Unit V Complete Questions
For Unit Five Complete, please select any two of the three possible questions and respond with an essay of 400 to 600 words. Remember to paraphrase and cite all sources in APA format.
2. Many historians argue that the bi-polar Cold War structure created global peace, and point to the outbreak of ethnic violence across Eastern Europe and Africa in the 1990s as evidence. Others believe that global stability was created by the nuclear arms race, since it limited the ability of major military powers to go war with one another without destroying themselves as well. Still others argue that World War III has been prevented by international organizations that set clear rules and expectations for all countries who engage in global politics and economics. What do you think? Does the end of the Cold War increase or decrease the likelihood of WWIII?
3. Did the US “win” the Cold War and become the lone superpower at the end of the twentieth century, or the entire global structure shift with the end of the Cold War? As we move into the twenty-first century, does the Cold War measurement of “power” as military capability still stand as the defining feature of global power, or is economic stability a better indicator? Which country(ies) do you see as the world power(s) and why?
7/9. (Combine these two questions into a single response) For good and for bad, globalization is certainly a defining feature of the world in the 21st century. Describe its unifying and polarizing effects. What do you believe is the stronger political force in the world today – integration or disintegration? Provide evidence to support your answer.
1.This should be addressed to Darren Ray French
The world is an ever-changing part of history that continues to stretch its borders and people from the beginning of time. The ability for the world to grow and expand has exploded since the creation of the phone systems, computers, and other technically advanced programs that allow people to connect in ways never thought possible. From ancient times, tribes have migrated and looked to build upon other nations and civilizations. This caused many wars and led to people taking over entire nations with the thoughts of controlling land and resources. This has slowed in some ways, through military strength, stable governments, and the ability to create allies, many governments now have the ability to defend their land, and people like never before. The promise of protection offered by large governments comes with a price. “To a great extent, the Cold War hampered the ability of international organizations to maintain peace and left control of the international arena in the hands of the superpowers pursuing their own national interests”(Hallock, S. A. 2013). These national interests are finding continued success very costly.
The ability to do business around the world has become increasingly easier with globalized markets. Internet sales and worldwide shipping have allowed for merchandise, services, or technology to be a click away. Instead of governments totally controlling markets, business groups, politicians, or special interest groups have a say in the market. ”The future of economic and financial globalization is in doubt as this once-dominant paradigm is now being challenged by domestic political upheavals on both sides of the Atlantic”(El-Erian, M. A. 2017). The success of business goes beyond the strengthening of the market, there is the disappointment in stock prices and projections from banks, and lending organizations that forecast possible returns on these investments. The continued success of globalization will depend on how well nations handle the increasing world global markets.
The increased regulations, wages, and internal and external government factors may limit the effectiveness of globalization in smaller countries. The ability for smaller countries to become a part of globalization and provide services for the rest of the world while creating a stronger economy is a good thing. It is better for countries to be self-sufficient as to borrow and beg from others. On equal playing fields, I believe free trade and open markets are a good thing.
2. This should be addressed to Timothy Mullen
Globalization is the focus on consumerism and the trade of goods and money around the world. It can be described as all-encompassing- touching the realms of politics, economics, culture, and environmental factors (Hallock, 2013). It has long been debated whether globalization has been a beneficial tool for improving the world economy. By examining, on a surface level, the effect globalization has had on the global economy, this post will attempt to assess whether globalization has improved and had an overall positive effect on the world economy.
By increasing the exchange of goods, services, and technologies which may otherwise lack access to these commodities, globalization has been able to reach into corners of the world which may have otherwise been off limits. Unfortunately, some countries and regions have chosen not to participate in globalization and have been further separated from the rest of the world (Mourdoukoutas, 2013). Furthermore, globalization allows more active countries to take advantage of weaker nations. Currently, Germany is dominating Europe, China is dominating parts of Pacific Asia, and Russia is gaining economic control over surrounding areas (Mourdoukoutas, 2013).
Globalization also enhances global stock, which in turn stimulates global economic growth. This has transformed what was once a segmented market into a global trading center with a large pool of mobile funds (Callaghan, 1997). This has allowed a more integrated global economy and in turn has increased global credit and exchange of goods. As a result of no regulation placed on trade or capital movement, inflation and price and profit swings are common.
Finally, globalization makes the global market more efficient and it creates opportunities for economic growth, jobs, and development (Mourdoukoutas, 2013). This has brought new risks and uncertainties to every market. This is because of the integration of local and global markets may fail to adjust to the increased competition presented by global markets.
Overall, the world has profited from globalization. It’s presented new economic growth, opportunities, technologies, jobs, and much more. Although there are some unfortunate aspects which accompany globalization, the benefits far outweigh any consequences. The global economy is constantly growing and developing and therefore globalization, as of yet, is a net positive for the world.