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Examine future of globalization and how it will affect our world

Write a paper that critically examines the future of globalization how you think it will ultimately affect our world economically, environmentally, politically, culturally, legally and ethically.

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Globalization and Its Impact

The latter part of the nineteenth century to the earliest years of the twentieth century were characterized by an exponential growth in global trade and capital mobility (Managerial Law, 2003, p. 5) with the technological development in transportation and communication. With this increase in international trade, a new type business entity emerged and it is the multinational entity or MNE. An MNE, according to the United Nations, is an "[enterprise] which own or control production or service facilities outside the country in which [it is] based" (Managerial Law, 2003, p. 5).

In the early days of globalization, the debate was on whether capitalism is the engine of globalization. Whether it is or not impacts how globalization will pan out in the near future and how it will affect our world economically, environmentally, politically, culturally, legally and ethically. Capitalism according to an anonymous contributor to the magazine, Managerial Law (2003), is the structure of production where all economic activities are executed towards the accumulation of surplus and the utilization of resources towards this goal.

According to Yeung (2002), "[the] political, economic, and social processes through which geographic scales are produced and made "switchable," not globalization per se, directly shape how these empirical outcomes may be explained" (p. 290). The researcher thus claims that the impact of globalization in a specific area does actually have political, economic, environmental, cultural, legal and ethical significance, but rather that political, economical and social forces within that area assign these values to globalization. In other words, globalization is just like a tool, the use of which - for the better or worse - would depend on the hands wielding the tool.

Nevertheless, this is a debate entirely different from the topic of this paper. As a matter of fact, whether globalization is to be credited solely for the political, economic, environmental, cultural, legal and ethical changes in a given community which has embraced this concept are an ongoing and still a raging debate. The debates, or controversies if you wish, surround globalization stems from the fact that it is a concept elusive to define. As Vidas Kumar (2003) said, the term globalization makes it "both a popular idea and a concept lacking in specificity" (p. 80) (the emphasis is the researcher's own). The focus of this research paper, on the other hand, how globalization will affect our future, specifically our world politically, ...

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The solution examines future of globalization and how it will affect our world.

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