Chapters 1,2, and 8

 

Globalization can give off positive and negative effects. The process can make people richer and give off benefits to the producers and consumers. It can also give off inequality in terms of trade. The power of the government can be limited, which means that trades can be made easily without the interference of the officials. Although they have their limits, they can quickly gain control of capital. It can be seen as a westernization and that much of the contribution is given to western society. The process grew through history from the Renaissance to the Industrial Revolution, where technology made shipments of goods were made easy. There’s also the western dominance and that the greed from super nations like the United States made rules and laws which states that they won’t serve the people under poverty. Western imperialism was an idea and that there would be an influence through the rest of the world. Inequality has been a challenge and gives off the impression that the poor are getting poorer. It states that wealthy nations don’t show interest in poor nations. Certain benefits would be applied to some countries than others. The capitalism is expanding making market relations shifty and giving out social opportunities to the “underdogs.” The main problem with globalization is the balance that nations produce and the distribution to which countries. The concept of Neoliberalism is that the government had very little to control when it comes to trade. Models from the US and the UK illustrate that it’s defined as the global problem.