Globalization of our economic system

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George Ritzer and Benjamin Barber have both argued that the globalization of our economic system, through the rise of multinational corporations and the expansion of capitalist systems, has led to a homogenization of local culture. Virtually everywhere you go in the world people eat pizza, drink soda, wear blue jeans, listen to rock and roll music, and watch movies about superheroes. Ritzer and Barber assume this is bad, because globalization represents a loss of cultural diversity and heritage. For the Final Paper, you will write a six- to eight-page essay evaluating the effect of globalization on local communities and their unique cultural heritages. The thesis of your paper should answer the following question: Is globalization good for local communities? Why or why not? To answer this question, you may need to consider some of the following questions: • • • What are the most important features of globalization? How does globalization affect local cultures? How should local communities respond to globalization? Remember that globalization has economic, political, and environmental aspects that effect local cultures in different ways. For example, issues of economic development, human rights, demographic shifts, and political stability might be relevant to your analysis. You must use at least six scholarly sources. While you may wish to do additional outside research for this project, you should first refer to the required resources for this class. Obviously, the Ritzer and Barber readings are relevant here, but so are others. For example, the Allison Jaggar article, “Is Globalization Good for Women?” (see Week One), provides a template for this assignment. Jaggar does a good job of showing how to start with a clear definition of globalization before moving to an analysis of globalization’s effect on a specific category of people. Additionally, Kwame Anthony Appiah’s essay, “The Case for Contamination” (Week Two); Thomas Friedman’s column, “Big Mac II” (Week Three); and Zygmunt Bauman’s article, “Glocalization and Hybridity” (Week 5), each provide a different analysis of how local communities can respond to the threat of cultural homogenization posed by globalization. Jaggar, A. (2001). Is globalization good for women? Comparative Literature, 53(4), 298-314. http://dx.doi.org/10.1215/-53-4-298 Appiah, K. (2006, January 1). The case for contamination (Links to an external site.)Links to an external site.. The New York Times. Retrieved from http://www.nytimes.com/ Friedman, T. (1996, Dec. 11). Big Mac II (Links to an external site.)Links to an external site.. The New York Times. Retrieved from http://www.nytimes.com/ Bauman, Z. (2014). Glocalization and hybridity (Links to an external site.)Links to an external site.. Glocalism: Journal of Culture, Politics, and Innovation, 2013(1). http://dx.doi.org/10.12893/gjcpi.2013.1.9 George Ritzer and Benjamin Barber have both argued that the globalization of our economic system, through the rise of multinational corporations and the expansion of capitalist systems, has led to a homogenization of local culture. Virtually everywhere you go in the world people eat pizza, drink soda, wear blue jeans, listen to rock and roll music, and watch movies about superheroes. Ritzer and Barber assume this is bad, because globalization represents a loss of cultural diversity and heritage. For the Final Paper, you will write a six- to eight-page essay evaluating the effect of globalization on local communities and their unique cultural heritages. The thesis of your paper should answer the following question: Is globalization good for local communities? Why or why not? To answer this question, you may need to consider some of the following questions: • • • What are the most important features of globalization? How does globalization affect local cultures? How should local communities respond to globalization? Remember that globalization has economic, political, and environmental aspects that effect local cultures in different ways. For example, issues of economic development, human rights, demographic shifts, and political stability might be relevant to your analysis. You must use at least six scholarly sources. While you may wish to do additional outside research for this project, you should first refer to the required resources for this class. Obviously, the Ritzer and Barber readings are relevant here, but so are others. For example, the Allison Jaggar article, “Is Globalization Good for Women?” (see Week One), provides a template for this assignment. Jaggar does a good job of showing how to start with a clear definition of globalization before moving to an analysis of globalization’s effect on a specific category of people. Additionally, Kwame Anthony Appiah’s essay, “The Case for Contamination” (Week Two); Thomas Friedman’s column, “Big Mac II” (Week Three); and Zygmunt Bauman’s article, “Glocalization and Hybridity” (Week 5), each provide a different analysis of how local communities can respond to the threat of cultural homogenization posed by globalization. Jaggar, A. (2001). Is globalization good for women? Comparative Literature, 53(4), 298-314. http://dx.doi.org/10.1215/-53-4-298 Appiah, K. (2006, January 1). The case for contamination (Links to an external site.)Links to an external site.. The New York Times. Retrieved from http://www.nytimes.com/ Friedman, T. (1996, Dec. 11). Big Mac II (Links to an external site.)Links to an external site.. The New York Times. Retrieved from http://www.nytimes.com/ Bauman, Z. (2014). Glocalization and hybridity (Links to an external site.)Links to an external site.. Glocalism: Journal of Culture, Politics, and Innovation, 2013(1). http://dx.doi.org/10.12893/gjcpi.2013.1.9
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Running head: GLOBALIZATION OF OUR ECONOMIC SYSTEM

Globalization of Our Economic System
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GLOBALIZATION OF OUR ECONOMIC SYSTEM

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Globalization of our Economic System
Globalization is significant because it offers business opportunities from the foreign
markets. Globalization means direct relations between countries because it provides different
aspects of economic integration. Internationally, the idea of globalization has led to an increase
of trade over the years. Therefore, many companies in various countries have emerged to look
for new growth opportunities, which are beyond their originals country's border. Globalization
has essential features that promote culture and women although deferent responses from different
communities
Important Features of Globalization
Globalization has led to the interconnection of societies whereby the world has become
like a global village where people can access others easily. The interaction of the people has led
to exchange in cultures and idea that has helped to improve the overall world relations. For
instance, globalization has seen continents that are underdeveloped interact with the developed
thus reducing vices such as racism.
It has also led to economic integration through which countries can share resources
such as raw materials and new ideas of investment opportunities hence creating a competitive
environment. This kind of environment could lead to the production of quality goods because
every country wants to make a good sale of their p...


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