FACULTY OF BUSINESS

AND GOVERNMENT
International
Business
Assignment
Student ID number U3063812

Student Name Chenzhi Yin

Unit name International Business G
Unit number 6241
Name of lecturer/tutor Greg Mahony

Assignment topic Research and Planning Exercise

Due date March 24, 2011

You must keep a photocopy or electronic copy of your

assignment.
Student declaration
I certify that the attached assignment is my own work. Material drawn from other sources has
been appropriately and fully acknowledged as to author/creator, source and other
bibliographic details. Such referencing may need to meet unit-specific requirements as to
format and style.

Signature of student: ___________________ Date:

A. Identify a research topic

Globalization or not?
Based on the textbook, during the past few years the globalization do change the
world rapidly and deeply. However, it has been argued for a long time. Globalization
or not is not only the issues for politicians, but also economist and Social scientist,
even for each and every person on this planet. The debate of whether the globalization is
good or bad for individual, the family, the national, and the whole world. In the views of

pessimists there is a terribly destructive trend of increased interdependence, while optimists see a

diversity and better life for all people.

To clearly understand the merits and demerits of globalization is to help the

authorities make the right decisions. To enumerate the merits of globalization is to
research the impact of globalization to the world especially on the world economy.
The demerits of globalization could be located as the jobs and income is a biggest
issue for some developed countries which suffered from financial crisis in 2007. The
influence of environment and national power should also be considered. Globalization
is making wealth gap and spreading it all around the world. The conflict of different
culture is also a considerable issue.

B. Search Library Catalogues

1. David Held & Anthony McGrew, 2007. Globalization/Anti-Globalization, 2nd

edition. Polity Press, Cambridge.

This is a Book about 'The Globalization Controversy'. It provides evidence for and
against globalization in each of the main areas in the academic and public debate. The
key areas such as the destiny of national traditional culture, the increasing global
crime, the character of world economy and the role of global governing. To
understand the issue of Globalization from two different aspects.
2. David H., 2004, a globalizing world? Culture, economics, politics, The Open

University.
The author discussed the impact of globalization. Even in the past decades the world's
economy make a remarkable progress, the politicians concern about the governance of
domestic economy. This also point out who will be winners and losers. It has argued

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that everybody are potential losers from economic globalization. The poorest
nationals might be the ones who lose most.

3. Donald M. Snow, 2010, Cases in international relations, 4th edition, Longman.

From this book there are many cases of international political economy which is
helping me to understand the contribution of globalization to the world in past
decades. It discussed the free trade of WTO, the rising power of China, the economic
globalization of India and Venezuela and the integration of European Union. It
illustrated the progress of globalization in different region and extent.

4. Raed Safadi & Ralph Lattimore, 2008, Globalization and emerging economies: Brazil, Russia,

India, Indonesia, China and South Africa. Organisation for Economic Co-operation and

Development (OECD)

The analysis the main elements to the trade performance of Brazil, Russia, India, Indonesia, China

and South Africa. To illustrate the relationship in trade of these six countries to the rest of the

word. The book also include the development of trade in each of six countries during the past few

years. It is an ideal book to know the trade policy and development in the selected countries.

C. Electronic Database

1. Noruzi, Mohammad Reza & Mohammad Bakhtazmai. 'A study of Globalization in International

Business', Interdisciplinary Journal of Contemporary Research in Business, Jan2011, Vol. 2 Issue

9, p88-90,

Key phases: Culture, Countries(developing & developed), Economic status, Heterogeneity,

Partnerships, Rich and poor, Social reproduction.

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2. Soleymani & Mohammad, 'The Heavy Price of Globalization: Globalization and Sustainable

Development', Perspectives on Global Development & Technology 2010, Vol. 9 Issue 1/2, p101-

118, 18p

Key phases: Interconnection trade, Technology transfer, Lower cost, Environmental damage,

Sustainable development, Climate change, National employment.

3. Petrescu, Cătălin Emilian Huidumac, Joia, Radu-Marcel, Gheorghe Hurduzeu & Liviu Bogdan

Vlad, 'Foreign Direct Investments Expansion - Essential Globalization Factor'. Theoretical &

Applied Economics, Jan2011, Vol. 18 Issue 1, p163-172, 10p, 1 Chart

Key phases: Foreign investments, International economic relations, Trans-nationalization, FDI,

Emerging countries, Global economical crisis.

4. Griffin & Keith, 'Globalization and Global Governance: A Reply to the Debate', Development

& Change, Nov2004, Vol. 35 Issue 5, p1081-1091, 11p

Key phases: Globalization & global governance, Three waves of globalization, American

hegemony, Opportunities for specialization.

5. Kaya & Yunus, 'Globalization and Industrialization in 64 Developing Countries', 1980-2003,

Social Forces, Mar2010, Vol. 88 Issue 3, p1153-1182, 30p

Key phases: Economic Development, Manufacturers, International trade, Economic history, Gross

Domestic Product(GDP), Industrialization.

6. Naghshpour & Shahdad, St. Marie, Joseph J., 'Globalization Discontent: The Effects of

Globalization on Ethnic Protest', Peace Economics, Peace Science, & Public Policy, 2009, Vol. 14

Issue 3, preceding p1-27, 29p, 2 Charts

Key phases: Globalization, Ethic conflict, Ethic relations, Protest movement, economic

conditions, Humanitarianism. Discontent.

D. Items published on the Internet

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1. Yale Global Online: http://yaleglobal.yale.edu/

This Website provides the most recently research results articles by researchers from different

academies.

2. The Globalist: http://www.theglobalist.com/

This Website is a daily online magazine of global economy, politics and culture. It provides

articles which are written by researchers from different government department and organizations.

3. International Monetary Fund: http://www.imf.org/external/np/exr/key/global.htm

This Website provides the key issue of globalization include the background, globalization of

financial and trade, globalization of labour, global regulations and different opinion about

globalization.

4. Guardian.co.uk: http://www.guardian.co.uk/world/globalisation

BBC Globalization:

http://news.bbc.co.uk/2/hi/in_depth/business/2007/globalisation/default.stm
These are the mainstream media websites of globalization, they contain the news and reports write

by journalist and researchers from media.

E. Collation, compilation of secondary data or statistics

Duo to the the rapid growth of the Internet and World Wide Web, it is very convenient for the

researchers to collect secondary data or statistics. Internet is faster and more accessible for both

publishers and collectors. There are several data and statistics sources on the Internet. The official

website of International Monetary Fund (IMF) and the World Bank provide latest global financial

data and statistics. The global institutions is another perfect source of data and statistics, such as

General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), United

Nations (UN) and United Conference on Trade and Development (UNCTAD) they always provide

annual statistics of the area they researched on.

To illustrate the development of globalization, especially on world economy, the data and statistics

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of global GDP, world trade, world output, FDI inflows, Human Development Index in different

region and Engel's Coefficient etc.. However the globalization also causes unemployment,

exploitation, culture conflict and wealth gap etc.. The evidence of these demerits could be found in

the listed sources above or previous research reports by professional researchers.

The table 1 below shows the Life Expectancy at Birth and Per Capita GDP in US$ in 1980 and

2008 of selected countries. It clearly shows that a great development has been made among those

countries during the past decades. The development is not only in developed countries but also in

developing countries especially China, India, Indonesia and Bangladesh etc.. Globalization is the

driver of those developments. The longer life Expectancy is due to the development of medical

science and share of the technology. The huge change of Per Capita GDP in China and India etc.

mainly due to international trade and FDI.

Table 1:

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 Country Life Expectancy at Birth (Years) Per Capita GDP in US$ (PPP)

1980 2008 % Change 1980 2008 %Change

Algeria 60 72 20.0% $2,988 $8,002 168%

Bangladesh 48 66 37.5% $284 $1,337 371%

China 66 73 10.6% $246 $6,195 2418%

India 55 64 16.4% $422 $3,032 618%

Indonesia 54 71 31.5% $640 $4,001 525%

Mexico 67 75 11.9% $3,943 $15,314 288%

Nepal 48 67 39.6% $267 $1,106 314%

South Korea 68 67 -1.5% $2,643 $27,658 946%

Spain 75 81 8.0% $6,850 $32,994 382%

Thailand 66 69 4.5% $1,048 $8,099 673%

Turkey 60 72 20% $2,063 $14,068 582%

U.K. 74 80 8.1% $8,383 $37,317 345%

U.S. 74 78 5.4% $12,186 $47,210 287%

Low Income 49 57 16.3% $362 $1,114 208%

Countries

Middle 61 69 13.1% $1,187 $6,229 425%

Income
Countries

High Income 73 80 9.6% $9,266 $37,758 307%

Countries

World 63 69 9.5% $2,765 $10,722 289%

Global Sherpa 2010. Source Data: world databank; www.tradingeconomics.com.

F. Progress so far - An Assessment

The summary of thesis.

Globalization, For

1. Changing world output, world trade and FDI.

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Collect data and statistics to illustrate the development of world economy and in different area.

2. Change of living standard.

 Higher standard of lifestyle

 Higher education & medical level

 Convenience of transportation and communication

3. Higher utilization of resources

Better management of resources.

Globalization , against

1. Unemployment & Exploitation

How globalization causes them and to what extent it influence the domestic economy.

2. Culture Conflict

The contact by different culture may cause the conflict even war.

3. Wealth Gap

The rich richer and the poor poorer.

4. Environment

The pollution makes everybody a victim.

G. Essay Plan

I. Introduction Paragraph.

 Identify globalization

 Background and history of globalization

 Two different senses of globalization

 Globalization a really existing condition

II. Body Paragraphs.

The contribution of globalization.

1. A series of interrelated drivers, such as General Agreement on Tariffs and Trade (GATT),World

Trade Organization (WTO) and Organization for Economic Cooperation and Development

(OECD), is making change to achieve the integration of world economy. They lower the trade

barriers, increasing the financial flows and improve technology and communications. They also

balancing the development of the world.

U3063812 Chenzhi Yin 8

2. The rapid development of science and technology makes a better standard of living become a

reality. The positive globalists believe that the whole world is developing toward a better lifestyle.

It is truth that in many developing countries and even undeveloped countries better medical and

educational facilities are been provided. With the development of transportation and

communication, global travel is no longer a dream and we could know what is happening on the

other side of the world lively.

3. Globalization provides better resources utility. Drivers always try to find the most rational way

to use resources. Lower the cost of manufacture, convenient transport, accessible market and

maximum profits are the efforts of globalization drivers.

The defect of globalization.

1. The globalization causes unemployment in developed countries and may exploit people from

developing countries. Unemployment remains a serious problem to U.S. Government since Global

Financial Crisis in 2007.

2. The culture conflict is not only the reasons of discrimination, but also result in terrorist attacks

even wars.

3. Globalization seems did not able to average distribute wealth. However, according to Wade

(2001)1 the world's richest 20% population controls the 82.7% of World income, while only 1.4%

of world income controlled by poorest 20%.

4. The increasing environmental issues threatening human being and other spices on this planet.

Human activities are destroying the earth. And globalization is the propellent.

III. Conclusion

The positive globalists see all states and people benefits in the long term, while the pessimist

globalists see the threats to a range of groups, including the unemployment and exploitation, the

poor of the southern hemisphere, the conflict among cultures and all of us as victims of pollution.

Globalization provides both opportunities and pitfalls. Those who in power need to fully consider

both the merits and demerits. There is no absolute right or wrong, we could be both winners and

1
Wade, R (2001), Inequality of World Incomes: what should be done? At www.openDemocracy.net

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losers.

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