Sunday, May 17, 2020

Essay on Globalization and Localization in International...

In the United States today it is very easy to see the influence of international companies and customs within everyday life. From cars to food, trade and investment from other countries is very important to the American economy. Likewise, American influences are important internationally as well. This aspect of the international economy is commonly called globalization. Globalization, as defined by James N. Rosenau in his article The Complexities and Contradictions of Globalization, simply describes the process under which norms, businesses, ideas, products, and other aspects particular to a certain country that are integrated into the everyday life of other countries around the world (Rosenau, World Politics 98/99, pp. 2). For example,†¦show more content†¦According to a recent article in the Washington Post, the world has fallen under what is being called a global economic crisis. It started with the Asian Economic crisis, then spread to Japan and Russia. Now the United St ates and Europe are trying to prevent economic slowdown from spreading to their countries (Mufson, Economic Crisis Adds New Fears, Washington Post Online 5 Oct). As a result of lowering boundaries to allow international trade and monetary flow many nations, such as Japan and Russia, also open themselves up to economic disaster. If one country falls to economic crisis, it could cause a domino effect on every one else. This is where the idea of Localization comes into play. Unlike Globalization, Localization is a process that prevents the norms, businesses, ideas, products, and other aspects particular to a nation from filtrating into other nations. A nation practicing Localization also closes itself out from influences from other nations. One positive advantage to Localization is that it creates nationalism. In other words, it creates policies and practices that reflect that nation distinctively. Creating a strong sense of nationalism among peoples can also increase productivity and cash flow within that particular country. According to an October 2, 1998 article in the Washington Post, Russia is dealing with the decision of whether or not to turn to Localization. Until the rubleShow MoreRelatedEssay Nations Should Promote Globalization, Not Localization1078 Words   |  5 PagesGlobalization and localization are two conflicting trends in international politics today. Globalization is the spread of peoples, activities, norms, ideas, goods, services, a nd currencies from one area of the world to another. (Rosenau 15) Localization is the narrowing of horizons and the confinement of peoples, activities, norms, ideas, goods, services, and currencies to a particular geographic area. 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A large number of people believe that globalization is just another common word used to refer to changes and differences that cannot be explained or accounted for. Therefore, many different activities or changes

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