Wednesday, May 6, 2020

Globalization Is An Idea Than The Truth - 1887 Words

Pankaj Ghemawat believes we do not live in a globally flat world. In his work Why the World isn’t Flat he speaks of how this greatly wide spread globalization is more of an idea than the truth. Ghemawat claims that while globalization is a hot topic, it is talked about in more ways than it is actually used. According to the US library of Congress’s catalog, the rate of increase in the writings of globalization have been doubling about every 18 months since the 1990’s. While many more people are expressing their ideas of globalization we are not partaking in the actual actions of globalization nearly as much as these writings make it seem. Of course most of the ways we interact, as the writings suggest, are being done â€Å"we only interact in a way that is a fraction of what we could do†. A whooping 90 percent of all phone calls, web traffic, and investments are still only local interactions and plenty of the over seas transactions are still done with dome stic companies that simply have operations in foreign nations. Since they are domestic all benefits from that operation will eventually, if not instantly, return home. It is said that â€Å"investment knows no boundaries† but if these investments are done with locally based companies located in an international location the geographical ground will not reek the benefits. While technological advances have made global interaction come with ease, it is a huge step to believe increased communication will take away the effects thatShow MoreRelated A Critique of the Juliette Beck Speech Essay967 Words   |  4 PagesCommunities in the Age of Corporate Globalization neither adequately described the problems of globalization as it is currently structured, nor did it provide any answers to the problems with it, either the real problems that actually exist (labor and environmental exploitation) or the problems that Beck purported (large corporations). Primarily, Becks speech was flawe d in that it was incoherent and empirical incorrect. 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