Legacies Of Historical Globalization Essay

I'm not sure what you mean by "historical globalization," do you mean the process underway since ancient times and increased by the Age of Exploration?  Or are you concentrating on the modern Thatcher-Reagan model?  There have been many problems involving both, but the process throughout history has been overall pretty positive until the modern version.  The modern International Monetary Fund-World Bank and international corporation/bank driven version has been disastrous.

The slave trade has been with us since the earliest civilizations, and doesn't seem to be going away.  People like to blame Europeans, but it was the Arabic countries and India which mostly ran the trade and absorbed nearly all of the slaves throughout early modern times, right up to today.  Abolition began with the Methodists in Britain and gained strength throughout the 19th century, culminating in the theoretical ending of the African trade by the turn of the 20th century.  Unfortunately, there are probably more slaves living in the world today than in all of history combined.  In this area, we have moved steadily backwards since the 1970s.  I'm not sure what a tribal war in Rwanda had to do with globalization, unless we consider the fact that both tribes were in one country because of Europeans drawing arbitrary boundaries for African countries with no regard to who actually lived there.  I suppose we could consider the Berlin Conference as a 19th century globalization measure, but I'm not sure a border between those two tribes would have prevented the genocide.

Economically, the IMF/World Bank domination of countries by credit (the Thatcher-Reagan model) has been terrible in its effects on the economies of the world.  The massive interest payments are difficult for most countries, and the conditions of the loans (deregulation of industries, forced sale of national gas, electric and water utilities and natural resources) actually make it more difficult for the countries to make the payments.  The sale of utilities to consortiums of Euro-American corporations destabilizes the national economies, causing rising prices for power, water, and commodities, but not increasing wages.

In addition, modern globalization has wrecked the economies of developed countries by moving jobs to the Third World, while those jobs are not replaced by newer industries, due largely to the hold on the political and economic life of developed countries by the same corporations that move the jobs out.  These increased jobs in the Third World have not raised wages in those countries as much as prices have increased, and while credit went wild in developed countries wages became moribund, complicating the loss of jobs.

Historically, the negative effects have been Europeans carving up the world for their own benefit, and they are today paying the price for this as much as anyone else.  America added to the problem in the 20th century, thinking we were helping the world while only being manipulated by our largest industries and banks.

...In contemporarysociety, with the development of science and technology and the improvement of mining technology, mineral exploitation has become one of the many counties and companies to make profits. Thus, the KM, which is a limited Australian company want to seek benefits on the rich mineral resources in Africa. I, as the business analyst of this Australian investment bank will advise the KM gold mining in Tanzania of Africa. I consider many factors,such as Tanzania is near the coastline which will convenient transportation and gold in there is very famous and so on. Then, I will illustrate the details about why I choose the Tanzania and the risk of it. To begin with the situation of Tanzania, which is a country in East Africa. The economic in Tanzania mostly based on agriculture, which is occupied more than a half of GDP, provides 85% of exports. And Tanzania is the poorest economics of per capita income, but the GDP of it has 7% growth each year from 2000 to 2008 based on the gold production and tourism. However, it still accepted the fund of World Bank. The data given by CIA the world is the purchasing power parity is 64.71 billion in 2011, which is compared to the world, is 85th and the per capital about GDP is $1500 in 2011 that is 201th in the world. So, to build the gold mine company in Tanzania will give them more workplace and drive the economics growth of Tanzania, which help to appease the local people and government to...

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