast to a mainstream view that focuses on mistakes in monetary policy and financial regulation since the negative impact is not only economic but also far reaching social issues. Based on the information listed above I can conclude that the negative effects far outweigh the positive.

Impact of newspaper in the age of electronic media

The impact of newspaper in the age of electronic media Today many can say that electronic media(TV, satellite) is ruling the whole news arena. But the impact of printed news is something different. When we watch TV news, one can easily switch the channel with remote, the impact of what we saw in the news channel may easily be diverted In our mind by other sport channel, serial or movie. But that hardly happens when we read newspaper with a cup of tea In morning breakfast.The news directly hits our refreshed minds as the purpose of news should be. We can concentrate on letters printed on the paper, merely having any distractions like satellite. Impact of electronic media Is undeniable. But newspaper does something more permanent. We can miss some point of news In 1 hour telecast , but newspaper presents It In details -It Is difficult to miss any Important news there with big headlines unless you are in a hurry. Sometimes necessary adds(job, scholarship) are found in newspaper while tu rning pages .But that is not possible in TV satellites. Promotions of mobile companies, Did offers, etc are available in the printed news. That will be impossible to get all that in one channel or one site. We get all kinds of social view in one paper ,but never in one channel or website. So, the power of printed news remains superior even in the flourish of electronic media. The fact that we see news in the TV may seem more modern, but what we read in the newspaper , that has more permanent effect on our mind.

Agonism in the Academy Essay

Education, a most powerful tool of use in today’s world and one that we probably take for granted, could possible be at risk as far as how knowledgeable we are becoming on the material at hand. A mind is a terrible thing to waste, and because of agonism in academics, students now might not be getting the full potential out of their mind simply because of the way they/we are being taught. Deborah Tannen, a professor at Georgetown University, in the article â€Å"Agonism in the Academy: Surviving the Argument Culture† (2000) argues that discussion rather than debate is a more proficient way of teaching our students, likewise, collaborating ideas instead of tearing down material can benefit educators and the educated more in the long run. Through a focus on logic, Tannen explains the negative influence that agonistic learning has on academic culture; she uses ethos and pathos to support her logical argument that agonistic learning is not as valuable as open discussion. In order to clearly explain the problem of agonism, Tannen shares a personal experience of a book club meeting where academic material, and learning, was torn down by critics and agonistic people. According to Tannen, during the book club meeting there were disagreements of the material between different groups. As she states, â€Å"The phenomenon I’d observed at the book-group meeting was an example of what cultural linguist Walter Ong calls agonism. † (215). Here is where Tannen first exemplifies her main claim of agonism in academics, getting her audience familiar with the term. Tannen states, â€Å"I left the meeting disappointed because I had learned nothing new about the book or its subjects. All I had learned about is the acumen of the critics. I was especially struck by the fact that one of the most influential and most talkative critics was the member who had not read the book. † (215). Through this statement, and personal experience, Tannen is able to show how agonism is apparent in our academic world even in higher credential educated men and women. Along with showing how our argumentative culture overpowers our ability to discuss and create new ideas. This experience helps strengthen her credibility because we see that she is involved in academic discussions of a higher ranking, such as professors and higher educators. One logical example Tannen uses to glamorize agonism in academics, is the negative affect is has on students success in school, more specifically college students. She goes on to say â€Å"One problem with the agonistic culture of graduate training is that potential scholars who are not comfortable with that kind of interaction are likely to drop out† (217). Through this statement we see that Tannen is familiar with the ongoing issue that more and more students are dropping out of college because they don’t feel comfortable with they way they are being forced to learn. Which ties back into her argument of discussion rather than debate, meaning if you constantly have this ongoing strong debate, then you will lose students in the process because they are becoming less and less interested in what’s being taught. Tannens main goal through this article is to persuade us into thinking differently and seeing a new way of learning, a better way of learning that could benefit education in the long run. She wants to bring the issue into the light and help us see the affects that agonism is having on our learning. To accomplish this goal, Tannen uses the appeal of pathos, emotional appeal, to reach out to her audience in a different way. This is apparent when Tannen states, â€Å"We would learn more from each other, be heard more clearly by others, attract more varied talents to the scholarly life, and restore a measure of humanity to ourselves, our endeavor, and the academic world we inhabit† (220). Although very logical, this whole-hearted sentimental quote is meant to appeal emotionally to readers by giving the feeling that we need to save our academic humanity, and not let it go to waste. In essence, Tannen is promoting cooperative discussion, where students and educators can build off each others ideas, and form new perspectives. So what should, or could, be the immediate solution to this issue? While discussing agonistic ideology, Tannen states, â€Å"Our agonist ideology seems so eeply embedded in academe that one might wonder what alternatives we have† (219). Tannen may be saying here that there are no immediate solutions at this point in time, most likely because we have been engaging in this agonistic learning style for quite some time. On the other hand, Tannen goes on to state later in the article, while discussing another reading group experience, â€Å"Refocusing our attention. . . is the greatest gain in store if we can move beyond critique in it’s n arrow sense† (220). Now the solution is blunt, we as students and educators need to step back from critique and step forward to open discussion. Tannen does an excellent job in explaining and exemplifying throughout her article how agonism has a negative affect on academic culture. Through her powerful logical appeals and support of pathos and ethos, Tannen gives numerous credible claims to support her main argument and solution of how we as students and educators should collaborate ideas to form new perspectives rather than debating material and tearing it down piece by piece.

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