The Impact of Globalization on the Global Economy and Global Business Assignment

The Impact of Globalization on the Global Economy and Global Business - Assignment Example From this paper it is clear that the Westphalian model of nationhood allowed different groups to form nations and maintain some degree of autonomy. The autonomy led to the creation of sovereign governments that were recognized locally in the nation and also internationally under the Westphalian treaty. Under this model, people and businesses had to be done within the confines of a given nation or state. In order to do any business elsewhere, the business needed to take up a charter or a kind of permit in the foreign jurisdiction. This provided serious restrictions for doing business borders. The Age of Exploration was pioneered by European sailors mainly from the Iberian nations of Spain and Portugal who found ways of reaching other nations by sea. This led to colonization and several international grasp of lands in foreign territories. In this era, businesses were organized strictly according to national lines and it was only the governments of the respective European nations who co ntrolled affairs in the overseas territories they had acquired. This led to serious tensions that led to several wars in the past three hundred years. The largest and most destructive of these wars fought over the control of national interests was the Second World War which was fought on the basis of trade restrictions and control of foreign territories. After the Second World War, the United Nations was formed to seek peaceful means of resolving issues and the promotion of human rights and the improvement of lives for people in societies around the world. Towards Modern Globalization The United Nations and other related entities like the IMF and World Bank set the foundation for the integration of nations and the unification of purpose of different businesses from different parts of the world. This marked the move towards the globalization that we have today. Globalization for the most part refers to the worldwide exchange of resources between nations and communities without restri ctions. As the study outlines globalization best refers to the elimination of borders and the disappearance of national restrictions on trade and other economic activities. Globalization has encouraged the harmonization of standards across borders and this has led to the maintenance of common systems and structures that aim at providing the best results for nations and peoples in different parts of the world. Globalization has affected global business and global economy in several ways. In other words, globalization has changed the world from the previous Westphalian model where citizens and businesses from nations could not operate in other nations without strict restrictions and limitations. There have been several changes that globalization has created in the general sense as well as the macroeconomic and microeconomic levels. General Trends of Globalization that Affects Businesses The fact that globalization, powered by the United Nations was inspired by the need to protect human rights and the dignity of people has led to a high degree of social consciousness.

Review essay on Henry Jenkins concepts Example | Topics and Well Written Essays - 2000 words

Review on Henry Jenkins concepts - Essay Example In the contemporary world, every aspect of human life is influenced by the rapid changes in communications, storytelling and information technologies which affect the ways in which people interact with each other. As Jenkins maintains, media convergence cannot be comprehended as mere technological shift, because it alters the relationship between existing technologies, industries, markets, genres and audiences. Jenkins makes a significant contribution to the understanding of the contradictory nature of media change through the theory of media convergence which indicates sites of tension and transition in the media environment. â€Å"The American media environment is now being shaped by two seemingly contradictory trends: on the one hand, new media technologies have lowered production and distribution costs, expanded the range of available delivery channels and enabled consumers to archive, annotate, appropriate and re-circulate media content in powerful new ways; on the other hand, there has been an alarming concentration of the ownership of mainstream commercial media, with a small handful of multinational media conglomerates dominating all sectors of the entertainment industry.† (Jenkins 2004, P 33). Therefore, it is essential to comprehend that Henry Jenkins has made incredible contribution to the understanding of new media and this paper makes a reflective exploration of Jenkins as a key theorist of new media and media convergence from the perspective of its users and participatory culture. Henry Jenkins has been recognized as one of America’s most respected media analysts and he has made essential contribution to the understanding of new media and media convergence. Significantly, Jenkins makes an important attempt to expose the various cultural transformations taking place as media converge in his work Convergence