This paper studies the effects of globalization and looks at its benefits to nations.
Written in 2008; 1,600 words; 11 sources; MLA; $ 52.95
Paper Summary:
In this article, the writer notes that from being demonized to lauded as the most critical economic engine that underprivileged nations have to rely on, globalization's influence is often clouded by inaccurate and often biased reporting and slanted by the political agendas of nations affected by its dynamics. The writer maintains that paradoxically the nations that have resisted globalization including many in Latin America are suffering economically more than ever before mainly due to their political instability and anti-globalization stance. Conversely, China and the Pacific Rim nations have taken a decidedly pro-globalization stance and as a result are reaping both democratic and economic gains, leading to gains in education, health care and ultimately the abilities of their countries to compete globally more effectively. In this paper the writer argues the benefits of globalization and looks at how nations' economies are further strengthened by participating and competing as a result. The writer concludes that globalization's effects on nations is to make them capable enough to seize freedoms that myopic and ill-advised anti-globalization activists would seek to rob from them through protectionism and ignorance of the fact that any given nations' ability to grow is based on its ability to globally compete.
Outline:
Synopsis
Defining Globalization
Globalization is Forcing a Concentrated Market Orientation
Summary
From the Paper:
"When cost reduction is seen as the greatest competitive threat, it is easy for complacent organizations to rationalize that their products deliver superior value to their low-cost rivals. Yet the organizations with complacent cultures would do well to look deeper at their global competitors and realize a few key points. First, the fact that for many of these low-cost competitors, their core strength is in taking production, selling, and service processes to a new level of simplicity; something a competitor in a complacent environment will not even see. Second, there is the fact that every organization today is on a global playing field, every day, whether they want to see that perspective or not. Third, the fact that there are price leaders in every industry is no predictor of industry consolidation or contraction. When one considers these three key points its clear that for even the most complacent of organizations, they must see themselves as being a global competitor if they are to survive. Managerial decisions need to be more about heightening customer value over simply turning a deaf ear to global competition."
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