It is the process of international integration as a product of exchange of world views, products, ideas and other aspects of culture in which worldwide exchange of national and cultural resources occurs in the process. Many factors contributed for the growth of globalization major being advancement in transportation and communication. The current wave of globalization is nothing but the result of Schumpeterian evolution in technology along with interaction of many actors at different levels of the economy.
A good example is the welfare state in Britain. After providing brief definitions for the key words in the essay, globalisation and social policy respectively, the essay then carefully explores not only the social and economic factors arising from this phenomenon but also the political and cultural ones.
The essay will evaluate the roles played by global institutions such as World Trade Organisation and World Bank combined with the increase of privatisation policies; Public Private Partnerships in Britain. Although globalisation implies that social policy should be addressed from both a national, a transnational and a global perspective, for the purposes of this essay, examples and case studies will be applying to and be limited mainly to industrialised, developed countries with well established advanced welfare protection systems, like Britain.
Globalisation is said to herald profound changes to the objective reality of the world, our perceptions of the world and our experiences; it pertains to global economic and political structures, but it touches all our lives in many ways and in a range of spheres: Although most of its aspects are disputed, the concept of globalisation encompasses a host of interwoven processes.
These include amongst other things: On the other hand, precisely what counts as social is also a matter of considerable debate. However, this view of social policy can be considered too narrow, because it directs attention to policies generated specifically within the usual list of welfare fields.
It ignores key policy areas that also have a profound impact on welfare, especially in those in the area of economic policy, such as fiscal and policies on inflation and economic growth. Equally, it has been argued that exclusive concentration on government policies is mistaken and that one should also include the policies of religions and charitable bodies as well as of private corporations as, for example, in consideration of pension policies and transnational corporations - a position that has become increasingly necessary with the privatisation of arrangements for welfare Marshall, Globalisation is said to undermine the economic and political conditions on which the traditional welfare states were built, erode national policy autonomy and force the marketisation and residualisation of welfare states.
One of the most common themes in the vast literature on globalisation is that it is gradually undermining the state by making it meaningless if not obsolete.
Economic globalisation is particularly considered as a threat to the social security systems that represented stability in the western democracies and market economies over the last 60 years. These processes have called into question the role of the nation states, national governments and their public spending programmes, including social welfare spending in a number of ways.
This means that we have to consider that the causes of social problems and their solutions are not confined to national institutions and structures.
The global structure of production and trade, for example, bears on national systems of economic security and inequality and how it affects the structure of employment, family structures, the gender divisions of labour, and the degree of income inequality.
The global causes of increasing mobility of people internationally, which is often seen in the West as social problems of migrants, refugees and asylum seekers, also lies in the uneven development and geo-economic inequality Yeates, Radically new forms of social, economic and political organisations are being brought into being by globalisation, not only across nations but also within nations and within individual cities and regions of different nations.
Globalisation is associated with massive increases in cross-national flows of capital, labour, technological know-how, goods and services, and its correspondingly important effects on employment, economic development, political institutions and social welfare. There too is a strong relationship between domestic policies and international competitiveness.
The dynamics of modern market forces do not derive from the power of economics but from the economics power. The single most dominant force is the corporation. Transnational Corporations TNCs have become the dominant force leading the globalisation process and determining the future of world economy.
They have immense power within national and regional context. This is as a direct result of principal social and economic policies that have been put in place by countries such as Britain.
Esping-Anderson identifies three kinds of responses to this openness of economies to global trade. The social democratic welfare states for example Sweden, are trying to maintain the commitment to welfare through job creation with increasing doubts being raised about how viable this is as a permanent solution.
Liberal welfare states most notably the USA have embarked on deregulation and wage lowering to attract global investment in low wage jobs. Conservative corporatist regimes like Germany have shed jobs in the less productive sectors. An understanding of the impact on welfare policy by competitiveness must examine the impact of the welfare effort on the supply of capital and labour and the productivity of the two.
In the present phase of world economic development, social activities traditionally analysed within and undertaken within one country now take on a supranational and transnational character. Economic competitions between countries are leading them to shed the economic costs of social protection in order to be more competitive.The impact of economic, political and social globalization on overweight and obesity in the 56 low and middle income countries.
While these policy proposals are widely discussed in the public health arena, they remain marginal to the larger discussions on economic growth and global development. It is plain from this discussion of the economic impact of globalization that it also has important implications for the conduct of monetary policy.
I will touch briefly on four implications that are relevant for the Bank of Canada. The social implications of globalization have so far been seen as an afterthought, or as an unfortunate consequence of progress. The ability to continue to think and feel and dream seems somehow threatened; there is a sense that the new global paradigm can somehow shut down our full capacity to be human.
This shutting down, or submission . This process of globalization is part of a ever more interdependent world where political, economic, social, and cultural relationships are not restricted to territorial boundaries or to state actors and no state or entity is unaffected by activities outside its direct control.
Implication of globalisation on social policy the process of globalization results in the dissemination and transfusion of ideas that attain significant global social policy currency.
Individual countries can both contribute to and be influenced by this process. to the impact of globalization on employment, WCII and poverty in DCs, while the concluding Section 6 will summarize the main findings and suggest some policy implications.
2. Definition and methodology “Globalization” is currently a popular and controversial issue, though often remaining a loose and poorly-defined concept.