Globalisation and Culture

SESSIONS IN MACROECONOMICS / INTERNATIONAL ECONOMICS AUTUMN 2009 SUBJECT: THE GLOBALIZATION DEBATE study NUMBER 11, PREPARED FOR THE MEETING OF GROUP 1-2 TITLE OF THE paper: GLOBALIZATION AND CULTURE WRITTEN BY: YONG SENG, KOH 1. Introduction Globalisation has always been regarded as an ongoing surgical operation where economies, socieites and cultures becoming intergrated through a mesh topology of exchange (Bhagwati, 2004). Indeed, one of the major benefits of globalisation has been international grapple where volume of international affair has increased significantly from come of US$320 billion in 1950s to US$6.8 tillion per year and thus brought about global economic growth. As a result, we have often seen studies discussing about benefits of increased international handle due to globalisation. However, many have ignored the fact that globalisation on the other hand is in like manner an ongoing process of loss of pagan diversity which is especially true in maturation countries. As capital and goods flows from developed countries, it also infuses its cultures into the developing countries.

Although globalization has improved the global economy through trade liberalization, it has thus put the local cultures at risk as the popularity of western goods such as fast-food, flim and music in non-western countries had seen an influx and adoptation of western culture in its societies, causing locals to abandon their eccentric values and identities and local businesses suffers as foreign MNEs dominates. As globe Trade Organisation (WTO) does not allow countries to block cultural imports, influx of foreign goods and MNEs will continue to dominate and lend to the loss of cultural diversity as the world shapes itself into as a monoculture due to globalization. Therefore, this paper seeks to analyse the consequences of globalisation in terms of cultural loss, especially in developing countries and also how they can preserve their culture while engaging in globalisation... If you want to get a full essay, order it on our website: Orderessay

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