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Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon. Economic globalization comprises: globalization of production; which refers to the obtainment of goods and services from a particular source from locations around the globe to benefit from difference in cost and quality.
Although globalization has promised an improved standard of living and economic development, it has been heavily criticized for its production of negative effects. Globalization is not simply an economic project, but it also heavily influences the country environmentally, politically, and socially as well.
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
The insight by Edelman, R., & Wilson, W. (2017) explains “This new system of thought and practices imbued with positive values in the exertion and strategic deployment of the human body, embracing the Anglo-American notion that physical activity was meaningful in and of itself, conducive to values such as learning and character-building.
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization , cultural globalization , and political globalization .
Along with globalization comes myriad concerns and problems, says Stiglitz. The first concern being that the rules governing globalization favors developed countries, while the developing countries sink even lower. Second, globalization only regards monetary value of items, rather than other factors involved; one being the environment.
Alter-globalization slogans during the protests in Le Havre against the 37th G8 summit in Deauville, France. Alter-globalization (also known as alter-globo, alternative globalization or alter-mundialization—from the French alter-mondialisation) is a social movement whose proponents support global cooperation and interaction, but oppose what they describe as the negative effects of economic ...
Many nations have been affected by both the positive and negative effects of the Dependency Theory. The idea of national dependency on another nation is not a relatively new concept even though the dependency theory itself is rather new. Dependency is perpetuated by using capitalism and finance. The dependent nations come to owe the developed ...