Globalization and International Relations Essay

Globalization and International Relations - Essay Example However, since globalization, the global economic environment has undergone tremendous changes. According to Devetak and Hughes (2008, p. 34), globalization connects nations through a global network, and it assists a nation to get access to foreign markets and customers. Since the nations got ranges of benefits from globalization, governments adopted a liberal approach towards international trade. As Slaughter & Swagel (1997) point out, the removal of trade barriers promote import and export activities by which a government acquires foreign investments (IMF). In order to take advantages of liberal international trade laws, a number of corporate global giants spread their business across the globe; this practice greatly promoted international relations. For instance, Starbucks Coffee Company transplanted its business operation from the United States to China. The improving unemployment rates in third world countries can also be clearly referred to the fruitful effect of the globalizat ion. The global interconnectedness helped these nations to attract more and more investors to complete their capital accumulation process successfully. In addition, multinational companies started their production activities in developing and underdeveloped countries and this practice created ranges of employment opportunities in those countries. Globalization has also intensified the immigration processes. Even though the ultimate cause of immigration is not globalization, this concept has considerably increased the number of immigrants (‘Migration and globalization’). Before the 21st century, traveling from one’s home country to a foreign destination was expensive and time consuming. In addition, inter-communication between countries was... This essay approves that the productive elements of globalization contributed to the development of a new technological era that restructured the living standards and business concepts of the modern world. The increased application of technology in productive activities also augmented the volume of production. It was necessary to employ more and more workers in order to efficiently operate machineries and other technical systems. This situation also created wide ranges of job opportunities for skilled individuals. Similarly, even technologically underdeveloped nations got access to improved technologies as a result of globalization and this situation in turn improved international cooperation. The explosive growth of information technology (IT) is one of the major outcomes of globalization and industrial revolution. Globalization has also intensified the immigration processes. Even though the ultimate cause of immigration is not globalization, this concept has considerably increased the number of immigrants. This report makes a conclusion that globalization has greatly added value to international relations as this concept facilitates international trade transactions. Increase in export and import trade encourages nations to function cooperatively. The globalization also amplified immigration by which nations could resolve their staffing shortage issues. Moreover, developments in IT sector have greatly restructured the ways nations communicate today.