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Examples Why Economic Growth Has Been Such An Important Indicator To Measure The Success Of Globalization

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T18 Zhou Boqi Topic 1 Assessment 2 Explain, with broad examples, why economic growth has been such an important indicator to measure the success of Globalisation? Globalization is the act of an international exchange of ideas, culture, business and etc. Globalization connects everyone from around the world. With modern communication and efficient transportation, countries are able to do trades easier and faster. Through globalization, companies and organizations are able to reveal their products to the world. An excellent example for this would be Coca-Cola, a worldwide drink that is available in nearly every country. With globalization, Countries will be more easily influenced by the cultures of other country. One good example would be the so called ’Otaku Culture’ that originates from Japan. Originally targeting Asian immigrants that is working in the United States, anime and manga now reach a wider and broader audience as more and more locals become fans. Previously an unknown term, now there are …show more content…

Economic self-interest is not a cure-all for political problems. Not every country base their actions on profit and especially superpowers such as China and Japan. Both China and Japan citizens have strong national pride and one misstep the government make could result in a riot caused by those who disagree (One example would be the conflict in Ukraine) In this case, profit is not the only bargaining chip on this table. Even small controversies such as a visit from a Japanese leader to the Yasukuni Shrine are taken into account by the Chinese. Expanding the scale of that to the conflict of Diaoyu/Senkaku Island and stacking all conflicts between China and Japan over the years up, China and Japan are on the brink of a third world war. This conflict would not have been blown to a scale as comparable to the tension between England and Germany in World War 1 if economic self-interest is enough to solve the

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