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How Covid Spread The Fear Of Globalisation

by Rosetta Chittenden (2021-11-11)


First, we discuss two issues associated with economic globalization—economic justice and migration—and then we turn to two issues connected to political globalization—human rights and global governance. Global feminists argue that patriarchy is universal; women across the globe have a common experience of gender oppression. They promote the recognition of a "global sisterhood" based on these shared experiences, which transcends differences in race, class, sexuality, and national boundaries. This solidarity is thought to provide a unified front against global patriarchy. Transnational feminists also advocate for solidarity across national boundaries. However, their approach emphasizes the methodological commitments discussed above, specifically intersectionality, sensitivity to concrete specificity, and self-reflexivity.
  • The world today is more united and concerned about common globalisation problems being faced by the people- be it global warming, terrorism, or malnutrition etc. natural disasters faced or atrocities encountered at any part of the world attract immediate attention all over.
  • Governments vied with each other to make their country more hospitable – more "competitive" – for businesses.
  • Politics may play more of a role going forward in shaping supply chains, but it will not supersede economics.
  • They also allowed for the development of the ‘knowledge creation society’ of today, which is centred around global metropolises.

But the power of the idea has led to the overly credulous acceptance of much of what is put forward in its name. Stiglitz writes that there is simply no support for many I.M.F. policies, and in some cases the I.M.F. has ignored clear evidence that what it advocated was harmful. You can always argue -- and American and I.M.F. officials do -- that countries that follow the I.M.F.'s line but still fail to grow either didn't follow the openness recipe precisely enough or didn't check off other items on the to-do list, like expanding education. By opening its economy, a nation makes itself vulnerable to contagion from abroad.
The contributors include scholars, researchers, and professionals in social, natural, and technological sciences. They cover globalization problems within ecology, business, economics, politics, culture, and law. This interdisciplinary collection provides a basis for understanding the concepts and methods within global studies and for accessing lengthier and more technical research in the field. Before the existence of internet in year 1955, consumers purchased entertainment products such as music CDs from entertainment outlets. As technology advances, entertainment industry has been affected with the existence of Peer-to-peer architecture which implemented worldwide.
Globalization brings reorganization at the international, national, and sub-national levels. Specifically, it brings the reorganization of production, international trade, and the integration of financial markets. This affects capitalist economic and social relations, via multilateralism and microeconomic phenomena, such as business competitiveness, at the global level. The transformation of production systems affects the class structure, the labor process, the application of technology, and the structure and organization of capital. Globalization is now seen as marginalizing the less educated and low-skilled workers. Business expansion will no longer automatically imply increased employment.
For instance, Gould argues that participants in transnational associations have equal rights to participate in decisions about their common activities. She also suggests that the Internet and other communication and information technologies, such open source software and online deliberative forums, can "help to increase both democratic participation and representation in the functioning of transnational institutions" . Globalization has been accompanied by the establishment of formal democracy in some countries and the number of women serving in national legislatures has increased in some nations. However, some feminist philosophers are quick to argue that neoliberalism has not resulted in increased political influence for women on the whole, especially at the level of global politics.
Now people can travel faster, communicate with each other, and benefit from life-saving medications. Technological and scientific advancements have made the world a better place. Improvement of lifestyle has increased the life expectancy of human beings. Global powers manipulate their money to increase their worth and demand. Currencies like euro, dollar, and pound are classic examples in this regard.

With the chance to expand its global outreach, globalization is playing an important role. These shared-phone programs are often funded by businesses like Germany’s Vodafone or Britain’s Masbabi, which hope to gain market share in the region. Phone giant Nokia points out that there are 4 billion mobile phone users worldwide—that’s more than twice as many people as have bank accounts—meaning there is ripe opportunity to connect banking companies with people who need their services . Other programs are funded by business organizations that seek to help peripheral nations with tools for innovation and entrepreneurship. If it does create a backlash, one reason is the standard Bolshevik explanation -- the I.M.F. really is controlled by the epicenter of international capital.

The pandemic has hurt MSMEs that make 95% of companies and account for 60% of employment across the world. Understandably, WTO wants to foster a transparent, non-discriminatory and predictable global trade environment that enhances MSME involvement in international trade. Stiglitz explains that globalization could be either success or failure, depending on its management. There is a success when it is managed by national government by embracing their characteristics of each individual country; however, there is a failure when it is managed by international institutions such as IMF.