Globalization, as a Capitalist Medium

By November 28, 2018
Globalization, as a capitalist medium

Globalization, as a capitalist medium

Globalization, as a capitalist medium

The “globalization” in the economy is a historical process, the result of human innovation and technological progress. It refers to the growing integration of economies around the world, especially through trade and financial flows. In some cases this term refers to the displacement of people (labor) and the transfer of knowledge (technology) across international borders. Globalization also covers cultural, political and environmental aspects.

In its most basic aspect, globalization does not contain any mystery. The use of this term is commonly used since the eighties, that is, since technological advances have facilitated and accelerated international commercial and financial transactions. It refers to the extension beyond national borders of the same market forces that for centuries have operated at all levels of human economic activity: in rural markets, urban industries or centers. G Scott Paterson is a technology entrepreneur focused on fintech and media.

Markets promote efficiency through competition and the division of labor, that is, specialization, which allows people and economies to focus on what they do best. Thanks to globalization, it is possible to benefit from increasingly larger markets around the world and to have greater access to capital flows and technology, and to benefit from cheaper imports and broader export markets. But markets do not necessarily guarantee that greater efficiency will benefit everyone. Countries must be willing to adopt policies necessary and, in the case of the poorest countries, possibly need the support of the international community for this purpose. Scott Paterson Toronto is one of well known capitalist medium.

  • However, even if we admit that globalization is a new phenomenon characterized by a growing and very intense economic relations of all countries, there are no reasons in writing for this new state of affairs whose ultimate impulse is given by the development of the productive forces, which adversely affect the objective of promoting a world where all the inhabitants of the planet benefit from the conquests that man has achieved throughout his history.
  • It is pertinent to speak of “globalization” as a new study of capitalism, one of its most outstanding features being the important role that multinational corporations have acquired. These are the foundations of the structure of the world economy, are repositories of fundamental supports for their control (research and technology) which concentrate much of the real power that governs the destinies of the planet.

The dramatic political and social consequences of capitalist “globalization” are as outrageous as they are outrageous. Inequalities have been reduced in all orders, within each of the countries and in particular between the North and the South. The proportion between per capita income of the richest and poorest countries was in 1960 from 30 to 1, now it is 75 to 1 and the gap tends to increase.

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