Global East - Twin Globalization essays

Global East - Twin Globalization essays Globalization is used in any and every context. It is used in international discourses both official and non-official, and in the context of the interdependency of economies and nations. The word globalization has evolved over time, but it has assumed more prominence since the end of the cold war and rapid liberation of emerging economies. Since the whole process is about development and transformation the process of globalization has become the necessary consequence of the economic development and cultural development, which is the pursuit of most modern market economies leading to interconnectedness of most economies and nations. However even with all the research, case studies, and discussions about globalization, it still remains an elusive concept without real-life examples capable of breathing shape, color, and sound into a vague term that continues to dominate the twenty- first century media landscape(Steger 2). One can claim that the engine that drives forces of globalizatio n is primarily a combination of economic and cultural ones. But in order to understand what drives the forces, first an analysis of the concept of globalization is relevant. Economical and cultural forces continue to drive the engine of globalization, resulting in a balancing act of positives and negatives while determining the ever-changing worth of nations. To understand why globalization continues to exist, one has to analyze the two forces that continue to instill life into it, the economic and cultural forces. One of the forces is economic globalization and is positively characterized by the intensification and stretching of economic interrelations across the globe (Steger 38). With the liberalization of the free market, tremendous flows of capital have stimulated trade in goods and services. Markets have extended their reach around the world, creating linkages, with other nations, transnational corporations, an...