An analysis of the concept of globalization

Another possible danger and harmful effect is the overuse and abuse of natural resources to meet new higher demands in the production of goods. Amazon uses data primarily to refine its product and service offerings on the basis of consumer buying patterns.

There will be some types of putative existential risks for which the main uncertainty is normative and others where the main uncertainty is positive.

Along with the above sequence from 1 to 5, the degree of economic integration increases. Landes Bioscience, Austin, TX. Consumers go to these sites to be entertained and to explore new trends—as well as to shop. Classifying a scenario as an instance of flawed realization requires a value judgment.

Yet not all normative issues are controversial.

Hazard analysis and critical control points

For instance, a technologically mature civilization could presumably engage in large-scale space colonization through the use of automated self-replicating "von Neumann probes. The degree to which an organization is globalized and diversified has bearing on the strategies that it uses to pursue greater development and investment opportunities.

It could turn out, for example, that attaining certain technological capabilities before attaining sufficient insight and coordination invariably spells doom An analysis of the concept of globalization a civilization.

Reduction or elimination of tariffs ; construction of free trade zones with small or no tariffs Of capital: Given the changing faces and phases of globalisation and its immutable central and primary focus to exploit African resources, disintegrate its economies and incorporate it into the international capitalist economy, it is imperative to emphasise that, the different conceptions, notions and treatment of globalisation by scholars are not incompatible with one another.

Online merchants in China are not afraid to test new products, fail, and try again, rather than adhering to a rigid schedule of product launches. Even for individual agents, the passage of sidereal time might become less significant after technological maturity.

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The concept of existential risk can thus help the morally or altruistically motivated to identify actions that have the highest expected value. Magnitude of expected loss in existential catastrophe Holding probability constant, risks become more serious as we move toward the upper-right region of figure 2.

If a state is not dependent on another, then there is no way for either state to be mutually affected by the other. Harmful Effects Non-economists and the wide public expect the costs associated with globalization to outweigh the benefits, especially in the short-run. With the demise of the Eastern Europe in the early 90s, capitalism as an economic system now dominates the globe more than it had been at any time in its history.

Achieving an equitable distribution of the added value, however, would require the people who dominate the market to embody the virtue of sacrificing themselves to serve the higher purpose of the good of all. Fukuyama FOur posthuman future: Such scenarios are not existential catastrophes but rather existential successes.

Few institutions are capable of operating consistently at such a level of effective rationality, and attempts to imitate such proactive behavior within less perfect institutions can easily backfire. More negatively, however, globalization has thus far sustained or increased various arbitrary hierarchies in contemporary society.

That implication, while perhaps tempting, is implausible. Further, it assumes along with the cosmological estimates mentioned in the previous footnote that the human brain has a processing power of operations per second and that stars on average last 5 billion years.

Industrialization allowed standardized production of household items using economies of scale while rapid population growth created sustained demand for commodities. Keeping our options alive These reflections on moral uncertainty suggest an alternative, complementary way of looking at existential risk; they also suggest a new way of thinking about the ideal of sustainability.

Industrialization is a process which, driven by technological innovation, effectuates social change and economic development by transforming a country into a modernized industrial, or developed nation.

Beneficial Effects Some economists have a positive outlook regarding the net effects of globalization on economic growth.


Like extinction, these other failure modes would involve pan-generational crushing. A third reason is that a technologically mature civilization would be superintelligent or have access to the advice of superintelligent artificial entities and thus better able to foresee danger and devise plans to minimize existential risk.

Requires the participating nations to become literally one nation in both an economic and political sense. In many instances, the underlying scientific, technological, and methodological ideas needed for studying existential risks in a meaningful way have also only recently become available.

Given the limited information then available, it might not have been unreasonable for contemporary observers to assign a significant probability to the end being nigh.HOME: Wel come to the Interuniversity Research Centre on Globalization and Work Website!

(CRIMT, from its French equivalent Le Centre de recherche interuniversitaire sur la mondialisation et le travail).CRIMT is an interdisciplinary and interuniversity research centre which focuses on the theoretical and practical challenges of institutional and.

1. The maxipok rule Existential risk and uncertainty An existential risk is one that threatens the premature extinction of Earth-originating intelligent life or the permanent and drastic destruction of its potential for desirable future development (Bostrom ).

The Concept of Globalisation. Globalisation refers to the process of the intensification of economic, political, social and cultural relations across international boundaries.

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An analysis of the concept of globalization
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