Analysis of The Effects of Globalisation Research Paper

Analysis of The Effects of Globalisation - Research Paper Example According to (Giddens 2001), globalization is "the growing interdependence between different people, regions, and countries in the world as social and economic relationships come to stretch worldwide". The International Forum on Globalization defines it as, "the present worldwide drive toward a globalized economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments." (Rosenberg 2000) defines "The term 'globalization' after all, is at first sight merely a descriptive category, denoting either the geographical extension of social processes or possibly, as in Giddens' definition, 'the intensification of worldwide social relations'." According to the (World Bank Brief 2000) globalization gained pace in the 1980s and 1990s, with the advancements in information technology, transportation, and global communications. These include improved telecommunications, the Internet and faster world travel, to name a few. These technological improvements enabled people to transport goods, services, and knowledge, faster, farther and more reliably. Governments have also adopted more open policies that allow for closer international economic cooperation. All these factors contribute to globalization. Â  In governance and business, many of today's leaders have lost sight of their visions for their organizations because of globalization. Globalization has proceeded throughout history at a fast pace and with uneven intensity. Many organizations have experienced changes due to globalization. They have realized the acceleration once again late in this century, after almost 50 years of regression. More and more, national economies today integrated into single global markets through trade, finance, production, and a dense web of international treaties and institutions. My research will explore the relationship between the different elements that are associated with the new developments of globalization. Â  My study on this topic uses historical and descriptive analysis, which I considered more of a qualitative research approach to the study of globalization. In using this method, I found that it helps to trace the roots of the research problem and its effect on the present debate about globalization. At the same time, it helps to explore the relationship between the different elements that are associated with the contemporary developments of globalization.