The end of the Cold War brought about a great deal of positive change for the world at large. After a half-century of conflagration and conflict on all inhabited continents, the struggle for nation-building supremacy that had been waged between the United States and the Soviet Union had reached a breaking point. Incapable of maintaining its imperial holdings any longer, the U. S. S. R. ceded its stake in the struggle, with the U. S. emerging in the early 1990’s as the globe’s lone superpower.
It is within the framework of this circumstance that the extremely controversial topic of globalization has taken on its commonly accepted definition relating to the diminishing of trade barriers and a broadening of the supply chain. Principally a successor to America’s nation-building strategy in its larger ambition to move the world’s developing countries toward democracy through unfettered economic internationalization, globalization is a process which inherently seeks to extend capitalism beyond domestic boundaries and into nations with potential for industrial growth.
Like the nation-building strategies of the past, globalization is a deeply controversial force. Its potential for collective improvement is a definition roundly rejected by many social welfare activists, who instead see it as a means to furthering conditions of economic inequality. However, the scale of economy for nations invested in globalization speaks to the difficulty in its successful implementation, with the demand for a more evenhanded distribution of global wealth shifting improvements to the benefit of the developing world.
The Essay on Globalization Globalized World
... world is trying to pollute there faith may bomb buildings housed by the globally connected countries. An action trying to stop globalization, but globalization ... of non-zero-sum game theory logic, all the nations in the world will become globalized, or interconnected, on a long enough ... When I say war I am not talking about terrorism. Nations may not fight with each other, but individual citizens may ...
Indeed, according to a definition which followed the passage of the North American free trade Agreement in 1995, researchers contended that the transportation now demanded by the supply chain expansion would, if stewarded properly, help to improve the economic fortunes of states where such efforts have been invested. Here, researchers observe that “at high transport costs all countries have some manufacturing, but when transport costs fall below a critical value a core-periphery pattern spontaneously forms, and nations that find themselves in the periphery suffer a decline in real income.
At still lower transport costs there is convergence of real incomes, in which peripheral nations gain and core nations may lose. ” (Krugman, 1) As such, to many, the definition of globalization is inextricably linked with the promise of a shift of wealth through capitalism to those in the greatest need. Its advocates view globalization as the inherent effect of technological and political advance, with natural market tendencies serving as the prime impetus for expansion beyond traditional nation-state parameters.
The International Monetary Fund, a primary institution in the implementation of globalization efforts, notes that the process “refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity—village markets, urban industries, or financial centers. ” (IMF, 1) In this way, globalization is seen as an evolution of market behaviors, with our technological capabilities and a degree of cultural relativism breaking barriers to inter-state commerce.
In no small way accelerated by the dissemination of communication technologies such as the internet and mobile cellular devices, globalization primarily concerns the breakdown of barriers to free trade between sovereign states and the elimination of restrictions to the multinationalization of corporations. Its advocates argue that this is contributory to a system which is collectively beneficial to all parties involved. Indeed, numbers in the first decade seem to bear this notion out.
The Essay on Shifting Global Trade Flows
Shifting Global Trade Flows The Impact on U.S.A & Mexico Bilateral Trade During World War II Mexico was in the very good business relations with the United States. Mexico provided a lot of raw materials in order to support American military needs. In that time the U.S. had an agreement with Mexico specifying that the country would export its resources only to the Allies. In 1986, Mexico became ...
“Among rich or developed countries the share of international trade in total output (exports plus imports of goods relative to GDP) rose from 32. 3 to 37. 9 percent between 1990 and 2001. For developing countries (low and middle income countries) it rose from 33. 8 to 48. 9 percent in the same period. ” (World Bank, 1) And for the United States, it is contended, there is an economic comparative advantage which precipitates that two economies of antithetical scales—such as in the relationship between the U. S. and Mexico, for example—will offer balance to one another under the parameters of free trade.
When in 1993, the North American Free Trade Agreement passed through U. S. Congress, it altered relations between the United States and Mexico, encouraging such a principle. And indeed, “trade between the United States and Mexico has significantly increased since 1994. ” (Rossheim, 1) This, in combination with vast computational improvements attributable to the proliferation of the internet, has also allowed economically powerfully retail corporations to integrate both political and technological changes to improve supply chain efficiency.
Namely, the diminishing requirement for tangible representations of consumer items has, for such retail organizations, “tightened the links with suppliers, eliminated all interim warehousing [and] adopted just-in-time production techniques. ” (Taylor, 1) This has certainly been facilitated to an extent by the relocation of our manufacturing core to developing economies in Mexico and Asia, where more affordable and less-labor restrictive parameters have allowed such companies to become more directly linked to production characteristics abroad.
Overall, globalization offers benefits to its participants at every level, improving costs for corporations operating abroad, reducing barriers to benefits interstate commerce and creating jobs and markets in nations heretofore incapable of doing so on their own.
The Essay on United States Nafta Mexico Trade
NAFTA: A Promising Future For The U. S. and Mexico After six years of remarkable trade successes, The North American Free Trade Agreement, also known as NAFTA, still continues to cause discussions and debates as to its pros and cons. Even Vicente Fox, the newly inaugurated President of Mexico, failed to receive a commitment from George W. Bush nor Al Gore with regard to an assurance of support to ...
Works Cited: IMF Staff. (April 12, 2000).
Globalization: Threat or Opportunity? International Monetary Fund. Ret. 4/17/08 http://www. imf. org/external/np/exr/ib/2000/041200. htm Krugman, Paul. (1995).
Globalization and the Inequality of Nations. UConn Economics. Ret. 4/17/08 http://ideas.repec. org/p/nbr/nberwo/5098. html Rossheim, John. (2002).
Job Creation and Job Destruction.
The Great Labor Shortage. Ret. 4/17/08 http://ideas. repec. org/a/fip/fedder/y1998iq1p12-23. html Taylor, David A. (2005).
Supply Chains: A Manager’s Guide. Business Intelligence. Ret. 4/17/08 http://www. businessintelligence. com/ex/asp/id. 4/page. 1/xe/biextractdetail. htm. World Bank. (2004).
Assessing Globalization. World Bank Briefing Papers. Ret. 4/17/08 http://www1. worldbank. org/economicpolicy/globalization/issuesbriefs. html
