Merriam Webster Dictionary
: the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets
Political/Legal Aspects
- national and international laws and regulations
- use of the economic incentives in political negotiations
US
- Government subsidies for cotton farmers (resulting in more competitive prices on international market, bad for other countries)
- Bracero Program (legalized migration)
- Quota (regulating the incoming of foreign goods, sending a message of which country is important)
- President Bush negotiations for Pakistan after 9/11
China
- government controlled political system
- hukou system (not really globalization but affects it)
England
- historical laws against cotton (cotton only allowed for summer, not allowed for deceased, only dyed in England
Economic Aspects
Free trade - unrestricted flow of goods based on supply and demand
US
- US first in the cotton production for long time (recently second to China)
- Workforce models (slavery, sharecroppers)
- Technological innovations changing the work and business models, slowing the need for human labor.
China
- nationalization of factories
- cheap labor
- cheating on quota
Globalization
Globalization 101 website
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Social/Cultural Impacts/Outcomes
- Migration
- Exchange of ideas
- Linguistic changes
- Gender roles
- Family structures
- Individualistic values
- Western Business practices
- docile workers
- women as workforce - changing in culture and attitudes
Ecological Aspects
- Export oriented destruction
- Global warming
- Improved research/Greener technology
- specific weather conditions needed to grow cotton
- cottonseed reuse
- pesticide