Topic > The negative effects of globalization on South Africa

Globalisation refers to the process of integrating economic, political, social and cultural relationships between people, companies and governments of different nations and countries. It is a process aimed at improving the international circulation of goods, services, work and capital. This process also has a direct impact on the environment, culture, political systems, economic development and prosperity, as well as the physical well-being of societies around the world. Globalization also indirectly suggests internationalism, mutual agreement and support between countries, as opposed to nationalism and protectionism, which have distinctive negative characteristics. Globalization dates back to the pre-World War I era. During that period the general trends of globalization have produced a very uneven pattern of global economic development, highlighting the limits of global economic integration. For example, the integration of the African economy into the capitalist economy is part of the globalizing tendencies of capitalism. Over the last 30 years, the globalization of the economy led by the World Bank, the International Monetary Fund and transnational entities has occurred at a very high pace. fast pace. These institutions have pressured governments in developing countries such as South Africa to remove barriers to the cross-border flow of capital and products. Even if globalization is good or...... middle of paper......0 pp . $115 (cloth), ISBN 0-415-22425-X.http://hbswk.hbs.edu, Globalization: Little Impact on the Continent, published March 24, 2003, Author: Julie JetteJoseph E Stiglitz, Globalization and its Discontents, April 2003 / paperback / ISBN 0-393-32439-7/6 //www.afrol.com/News2001/sa019_globalisation_lab.htm, afrol News, 10 April, South African unions tackle globalisation, http://www.guardian.co.uk/world/2002/oct/31/globalisation.lewiswilliamsonCharlick , R. (2000) “Popular Participation and Local Government Reforms” Africa Notes, New York: Cornell University, (April) pp1-5