The extension of globalization since 1980 Essay

The extension of globalisation since 1980 - Essay ExampleThe current location attracts the tourists to take sea voyage and so the industry exploits the interests of the consumers as well as targets a great consumer base (United States Environment Protection Agency, 2008). Key Processes of Globalization The soures of globalization initiated with the evolution of capitalism in the 15th century. Consequently, it speeded to different parts of the globe. The processes of globalization were initiated in Latin America, North America and Asia (Santos, 2002, p. 67-68). After the emergence the processes of globalization were rooted with imperialism. During this period the nature of globalization depended much on the thoughts of the leaders of imperialism. They created distinctions among the people in equipment casualty of social strata and took on the policy to exploit the relatively less developed countries. The interimperial commercial activities constituted the secondly step. The eme rgence of trading possibilities among the European countries gave birth to competition for capturing the market. Globalization can be viewed to be cyclical in nature as it changes in different phases of economic development. Definitions and Measures of Inequality The widening gap among the affluent and the poor is used to define inequality. By the concept of economic inequality, the disparities in the distribution of assets among the chemical group of individuals are meant (World Bank, 2005, p. 27-28). Among the many other causes of inequality, the foremost is the difference between the wages and the salaries of the employed persons. Inequality emerges in many markets but inequality in the labor market leads to concentration of power under a few hands. Some other types of inequality complicate... From the initiation of the process of globalization, the leaders of imperialism had the central part to play. Although parcel out played an important part in the process of globalizati on, the gains from trade have not been too no-hit for the less developed countries. Therefore, the benefits from globalization have been centered on the developed nations. The researchers conducted based on globalization and inequality showed the same story. The researchers opined that globalization has contributed to widening the income gap between the rich and the poor as the rich have the capability to reap the benefits and exploit the poor. Only the study by Atkinson on Denmark showed no single-valued function of globalization in income distribution. But globalization is not the only factor for such an outcome. The other factors include political and social factors with the choices made by the nations. Trade also acts as the catalyst to boost the process of globalization. As more countries are opening up the trade barriers, the choices of consumers are increasing. In this way the gate is opening up for technology transfer, but the benefits are getting accrued mostly to the mo re herculean ones.