Perspectives on Globalization

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A Perspective of Globalization: The Influences of a Capitalist-based Global System

The implications of globalization today are inherent. Of note is Leslie Sklair, stating that globalization is based on transnational practices (TNP)s. These, at the highest level of abstraction, are the building blocks of the system. Currently, these practices are encompassed in the global capitalist system, but do not comprehensively define globalization (Lechner 2007). Additionally, key spheres contribute to the current globalization scheme; these spheres are distinguished as economic, political and the cultural-ideology (Lechner 2007). Furthermore, Sklair’s approach differs from the weak/strong heterogeneous or homogeneous approach as outlined by Appelrouth, stating that the interactions of such are more complex than a cut and clear weak vs. strong approach. The economic sphere regards the ability of TNCs to control global capital and material resources. Economics revolves around the idea that resources are scarce, and a current pursuit of allocative efficiency creates a sound economic environment. The more resources any corporation has allows for not only an ability to create a monopoly-like scenario depriving competitors of resources, but also in establishing a larger profit margin achieved through market control. These resources are not limited to natural resources, but also of intellectual property and human resources themselves. Although allocative efficiency is not reached through monopolization, higher profit margins are, and hence the capitalist global system provides an explanation for the economic aspect of TNPs as conducted worldwide.
The evolution of capitalism through technological advancement (communication, transportation, electronics, and biotechnology) sees capitalism embrace a larger global market (Lechner 2007). Primary agents of the economic…...

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