Analysis of Globalisation’s Effect on China

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Analysis of Globalisation’s Effect on China

“Globalization”, a term developed for common usage in the 1980’s to represent the progressing motion or movement between nations, intellect and wisdom, trades and money across the continent that has led to growth of interdependent behavior among themselves, economically, politically, socially and culturally. Though when mentioning the word “Globalization”, it is usually recognized as being driven by a combination of economic and technological factor.

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According to a paper written by Brandon Levy (2012), he explained that, “Globalization is the process of increased interconnectedness among countries. The prosperous economic development that is typically gained because of the increased interconnectedness among countries usually results in a better standard of living, and an overall improved quality of life. The successful economic development of a nation hinges on its ability to globalize. Given that the international integration of national economies has such a profound effect, globalization plays a central role in determining the future of the world.”

While globalization, to many, provides a sign of supremacy as having the key to make societies prosperous through trade, at the same time sharing their intelligence and education proficiency to people around the world, there are still numerous populations who perceives globalization as the root of the global problem where some who are well-off and educated are exploiting the needy through different means and tactics throwing more chaos into the situation as we know it, and also as a threat that accelerated modernization might eventually harm the conventional cultures they have practiced before globalization took over. So does globalization create a negative or positive impact on the world?

An example of world’s leaders believes that globalization and capitalism is the best cure for solving conflict. According to a speech by ex-leader of WTO, Pascal Lamy (2004), “For the fact is that globalization is currently a two sided coin: one bright, the other excessively dark. The bright side is important. Globalization can bring spectacular success – like the 200 million people lifted our of poverty in China since 1990, a single fact which alone makes it possible to envisage the Millennium Development Goal of halving world poverty. ” (P.1), He believes that globalization might have its dark side of the coin but through it, the conflict that comes together with globalization will be contained. He also concluded that the WTO and the Doha negotiations can be an effective tool in harnessing globalization in the interests of all, and combating thee darker side of the moon…

Another example, Robert E. Litan explained that, “In the end, we cannot avoid the challenge of globalization. Meeting it through unilateralism or one worldism is likely both to destabilize the world economy and slow improvements in living standards at home and abroad. Instead we should embrace the opportunities that globalization affords, ease the anxieties it generates, and reform and strengthen the international economic institutions created to promote both global economic stability and growth.”

The author of the article leans towards the idea of globalization with how it can be controlled and stabilized through work and an amount of time, with very