After the post-Cold war comes the era of Globalization.
Globalization refers to the process by which national economies, politics, cultures and societies are integrated with those of other nations around the world. In return nations have become dependent to other nations. This is the primary effect of Globalization. Nations around the world are now interdependence- dependence on goods, resources, and knowledge.
Our clothing preferences changed and still changing. Fashion trend is changing at a minimum of time. The mixed design made of the different culture from various countries and the homogenization of clothing is not dubious on our era. Moreover our dependent to other countries for their clothes is evident. The cotton from United States is being processed in developing countries after that it goes back to America for finishing and printing of the design clothes. More than that the produced clothes are now being exported around the globe. The bad side of this kind of process is the domestic products are dying because most of the imported products are cheap compared to domestic products.
Another aspects of interdependence is the resources. Resources are the materials that are needed to produced a product and services including human resources. Workers from developing countries are needed from the manufacturing and servicing companies from developed countries. Labors from developing countries such Philippines are needed in developed countries such as in the middle east countries because labors from developing countries are tagged as cheap labor. Low cost human capital would also mean high profit for the large companies. It’s not a win-win situation. Multinational companies gain high profit while the labors from developing countries pays the consequences . They are prone to exploitation and oppression.
As they say it, we are the era of information because of what technology offers now. Many theories have stated that the development of one country depend on the information. Information is knowledge if we absorb it. The knowledge that we have gained is one of the aspects of interdependence caused by Globalization. For instance the United Nations definitions of terrorism and poverty is what we consider the standard definition of such terms and our reference in research in definition of terms. This only shows that even in knowledge the nations around the world are interdependence.
Now if we are dependent on the basic tools to survive as a different nation such as goods, resources and knowledge this also mean we are financially interdependence. Nations around the globe are financially interdependence. This financial interdependence in the world’s market means economic crisis in a country can have global impact.
As the Globalization rises, multinational corporation grows. Because of the free trade offers by the Globalization, multinational corporation rises. These corporations have branches and assets in many countries and sell their goods and services throughout the world. But these multinational cooperation have too large influence to narrow the free competition as the capitalism offers. Thus taking control of goods’ prices, taking large profit out of developing countries and pay workers low wages; thus lowering their standard of living.
It maybe true that Globalization may tend to homogenize the nations around the globe. Homogenization for some is dangerous but for others it is essential for unity and development. We can not stop the Globalization because of its benefits. We enjoy variation and many choices from food down to clothing because of Globalization. Its disadvantages exist, but in the end what thing on the world don’t have disadvantage?