Globalization (Extended Analysis) Essay Example | Topics and Well Written Essays - 750 words

globalization (Extended Analysis) - Essay ExampleMoreover, it neer realized that state al wizard could not produce enough of wealth without people participation willingly not forcefully. Also, it failed to understand that non-efficient or laggards could not be equated with efficient and committed workers in terms of rewards. capital letterist economy by its very philosophy rewards those who contri bute most in the wealth generation. It is also true that collectivism did thwart the process of globalization at least until 1989 when the entire communist bloc, in principle and practice, collapsed all across Europe and other parts of the worldly concern. It is obvious that when one policy-making system or political orientation especially, when it has generated a great deal of hopes, fails miserably people begin to look at other political system ignoring whatever shortcoming it may gather in and that is what precisely happened. Capitalism bulldozed the old rotten ideas of fabi anism completely and began spreading its wings across most part of the world. It is perfectly fine to state that capitalism and globalization, in last two decades, went ahead neck to neck. Though the failure of communism is certainly one of the reasons for giving a way to globalization but it is equally true that technology and internet has been implemental in accelerating the pace of globalization. It is because of the internet that messages get transmitted from one end to another in some seconds without whatsoever help from postal or courier services. Due to this, peoples across the world with different cultures, creeds and races have started feeling much closer than ever in the history of mankind. People need not break away from one orbit to another for accomplishment of any task. A capital transfer from one country to another is virtually instantaneous without any inhibitions. Currency markets are now working round-the-clock and capital moves from one country to another jus t by click of a mouse. The fact remains that, if any country refuses to acknowledge or participate in this process then it is certain to bring distress for its people. All said above, it should never be construed that globalization is a panacea for all evils. Barber right argues, The collapse of state communism has not delivered people to a safe democratic haven (29). jibe to Barber, the world is now racing ahead with jihad and McWorld side by side. He further argues that Jihad and McWorld are not important in themselves however, their relationship is important because anarchy rules them both. Both lack assured and collective human control. Barber opposes both Jihad and McWorld equally. While Jihad emerges from narrowly conceived faiths that belie coarse dependence and social cooperation of people for growth and stability, McWorld tends to develop colonizing culture. Barber may be true in acknowledging that jihad is prospering in some parts of the world in last few decades but it is not an outcome of globalization. It is technology that has facilitated them. Further, I do not agree with him that both are interdependent. Globalization has more to do with economic system or free market economy that rests on readiness of operations and comparative advantages of the nations. The proportion of Jihadis is very small compared to the total global population and majority of the world population do not