Globalization and its Effects Essay

Research revelations in (Lardy, 2002, pp. 87-103) take to it that those countries which embraced world(prenominal)ization experienced an average of 5% growth, while those that shunned the concept experienced varied degrees of decline. Regardless of its positive impacts, Globalization if mishandled in one dash or a nonher displace spell doom to a commonwealth this is due to the powerful stintingal vulnerable position that it go downs a state on. As the economy grows, and planetaryist boarders linked, so does the non-traditional threats of terrorism, heightened rate of the spread of infectious diseases (SARS and HIV/AIDS) and different cross-boarder security issues.Globalization is an irreversible egg on and any kingdom has just to content with its personal effects, there is no short k this instant stunned of it the best way to approach it therefore is to relaxationoration its effects and map them to the advantage of a national economy. Upon realizing this fact, th e Chinese government went depressed into reconfiguring their economy to counter any veto come forthcome of globalization, for eccentric, it has affected reforms in the domestic banking and created diplomacy in defining international trade to at least protect Chinese interests (Susumu, 1999, p. ). Since globalization rolls the whole world into a single tiny village, the Chinese political big wigs soak up seen it required to consider the diverse effects that have in the past been not prioritized at moreover like unregulated capital flows, cybercrime, epidemics, weapon proliferation and international terrorism. Top seed Chinese thinkers even believe that by means of the international institutions, globalization can be used to democratize the United States and condense their unilateralist political power.And if this concept is exploited well, China will grow into a rich and powerful nation, stable enough to shape the New existence Order (Susumu, 1999, pp. 5-11). The Chinese e conomy stands to sop up a haul in the current global direction that the nation is set on. With the current fiscal crisis, it does c whole for active international coordination to stop consonant afloat and reduce incidences of prole lay offs. It will have mutual benefits for those who d ar to fully enroll in its drive.By getting to know the measures that other countries have put in place to counter biting effects, China has found a compromise point and forge a way forward through the current economic hard times. If the nation fine tunes its capital food market place and effects banking reforms, then it will friend the world emerge out of the current economic crisis and even those of the in store(predicate) (http//www. unu. edu/unupress/unupbooks/uu11ee/uu11ee0p. htm). Globalization has tendinged China to gain a significant economic growth through breaking cultural bondage and applying policies that lead to liberalization in this modern world.With the positivity that the n ation has had on globalization, their current economic ranking rose to 7th from thirty-second in the world, thanks to the integration with the world economy. The growth is attributed to increased incorporated governance and human resource optimization. The positive effects of globalization as given in (Lardy, 2002, pp. 160-219) to the Chinese economy therefore include strengthen interdependence in all nations, opening opportunities to bring into maximum use foreign capital and technology, promoting free trade that increase export trade.Lardy excessively gives highlights of the negative impacts presented by globalization, which he says are the following, but not expressage to difficulties in maintaining economic sovereignty especially for the developing nations and widening the rifts betwixt the well industrialized economies and the marginalized ones. Globalization brings into play varied practices hence leading(p) to cultural mix up this is worse in a community which values ori ginality like the Chinese. Besides these, it also results to an intensified competition for restrict resources and higher scale of interdependence.To this effect, each and every person must pay back a way of coping up with the new development and conform the new practices in the competitive environment. Traditional practices are most apparent to be dropped in favor of new rules as individuals cooperate and ordinate with one another. To the Chinese government, they are currently down on what can be referred to as system maintenance. The nation has sought to have a stable relationship with its allies and foes a like as it feels that is the only way to rise above all the odds in the international system.To this effect, it has improved the level of democracy, which has in turn boosted its relationship with antecedent foes like Ger umteen, Russia, E. U and France (Susumu, 1999, pp. 11-15). Such a move will help China to actively participate in multinational institutions and transna tional economic structures which will put it in a good position to counter future financial challenges with ease. For whichever government in place, it must strive to establish significant policies that can speed up development in all sectors of the economy.Even though globalization can cause a lot of hardships to the poor, it also opens opportunities to this group of individuals who dare to take advantage and turn the ills to their benefit. inadequate people in this context refer to the recipients of public services, simple workers and those who such(prenominal) use common property resources to survive. With increased competition, the poor may recuperate it hard to match high quality market standards hence dropping out f business as output cost shoots or as the market price fluctuates.Social protection is therefore mandatary to be effected by every state that intends to go the global way, and China is not left out (Bardhan, 2004, pp. 271-278). Globalization affects poverty ri ght off and indirectly, the government in place should get down on programs for instance investing on public facilities like health, education, training and other economic and social infrastructure that will cushion the public from the negative effects of globalization.These steps will go along way in diminution discrimination and market fragmentation in the society. Whilst the quality of life of many people will change for the better, some individuals will definitely drop off it out. Globalization will present opportunities for everyone to grab and those who sleep on the judgement and strive to maintain the status quo will be on the losing end. Resources emaciated from every corner of the world will be made usable the very(prenominal) applies to technological advancement which makes things to be done much quicker and easier. merely one negative outcome of this is that the introduction of too much mechanization from the outside world will drive people out of employment as comp anies strive to achieve efficiency and reduce the production cost. But despite the negative effects, if properly affected, globalization stands a run across in ensuring that the nationals have a quality life worth invigoration (Bardhan, 2004, p. 284). The advent of globalization presented so much challenge to the CCP (China Communist Party). pack were getting more and more enlightened, especially with issues concerning their civil rights.Revolutions and a fine bit isolated cases of political disability were therefore unavoidable and characterized the period. parturiency standards became a thorny issue, as workers pushed to have their conditions be the same as those in the U. S. when labor barriers were eliminated production operations shifted directions to the U. S. The strain was not only felt in the labor market, the same was witnessed in the education, political, social and skipper sectors which responded to accommodate the changes.All these under the CCP had to be addresse d as they highly-developed a wring which needed political direction (Ding Lu, 2003, pp. 23-37). But all these moves were out of a good cause as it has helped the country to stay afloat above surging challenges. The future of the move seems to be no different as the party will have to employ the same tactics of changing with the changes. And more complex will be the future non traditional issues on security like having to deal with separatists, drug traffickers, smugglers, cross-boarder culpable acts, ecological and environmental issues.Conclusion Globalization has been reported to be the force behind the robust economic growth in China as industrialization also took a centre stage in the country. But it is the imbalance in the international systems and national economies that are causing negative effects of the force. The financial crisis is not attributed to globalization and neither will it be the last straw to hit globalization, the government of China and all other world leade rs should come up with mechanisms to coordinate the world market to strengthen their resistance to crises.Globalization tries to act like blanket of neutrality over the international capital flow and power relations. The successes that the nation is enjoying now area as a result of ancient liberalization and the move should never be dropped, for it is the only way to keep China and the rest of the world abreast as they ward off economic pitfalls. The programs which are meant to reduce the pathetic situation of the disadvantaged in the society should not only be meant to accelerate economic growth, but also help these individuals.