globadrft[1]

globadrft[1] - 1 Global Studies 100A T.A. Wilford 5 March...

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Global Studies 100A T.A. Wilford 5 March 2007 Globalization’s Self-Reversal Today’s globalization, while attempting to homogenize the world through the promise of economic prosperity- influencing flows of goods and businesses, peoples and ideology- has also influenced the emergence of significant inequalities and animosities in and among the world’s nations. It is in these disparities and their growth that globalization has the potential of destroying itself, ultimately leading to a reversal of global interconnectedness. Working on a capitalist model that necessitates expansion as well as specialization, globalization, while in theory, encourages trade and industrialization throughout the world for the benefit of the world’s citizens, in practice, has not been so comprehensive: limiting the profits of a global economy to a select few, both in the number of nations and of individuals within those nations. The economic, in turn, effects the cultural and social. Just as globalization disperses businesses and goods throughout the world, it does so with peoples and ideologies- shaping migration through the creation of new employment opportunities and prospects of a better quality of life, and spreading technology that connects individuals without necessitating relocation. However, while globalization facilitates the spread of people and ideas from country to country, seemingly contributing to the homogenization within the world, conflicts inherently take place, causing divisions between people and belief systems that conflict with the conformity in globalization. As the world experiences similarity on an economic level, the human level is establishing lines of demarcation that result in a globalized world inhabited by a disunited population. With 1
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interconnectedness of the world today due to globalization, the seemingly inconsequential conflicts that are occurring on a social level hold the potential of influencing the national and, in turn, the international sphere- possibly resulting in a worldwide conflict that will instigate a reversal of globalization. Adherence to the economy of globalization, founded on the ideals of specialization and trade and patterned by the archetypes of the Ricardian and the Heckscher-Ohlin, results in not only the spread of commodities and industry, but also the necessitation of migration. The Ricardian and Heckscher-Ohlin models of global economy, promote trade and specialization while dividing nations into labor-intensive or capital-intensive producers, intrinsically causing inequality between the nations of the world. Since, according to the Hechscher-Ohlin model “a country’s wage rate[…] depends on relative productivity in its other industries,” the industrialized and thus more productive nation, manufacturing the more valuable good, experiences not only an increase in returns, but an increase in income (Krugman and Obstfeld 11). Whereas, in regards to Krugman and Obstfeld’s Foreign and Home model, the labor-
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This note was uploaded on 06/02/2008 for the course ENG 154 taught by Professor Batten during the Spring '08 term at UCLA.

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globadrft[1] - 1 Global Studies 100A T.A. Wilford 5 March...

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