Question

globalization

1. “The inexorable integration of markets, nation-states, and technologies to a degree never witnessed before--in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper and cheaper than ever before . . . . the spread of free-market capitalism to virtually every country in the world "
2. "The compression of the world and the intensification of consciousness of the world as a whole . . . . concrete global interdependence and consciousness of the global whole in the twentieth century"
3. "A social process in which the constraints of geography on social and cultural arrangements recede and in which people become increasingly aware that they are receding.

Which of the three perspectives on globalization discussed makes the most sense to you? Why? tell one experience/observation you have had/made that supports your choice of perspective.

Answer 1

1.

It is the integration perspective of globalization that makes most sense because it has created different markets to be come one where products from different countries and MNCs are available for sale at the same place. This tendency of integration is still growing as more nations are joining each other to form bilateral and multi lateral free trade agreements of different level. Here, participating nations belong to different continents and it is only due to the integration. So, it is the integration that has causative impact upon the interdependence, social overlapping and compression of the world. Therefore, it is integration that makes most sense and importance to me.

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One experience is the presence of human resources in the organization that has different nationalities. It is strategic in nature and it is only possible when world markets are integrated and one MNC can have workers or employees of different nationalities, depending upon their requirements as free market has helped workforce to move from one nation to another nation. Besides, at a personal experience, visiting a mobile store and presenting mobile phones manufactured in USA, China and South Korea at the same place is also an example of integration of markets where products are free flowing from one market to another market and leading to expansion of the market.