Globalization Source Analysis Essay - 730 Words

Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources. Source I’s perspective is the view that through globalization; many cultures are destroyed and that this diminishes society. This source outlines a†¦show more content†¦Source III’s perspective is the view that because of globalization, specifically Americanization (to absorb or assimilate into American culture), transnational corporations (any corporation that is registered and operates in more than one country at a time) have become a dominant part of global culture. This source describes this as a negative consequence of globalization. The heading â€Å"Problems of Globalization†, clearly shows that the source is trying to convey a negative aspect of globalization. This can be interpreted by examining the political cartoon; the family of three each talks about the different places they’ve been and yet they have all purchased merchandise from American companies. This is possible through the fact that American transnationals have spread all acros s the globe and have taken up monopolies (the exclusive possession or control of the supply or trade in a commodity or service) on certain industries. This source probably feels this way because of the basic principle of economies of scale (the cost advantage that arises with increased output of a product). As a transnational becomes larger it expands to different countries and the local small businesses stand no chance of competing with wealthy transnational corporations. In this way, business is crushed and transnationals become a staple of global culture. The three perspectives on globalization that I have discussed so far each have some thingsShow MoreRelatedIs Globalization Good for Workers? Definitions and Evidence from Latin America1118 Words   |  5 Pagesarguments and insights According to most economists, globalization is seen as a beneficial asset for workers, while on the other hand, various sociologists, anthropologists, and historians would beg to differ. Several data determines that even though globalization has increased average incomes in Latin America, the cases of employment quality still tend to be deteriorating. 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