How Globalization Regimes Work Essay Example | Topics and Well Written Essays - 1500 words

How Globalization Regimes Work - Essay Example This research will begin with the statement that globalization as a phenomenon has received much attention for all the right reasons; reasons which have spoken a great deal on how economies have become bigger than nation-states in essence. This brings to light the notion of comprehending how globalization as a phenomenon has been instrumental in changing perceptions and beliefs, as it has highlighted the due role of economic strengths and the opportunities that have come up with the passage of time. Globalization has made the economists understand that they if they play their cards well; there is no one who can stop them from entering new market territories and zones on a global basis. What is required however is tact and a sense of planning on the part of the people who believe staunchly within the globalization regimes since they are the ones who bring value for the sake of the business enterprises, spread far and wide? When one studies the dictum of globalization in its truest sen se, there is comprehension in the knowledge that geographical distances do not matter as such. Since the entire phenomenon is built on the premise of bridging distances in more ways than one, the element of the qualitative and quantitative characteristics coming to the fore is a special one. This is so said because globalization has the potential within it to bring people from different walks of life together and thus involve and engage them in an ideology, a business route or a pattern for that matter. ...consumers, the better it is for them to bring about a collective good, which is for the well-being of the society in the long term scheme of things (Amoore 2002). Delving deep into what globalization essentially is, one needs to find out how the term was actually brought into action. This suggests how the world was termed as a global village, and how it has represented the 7 billion or so people on the face of this earth as one connected community. Globalization has made all of them come on a single platform, where business and trade linkages help each other connect so that there is collective good, which shall foster creativity and culminate in success for one and all (Sachs 2000). They feel wired and hence this linkage has helped their business realms to develop with the passage of time. What is even more interesting is the fact that globalization has dispelled the perils which used to exist in the yesteryears. It has made people realize how colonialism is not an acceptable phen omenon anywhere and not the talk centers on the premise of globalization, which is here for their own good. There are some critics who believe globalization is not an interesting phenomenon as it brings problems for the natives of a country and makes others feel that they are more powerful than the former. This is not entirely a correct disposition as it flawed in its entirety (Herod 1998). The role of globalization within governance is pertinent because if governmental authorities are not playing their roles well, then this would mean a lot of problems for the companies and business corporations which are trying to expand in different directions, around the world.