Contents

• Introduction 2
• Dimensions, Controversies and Definitions (Beck, 2000) 2
• Consequences of Trade for Labor Markets and the Employment Relationship (Rodrik, 1997) 3
• The Globalizing Economy (Waters, 2001) 4
• Globalization, Cultural Studies and Translational Studies (Robertson et al, 2003) 5
• Globalisation and Values (Whalley, 2008) 6
• The Globalisation Timeline (Rennen, 2003) 7
• Globalization: The Last Sky (Dibaja, 1997) 7
• Globalization and its Discontents (Allen, 2002) 8
• The Impact of Globalization on the Workplace 9
• Conclusion 10
• References 14

Description

Globalization is a term and phenomenon that has been widely misused and misunderstood. In fact, it is not very clear when exactly the phenomenon began, however the factors giving rise to it have been traced to 16th century colonialism. The recent trend towards globalization has changed from a blame game between countries to gradually making globalization work (Stiglitz, 2006). This trend has been slow to take shape. With the major players of globalization in the late half of the 20th century, when globalization took off, being the trans-national companies of Europe, America and Japan introducing factors such as work outsourcing, etc, such measure have come back to them in double measure as a result of the growth of such MNCs in the Asian countries. The labor market began to suffer in the developed countries, initially the low skilled market eventually sparing no one. To counter this effect the leading economies began to follow protectionist policies, however this failed to have long term consequences for the better in these countries and hence the trend to make globalization work. Therefore economies of the world, no matter developing or developed have a greater say in the attempt to control the phenomenon or at least turn it in their favor and restrict the ill effects.