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How Does Globalization Affect Economic Growth?

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It allows businesses in less industrialized countries to become part of international production net-works and supply chains that are the main conduits of trade.For example, the experience of the East Asian economics demonstrates the positive effect of globalization on economic growth and shows that at least under some circumstances globalization decreases poverty. The spectacular growth in East Asia, which increased GDP per capita by eightfold and raised millions of people out of pov-erty, was based largely on globalization—export-led growth and closing the technology gap with industrialized countries.Generally, economies that globalize have higher growth rates than non-globalizers.
Globalization and education then come to affect one another through mutual goals of preparing young people for successful futures during which their nations will grow increasingly connected . here are some examples . we can see how harmful to be feudal . and the reason that caused they were feudal is because the Qing dynasty refused to join in globalization . the number of the dead in the first world war 16 million on July 28 , 1914- November 11 , 1918 the number of the dead in the world war two : 50 million September 1 , 1939 to September 2 , 1945 us military deaths in Vietnam more than 56000 people ( November 1 …show more content…

There are some people that do calculations, if Japan have not brought this technology, just developed by their own, it will take 3 times the investment and 10 times the amount of time. The high speed and mass flow of infor-mation in the world is almost geographically limited and the world is indeed a global village. In-formation in the economic, technological and social development is more important than any other time, information networks and information technology develops faster than any of today 's

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Feudalism was a key component of life for those in both Western Europe and Japan. The two systems developed independently from each other yet still held a multitude of similarities. However, their many differences out shadow the unique parallels they shared. The major discrepancies between the two are found in each’s code, structure and regulations. Documents nine and ten, break down the feudal structures of Western Europe and Japan.

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The societies of Tokugawa Japan (c.1603-1867C.E.) and medieval Europe (c.1000-1500C.E.) had two things in common; a feudal system. A feudal system is something that features hierarchies or social structures. The feudal system normally starts with a religion, which is at the very top of the social pyramid, then it’s the King or monarch for Europe and the shogun for Japan, then there are the nobles for Europe and the daimyos for Japan. As we go down the pyramid there are the warriors, like the knight in Europe and the samurai in Japan, then there are the peasants. The peasants were included in both eras and are at the lowest part of the pyramid.

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In the 1500s and the 1600s the feudal system was beginning to fall. Different countries were trying new different types of governments instead of the dysfunctional feudal system. The feudal system consisted of many different nobles ruling over their own land. It was not a uniform system of ruling over the country. There were small city-states run by a singular ruler.

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However, this could be better seen in their form of government. Feudalism was a system that had land owners at the top (Kings and lords) and those who worked the land and keep the community safe at the bottom. It was basically impossible to move between social classes, and a desire to keep the rich with the rich meant that one couldn’t marry into money It was a social, economic, political, and legal system that stood in place for hundreds of years. The system, however meant that the government was weak, and it rarely stretched far; the larger the kingdom, the harder it was to keep it working. It also meant there were a lot of poor people living in the fifteen hundreds.

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To what extent does globalization contribute to sustainable prosperity for all people? Globalization contributes largely to sustainable prosperity for all people. Sustainable prosperity is when people of any ethnicity,religion or gender have all their needs met, all have an equal opportunity to create wealth and all to have the chance to pursue happiness. There are many groups that try to make sure everyone has sustainable prosperity. Based on the perspective demonstrated the source should be embraced to a certain extent.

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For example, on of the effects is the environmental damage caused by American industrialization because there were no regulations on what businesses could and could not do to the surrounding environment. As a result, businesses poured smoke from their factories the atmosphere and dumped their garbage and ash into the surrounding areas and rivers Also the exploration of workers, or when workers are treated unfairly. For example, some explorations of workers are when companies didn't pay fairly, had kids, work, and had very dangerous jobs for employees to do. This was caused because there were no regulations due to the lack of labor laws. Finally, overpopulation in urban cities is a negative effect of industrialization because the overpopulation caused unsanitary living conditions, causing diseases to spread quickly.

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Technology Convergence The term “Technology Convergence” refers to the evolution of technology. It is the transition where new and old media collide. It is a process where technological devices share or borrows features of other products to acquire multi functionality. Past technologies were only designed to handle minority tasks.

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GLOBALIZATION, TECHNOLOGY AND LAW Globalization and Technology Globalization has completely transformed the way in which the world and its people interact. Earlier there were several roadblocks in the ability to communicate and interact with the people worldwide. But now, the world is becoming more and more globalized in all spheres: Business, financial, social, economical, etc. Over the years, a lot of technological advancements have come into picture including the changes in the field of Information Technology, having a significant impact on the global landscape.

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The feudal system was a medieval government system that had Lords, who owned the land, and Serfs, who worked on the land. The position of an individual was assigned by birth, and there was no movement by the individual. This idea can be seen in the quote, “the rise of the industrial capitalist appears as the fruit of a victorious struggle both against feudal power and it’s disgusting prerogatives, and against the guilds, and the fetters by which the exploitation of man by man,” (Marx 1976:875). As capitalistic is created, there are many factors that negatively contribute to society, like the surplus of workers. The major problem is that not everyone is going to work in the workforce and will beg or do other things that are not capitalistic to survive.

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I. INTRODUCTION a. BACKGROUND: Globalization is a process of interaction and integration among the people, companies, and governments of different countries, a procedure compelled by international trade and investment, and supported by information technology. Furthermore, this process has an effect on various other systems such as on the environment, culture, political systems, economic development and prosperity and lastly, on human physical well-being in societies around the world. “Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion” (York, 2016). Technology has been another primary driver of globalization,

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This paper will explore both the advantages and disadvantages that globalization has on the world. Globalization is good for economy. First, Enterprises can operate internationally, and production can be produced internationally. Similar to poor countries like Africa, although they are poor, they have a lot of cheap labor, other countries will make their goods

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Globalization has indeed impacted human rights worldwide; however as to whether the impact is negative or positive depends on which part of the world one finds him/herself. “Human Right” by definition “is the right which is believed to belong to every person”. The central idea of globalization is for businesses to develop international influence and operate on an international scale. Globalization has given people the right to information. Thanks to globalization technology has travelled all over the world to help people have easy access to information.

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Globalization is the process of transformation of the whole world into the global village, and it means that the borders of countries are open to reciprocal integration and connection. All governmental systems in both developed and developing countries were under the influence of various globalization processes. Regarding education, it is considered that developing countries felt significant impact of the globalization processes in the last 40 years. Globalization and education are considered as an intertwined set of global processes affecting education, such as worldwide discourses on human capital such as are lifelong learning, the knowledge economy and technology, English as a global language; multilateral organizations and multinational corporations. Educational discourses generally assign to human capital, lifelong learning for improving job skills, and economic development, because most governments prioritize the developing the human capital to stimulate economic progress.

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First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country. And in return, the developing countries let the developed countries’ companies do business in their countries.

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