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    Globalization Has Turned On West (Mohsin Raza)

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    Mohsin
    Globalization has turned against the West according to the document. It outlines how the 2007-2008 financial crisis, European debt crisis of 2010, job losses in manufacturing, rising unemployment, and a frustrated middle class have negatively impacted the West. Cultural anxiety leading to racism, terrorist attacks, and the European migrant crisis of 2015 have further shaken the West. The rise of populist nationalism and calls for protectionism are a response to the threats of economic insecurity, global warming, and refugee issues that globalization has brought upon the West. The competitive advantage of Western nations in industry and technology is declining as globalization's effects have turned against its former champions.

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    Globalization Has Turned On West (Mohsin Raza)

    Uploaded by

    Mohsin
    2K views2 pages
    Globalization has turned against the West according to the document. It outlines how the 2007-2008 financial crisis, European debt crisis of 2010, job losses in manufacturing, rising unemployment, and a frustrated middle class have negatively impacted the West. Cultural anxiety leading to racism, terrorist attacks, and the European migrant crisis of 2015 have further shaken the West. The rise of populist nationalism and calls for protectionism are a response to the threats of economic insecurity, global warming, and refugee issues that globalization has brought upon the West. The competitive advantage of Western nations in industry and technology is declining as globalization's effects have turned against its former champions.

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    English Essay For CSS

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    Globalization has turned on west (Mohsin Raza)

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    Globalization has turned against the West according to the document. It outlines how the 2007-2008 financial crisis, European debt crisis of 2010, job losses in manufacturing, rising unemployment, and a frustrated middle class have negatively impacted the West. Cultural anxiety leading to racism, terrorist attacks, and the European migrant crisis of 2015 have further shaken the West. The rise of populist nationalism and calls for protectionism are a response to the threats of economic insecurity, global warming, and refugee issues that globalization has brought upon the West. The competitive advantage of Western nations in industry and technology is declining as globalization's effects have turned against its former champions.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    2K views2 pages

    Globalization Has Turned On West (Mohsin Raza)

    Uploaded by

    Mohsin
    Globalization has turned against the West according to the document. It outlines how the 2007-2008 financial crisis, European debt crisis of 2010, job losses in manufacturing, rising unemployment, and a frustrated middle class have negatively impacted the West. Cultural anxiety leading to racism, terrorist attacks, and the European migrant crisis of 2015 have further shaken the West. The rise of populist nationalism and calls for protectionism are a response to the threats of economic insecurity, global warming, and refugee issues that globalization has brought upon the West. The competitive advantage of Western nations in industry and technology is declining as globalization's effects have turned against its former champions.

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    Globalization has turned on West

    Outline

    1. Defining globalization and its historical aspects.

    2. West becoming a champion to the victim of globalization.

    3. Factors which indicate that globalization has turned on West.

    i. Global Financial Crisis of 2007-2008.

    ii. European debt crisis of 2010.

    iii. The era of economic insercurity in the West amid post Global Financial crisis.

    a. A large number of factory workers losing their jobs.

    b. Increasing unemployement in the West.

    c. Frustrated middle class.

    iv. Cultural anxiety which led to racism.

    v. Series of Terrorist attacks in the West.

    vi. Refugee crisis in United States and European migrant crisis 2015.

    vii. Drastic threat of global warming.

    4. Responses to the curse of globalization.

    i. Rise of Populist Nationalism in West.

    ii. Implementing protectionism.

    iii. Chants of America First and Take back control as Brexit gets voted.

    5. Conclusion.

    Thesis Statement

    West, a former champion of globalization is becoming a victim of its sham. It's competitive
    advantage over information technology and industry is withering away.

    Introduction

    "Globalization is a fact of life. But I believe we have underestimated its fragility". These words of
    Kofi Annan imply that throughout the history there have been successive waves of globalization
    followed by a backlash every time the model over-reaches itself. A similar backlash, for example,
    is happening right before our eyes. West, a former champion of globalization is becoming a
    victim of its sham. Its competitive advantage over the industry and information technology is
    withering away. Over the past few years, the economic inequality between the privileged and
    the underprivileged has aggravated in the West. And the future of a large middle class is
    vulnerable than ever before. Cultural anxiety, refugee crisis, global economic crisis, global
    warming and series of terrorist attacks have shattered the former masters of globalization.
    Waves of populist nationalism and protectionism are sweeping the Western world.
    Protectionism is being considered as a remedy for all ills. But no model can completely
    countermand globalization because this world has become a global village now.

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