Globalization , what is the impact of globalization on middle east ? final project

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WBFU1212

Business Finance

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I would like to write an academic paper on globalization and its impact on the Middle East, as well as the impact of the Middle East on globalization. In identity, culture, and societies. this project should be at least 14 pages.


The first five pages are a theoretical introduction containing a number of theories. These theories explain how globalization has affected the Middle East. The remaining pages talk about:

1. The impact of globalization on the Middle East

Full introduction

* Identity: with an example

* Culture with an example

Community: With an example

2 - The impact of the Middle East on globalization

Full introduction

* Identity: with an example

* Culture: with an example

Community: With an example

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Explanation & Answer

Attached.

Running head: IMPACT OF GLOBALIZATION IN THE MIDDLE EAST

Impact of Globalization in the Middle East
Name:
Institution:

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IMPACT OF GLOBALIZATION IN THE MIDDLE EAST

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Globalization involves integration and interaction among individuals, governments of
different countries, and companies. It is compelled by investment and global trade and assisted
by IT and communication. The process affects culture, the surroundings, political structures,
prosperity, economic growth, and the physical welfare of humans in societies around the globe.
However, the concept of globalization is extremely contentious.
Protagonists of globalization argue that it enables developing countries and their citizens
to grow parsimoniously and elevate their standards of living. Those that are against the concept
argue that the development of an unregulated international free market has been valuable to only
multinational firms in the Western world to the detriment of indigenous culture, local enterprises,
and ordinary people.
The antagonism of globalization has thus taken shape both at a prevalent and government
level as people and administrations attempt to sustain the circulation of labor products, capital,
and ideologies that constitute the existing upsurge of globalization. To get the correct balance
between costs and benefits related to globalization, residents of all countries need to understand
how it works and the choice of policies facing them and their communities.
Participating in globalization can significantly contribute to the development of the
economy between Middle East nations. Globalization and its impact on growth have profound
significance both on permanence and the international economy (Ozdemir, 2008). The challenge
of globalization primarily exists at the state level. Most nations in the region have acknowledged
the ideologies of economic liberalization and the necessity of adopting the standards of the
World Trade Organization (WTO). There is, however, a genuine fear of globalization due to its
adverse inferences as pro-Western phenomena. The fear has molded the region's dealings with

IMPACT OF GLOBALIZATION IN THE MIDDLE EAST

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the west. The following theories will help in explaining how globalization has affected the
Middle East:
Theory of Liberalism
The theory considers globalization as a procedure of market-directed expansion of
transformation. At the fundamental level, it is an outcome of a normal human desire for political
liberty and economic well-being. As such, connectivity is extracted from human motivations to
maximize material welfare and to exercise intricate freedoms (Pooja, 2017). The forces
ultimately intertwine civilization across the world. They fructify in the form of technical
advances specifically in the aspects of communications, information dispensation, and transport
in addition to appropriate institutional and lawful arrangements to enable liberal fairness and
markets to spread on a global scale.
The conventional wisdom is that liberalism has been all but wiped out as a political
ideology in the Middle East. Past strains such as wars with Israel, Western colonial interference,
impoverished populations, and windfall oil profits long ago extinguished any meaningful
tradition of openness in its relatively young nations. The Middle East has however changed its
firm stance by allowing foreign firms to establish their subsidiaries and charges them relatively
low taxes while others are tax-free to enable them to attract as many investors as possible.
An excellent example is Iran. It has been criticized by many for lacking religious and
political freedom, a poor record of human rights, and the acknowledgement of Shia Islam as their
main religion. The country is far from progressive on many aspects. Nonetheless, it has
instigated several policies that would astonish even lawmakers in the West because of their
highly liberal nature (Volk, 2015).

IMPACT OF GLOBALIZATION IN THE MIDDLE EAST

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For instance, the state runs a drug rehabilitation center that serves both as a spiritual and
medical support center for individuals who suffer from drug addiction. The facilities enable those
addicted to a subdivision of drugs called opioids to undergo a therapy known as methadone
management which is a way of replacing the opioid with a much weaker prescription for a short
time to avoid the excruciating withdrawal symptoms abstaining from opioids. The country has
3,300 clinics that offer this type of treatment; the US that has four times the population of Iran
and has roughly 1,300 clinics.
Theory of Political Realism
Supporters of the theory are concerned with questions of state power, a conflict among
states, and the quest for national interest. The theory argues that states are inherently egocentric
and acquisitive, and heading for inescapable competition for power (Pooja, 2017). Several
supporters of the theory stand by the balance of power, where any effort by a single nation to
accomplish world dominance is counteracted by combined resistance from other nations. Others
suggest that a dominant nation can bring stability in the world order.
Globalization has been described as a strategy in the power contest among various major
countries in contemporary global politics. For example, the hegemon states or G7/8 defines and
maintains global institutions and rules that both caters to its interests and simultaneously contains
conflict among other countries. They mainly concentrate on activities carried out in major
countries such as China, USA, Great Britain, Japan, France and several other large nations.
Therefore, the political pragmatists highlight the problems of power and power scuffles and the
duty of c...


Anonymous
This is great! Exactly what I wanted.

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