In The 1950s And 1960s,under The Rubric Of Modernization,it Was Generally Assumed That All Industrialized Nations Were Bound To Follow A More Or Less Similar Path Of Development.in The 1970s This Idea Was Discarded As Hopelessly Inaccurate And Muddle Head

Running head : MARKET OUTLOOK AND GLOBALIZATIONGLOBALIZATION AND MARKETS : LOOKING protrude AND BEYOND[Name of author][Institutional information]GLOBALIZATION AND MARKETS : LOOKING BACK AND BEYONDNot every(prenominal) countries have go steadyd modernization in the past and conversely , not all countries enclosely experience the same directions of exploitation . While the European partnership whitethorn be enjoying an enviable sparing position in the reality market , there still are develop and rudimentary countries which are far behind the sparing race . On the other hand , globalization has been criticized as skilful another(prenominal) form of Westernization where the characters of China and japan may confirm to be useful arguments to support such criticism . even so , globalization has paved the way for several frugal advantages for nations and sparing opportunities for developing nations to further advance the reach of their industriesThe member countries of the European summation are get alonging a to a great extent or less similar path of development precisely because of the coordinated markets mobile capital and common economic policies and entrusts of the heart - all of which are signs of the economic phenomenon called globalization The present status of the European Union reflects the observation made near five decades ago , which is that all change nations were bound to hunt a more than or less similar path of development infra the rubric of modernization . The members of the European Union currently follow a sensation trading form _or_ governance of government and a single market guided by a standardized juristic system , granting its members the freedom of their capital s campaign as intimately as their services and goods . However , iodin criticism is that t he case of the European Union does not impr! imatur that globalization is taking place everywhere , or that it does not reflect the more general observation that there are countries that either lag behind which are isolated in the butt or stand at par with industrialized countries such as the member countries of the European Union without having to practice the policies of international economic unions .

An example to this criticism is the case of Japan and China two of which negate the seeming idea that globalization is nothing fiddling of modernization under the guise of Westernization or ethnocentrismHistorical DifferencesTalcott Parsons provides the insight into what he calls structural differentiation , a process where simple societies render into complex ones involving the ternary processes of differentiation variant and reintegration , and the creation of a more general and larger system of values . These threesome processes then holds the complex societies together or else of further dividing them aside . Parson s idea is seen in the scope of the European Union among others precisely because the European Union has undergone the three processes prior to and later its conception . For instance , before the E .U . was established the post-Word contend II era saw a divided European continent arising out of the strong adept of nationalism among the case-by-case nations in the continent . One of the aboriginal attempts to unify the countries in Europe was the establishment of the European ember and Steel club (ECSC...If you want to get a large essay, order it on our website: OrderCustomPap er.com

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