The Global Village Essay

The World As A Global Village

The World as a Global Village The term "Global Village" refers to the widening and deepening of the
global system. The International Monetary Fund (IMF) define
globalisation as "The increasing integration of markets both for goods
and services and for capital." The world village also has a hidden
metaphor. It implies a small space in which people live, one where
they know everything about everyone and everything that happens.

It can be argued that there are a total of seven factors contributing
to the globalisation movement. The first element is the breakdown of
the post-War economic order with the oil crisis of 1973-4. This led to
the second point, the liberalisation and deregulation of the financial
institutions in the 1980s and 1990s. Thirdly, the collapse of the
Communist systems of East and Central Europe in the 1990s meant that
there could be greater integration throughout the world. As a result
of the collapse, Germany could be reunited; therefore the economic
power of the West could be integrated with the East. Furthermore the
rise of the "Tiger economies" in Asia and the Far East have made an
impact because it enabled the production of goods for the lowest
possible price. The deepening debt crisis of the Third World has
brought globalisation to the fore.

One aspect of globalisation is the technological changes and advance.
This can be summed up easily by the example of Satellite Television
that beams similar media across the world. It is only a small number
of international organisations that control the stations. So it can
therefore be argued who governs the world when such organisations and
companies have such massive influence. A second element to
globalisation is that of economic flows. This can be split into a
further four groups. First trade, second capital, third finance and
finally labour.

International trade is the buying and selling of goods across national
boundaries. International trade has three forms; Autarky, which
creates complete self-sufficiency; Protectionism, which imposes import
tax and encourages exports; Free Trade, which is free and complete
movement of trade and goods. It does not have to be a solid object; it
can be the sales of services. But it did have a mystery surrounding it
500 years ago, not many things were traded and what was traded were
expensive luxuries i.e. silk and spices. However, it has now lost that
because many things are now coming from the same places, therefore the
world trade and its economy has been drawn closer.

International trade is important because it, at first sight, appears
to be uncontrolled, having companies that are loyal to states. But
there have been attempts to order leadership and discipline, through
three NGOs, the IMF, World...

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The Global Village

The ‘global village’ is a term in current usage that is acquiring the quality of a cliche. Indeed, in many ways, national boundaries have become irrelevant. Money markets and multinational corporations, satellite television, internet and intercontinental missiles, all seem to mock at boundaries that are no longer scared. In the circumstances, people may be justified in wondering if the nation-state has outlived its utility and is in the process of disintegration; or is to evolve into something bigger and stronger with the ability to face and overcome the challenges of modern technology.

          The 180 odd nation-states that are listed with the UN (and some outside it) each has a separate territory of its own, and each has a government whose right to be its representative voice is recognized by other governments (at least most of them). No doubt, technological developments have eroded the independence , power and rigid boundaries. In the field of economics, transnational are growing easier and cheaper, and the belief in national self-sufficiency is being steadily destroyed. A false move by any major government finds repercussions on markets worldwide. The discipline of present day international financial markets induces national governments to manage their economies more efficiently.

          In the matter of defense, too, a radical change has come about. A little more than half-a-century ago, land and sea were the arena of  warfare. With the development of aircraft, a third aspect of warfare  developed. Now the rapid changes brought about by space technology and the development of missiles have created a situation by which literally the press ofa button can vanquish a country half  way across the globe.

          The information revolution is another factor that has significantly changed the world picture, piercing the protective  cloak of the most insular of nation-states. Interaction among the peoples of the world has increased by leaps and bounds, and amidst the growing knowledge about each part of the blob and its occupants , the distinctiveness of the nation-state has got blurred.

          The nation-state, however, is not quite dead; nor is it likely to die soon. It was believed soon after the end of the Cold War that with the end of Communism would come a uniform world system and peace would reign, and a global government would evolve around the UN as a pivot. All rather wishful thinking! Quarrels between countries have not ceased, neither ahs divisiveness vanished. Communism after all, is not the only factor in an ideological conflict.

          Globalization in the economic field –witness the setting up to the WTO with its global set of rules and the establishment of a free-trade system- is accepted by many a country because of the benefits that may be reaped form such a situation. However , beyond a certain limit, every country still wants to keep certain decision-making powers to itself. Even in the matter of free trade, countries would like to preserve the power to decide how much of the free-trade rules suit them in particular. No country wants to give up its political or military power.

          Ideology and culture , again, are not enough for nation-states to dissolve their identities into a large entity. Each individual government does not want to give up power to be  subsumed into a super state of global scope.

          A nation-state has outlived its attraction as yet-after all, it is not a very old political development. It still gives people a sense of shared identity-form a common language, a common religion, or some other strong binding force. And unless this binding force exists, no government can govern its people (except by brute force). In other words, government and people should have a sense of being part of the shared identify. 

June 10, 2016evirtualguru_ajaygourEnglish (Sr. Secondary), LanguagesNo CommentEnglish 10, English 12, English Essay Class 10 & 12, English Essay Graduation

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