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1. Globalization
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Globalization |
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... This phenomenon has been titled "globalization.", or another point of view; “Globalization is the final stage and triumph of the development of capitalism. ... This is the scenery which is called “globalized world” or, in short, “globalization”. "The Era of Globalization" is fast becoming the preferred term for describing the current times. Just as the Depression, the Cold War Era, and the Space Age, are used to describe particular periods of history; globalization describes the political, economic, and cultural atmosphere of today. While some people think of globalization as primarily a synonym for global business, it is much more than that. ... Globalization has economic, political and cultural dimensions, all of which can have a social impact. The Task Force restricted its analysis largely to the effects of economic globalization. Economic globalization can be simply defined as a process of rapid economic integration between countries. ... The international flow of soft technology is another facet of globalization. ... The social impact of globalization It is extremely difficult to assess the consequences of a complex and all-embracing phenomenon such as globalization. ... It is particularly difficult to isolate empirically the impact of any one dimension of globalization from the impact of other economic or political changes. Theoretical considerations and empirical evidence suggest that globalization has the potential to increase peoples welfare. ... Even beyond these transitional costs, globalization leads to labour market adjustments that can have a social impact in terms of increased social inequalities. ... 2 Globalization and social inequalities According to standard economic theory, under certain conditions trade holds the promise of diminishing income inequalities in developing countries, while threatening to increase inequalities in industrialized countries. ... 3 Taxes and globalization As mentioned above, globalization can improve business opportunities, thereby raising output and government revenues. On the other hand, globalization can also affect the tax base in various ways. ... The purpose of this section is to describe taxation trends in the context of globalization. ... Globalization and State Here the right question is, “what is the importance of state in borderless world community? ... Globalization can be realized only by the help and support of the national state. ... The first point is that the globalization of 1980s and 1990s is neither novel nor complete. It is not novel because our old world experienced a full globalization in between 1870-1914. ... The causes of this perfect globalization were the development of transportation and communication networks, the rapid growth of trade and a huge flow of capital, as direct investment, to less developed countries (Waters, 1995, pp. ... For this reason the recent globalization should be regarded as incomplete. Second point is the causes which led the globalization process. The causes of globalization for both which occurred between 1870-1914 and in the last quarter of this century are the same with two exemptions. ... The main causes of globalization were and still are: • The development of transportation and communication networks; • The rapid growth of trade; • The flow of capital to low developed countries; Now we can consider the real different and extremely important causes of the recent globalization. |
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Title: Globalization
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