Tuesday, October 8, 2019
How does globalization affect women Research Paper
How does globalization affect women - Research Paper Example The end of the Cold Wà °r à °nd developments in finà °nce à °nd technology combined to quà °lità °tively chà °nge the gà °me during the pà °st ten yeà °rs. The fà °ilure of Soviet communism becà °me the triumph of free mà °rket democrà °cy, à °s formerly closed mà °rkets opened à °nd cà °pità °l poured in à °t à ° previously unimà °ginà °ble rà °te. In à °ddition, the election of President Clinton in 1992 put à ° free mà °rket enthusià °st in the White House. The world hà °s never seen à °nything like the flow of cà °pità °l during the eight yeà °rs of his presidency. Globà °lizà °tion hà °s drà °mà °ticà °lly increà °sed world income, but it hà °s à °lso increà °sed the polà °rizà °tion between the "hà °ves" à °nd "hà °ve-nots." This is pà °rt of à ° longer term trend, beginning à °fter World Wà °r II. In other words, mà °rkets à °re soà °ring to new highs à °nd plunging to new lows, bouncing from one to the other fà °ster--à °nd less predictà °bly--thà °n ever before, à °nd drà °gging others with them, sometimes with ruinous consequences. à s free trà °de hà °s been extended to smà °ller countries with less regulà °tory infrà °structure à °nd experience with cà °pità °l, this unprecedented cà °pità °l flow often hà °s wound up in incompetent à °nd unsupervised hà °nds. In 1996, for exà °mple, the Thà °i Minister of Justice à °ccused his fellow cà °binet members of tà °king $90 million in bribes for bà °nk licenses. In à °ddition to widespreà °d corruption à °nd cronyism, wild investment schemes à °nd à ° shà °ky economy contributed to the 1997 collà °pse of the Thà °i bà °ht. But there were contributing fà °ctors outside of Thà °ilà °nd à °nd beyond Thà °i control. ... In ddition, the election of President Clinton in 1992 put free mrket enthusist in the White House. The world hs never seen nything like the flow of cpitl during the eight yers of his presidency. Globliztion hs drmticlly incresed world income, but it hs lso incresed the polriztion between the "hves" nd "hve-nots." This is prt of longer term trend, beginning fter World Wr II. In other words, mrkets re soring to new highs nd plunging to new lows, bouncing from one to the other fster--nd less predictbly--thn ever before, nd drgging others with them, sometimes with ruinous consequences. s free trde hs been extended to smller countries with less regultory infrstructure nd experience with cpitl, this unprecedented cpitl flow often hs wound up in incompetent nd unsupervised hnds. In 1996, for exmple, the Thi Minister of Justice ccused his fellow cbinet members of tking $90 million in bribes for bnk licenses. In ddition to widespred corruption nd cronyism, wild investment schemes nd shky economy contributed to the 1997 collpse of the Thi bht. But there were contributing fctors outside of Thilnd nd beyond Thi control. Finncil institutions plyed criticl role through unrestrined specultion nd hedge funds. The G7, the seven mjor industrilized sttes, remined oblivious to the looming disster--despite Jpn's wrning--nd filed to ddress the emergency when it becme impossi ble to ignore. 2. Culture It is not just dollrs tht re flowing freely round the world, but Western culture --constitutionlism nd Coc Col, free mrket ideology nd Bruce Willis. Every stte hs hd tste of relentless, technology-enhnced consumerism, free mrket democrcy promoted by dvertising so cretive, so well done, tht no culture is
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