Evaluation of the features and dynamics of economic globalization | |
| Author | Maerten, Bert |
| Call Number | AIT RSPR no. SM-01-58 |
| Subject(s) | Economic development Globalization |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-01-58 |
| Abstract | For friends and foes alike, globalization is the buzzword of the 21st century. Globalization is, of course, a real phenomenon. International trade and investment have consistently grown faster than the world economy as a whole; national economies have become more interdependent. However, both the extent of that interdependence and its impact are usually exaggerated and misunderstood. The current forms of globalization - even if they are perceived inevitable and iITeversible - do not imply that they are just processes, and therefore deserve our political and cultural approval. Because of the fundamentals and features of capitalism, trade tends to reinforce inequalities. In addition, globalization generates an inequality in bargaining power in an economy that is increasingly dominated by knowledge. It has the added defect of being conducted at the international level, where the absence of a supranational government eliminates the possibilities - which at least exists in theory at the national level - of redistributing the gains or investing them to promote development in disadvantaged regions or social groups. It is fair to claim that the principal benefits of world trade have accrued disproportionately to rich nation and, within poor nations, disproportionately to foreign residents I organizations and wealthy nationals. This should be construed as an indictment of the inherent nature of trade. It reflects the highly inegalitarian institutional, social and economic ordering of the global system, in which a few powerful nations and their multinational corporations control vast amounts of world resources. The awareness of the prosperity of the core zones and the degree of the North-South gap is far greater today. The feeling of rejection grows. As the masses of poor see their chances of escaping acute poverty diminish, they are likely to become increasingly resentful of those whose growing wealth is evident. The broader challenge for the 21st century is therefore not to take back "globalization" or scale down its main driving forces since this would only tackle and destroy the incarnation of a wider trend (esp. technological). The challenge is to engineer a new balance between the market and society |
| Year | 2001 |
| Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-01-58 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S; |
| Examination Committee(s) | Sununta Siengthai ;Quang, Truong; |
| Scholarship Donor(s) | European Commissions of the European Union (EU-PTS) ; |
| Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 2001 |