Globalization in the Age of Trump: Critical Analysis and Evaluation

Running head: GLOBALIZATION
Globalization
Name of the Student
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Author Note

1GLOBALIZATION
Globalisation is the process by which businesses around the world become more open in
terms of expansion. It is the method used by businesses to start operating at an international
level. It also refers to the process of integration and interaction of people, organisations and even
nations with the help of business strategies and improvised technologies so that there is efficient
production and trade and development are initiated among different countries (Bretos &
Marcuello, 2017). Globalisation of firms and internationalisation of opportunities has increased
with the increase in the amount of transportation linkages and communication. Globalisation as a
theory and part of corporate governance has evolved over years (Schymik 2018). It has served as
the reply to much performance compensation problems at the international levels. The aim of
the essay is to focus on the issue of globalization in the age of Trump and to critically
analyse and evaluate the various perspectives of the issue. This essay tries to portray and
describe the various factors by which internationalisation can still take place even when the
geopolitical environment tries to hamper this.
There are primarily three types of globalisation which are political globalisation,
technological globalisation and economic globalisation. In this particular article all of these
concepts are taken account of. It is reported in the article that with the advent of the era of
Donald Trump, the common perception of the general mass is to think that globalisation as a
phenomenon is being reversed especially in the United States and it is being substituted with
localisation. However, this notion is not completely true as globalisation might reduce and not
completely stop. According to Intriligator (2017), it is very crucial to understand that there is a
huge difference between a phenomenon being reversed and stopped. In this case, globalisation
does not effectively need to be reversed. There are various strategies and techniques that firm
owners and managers can still use to expand their businesses and provide services at the global
level. Globalisation has evolved to the extent that it cannot be completely reversed by any
country or political power whatsoever.
Globalisation as a term has always been controversial. For most individuals it refers to
the process by which several aspects like economic, political, technological, social and cultural
get interconnected such that one impacts the other to a large extent on account of being
interconnected (Cerny & Prichard, 2017). In the political context, globalization has usually been

2GLOBALIZATION
perceived to be a temporary phase wherein globalization is simply viewed as a part of global
capitalisation. This article reflects that if the notion of globalisation is approached in a pragmatic
manner, it is not as large in its impact as it apparently seems. Stiglitz (2017), asserts that the
intensity of globalisation is overestimated in reality because the factors of differences in
countries are generally taken into consideration. Further, in the context of public policy, the
harmful effects of globalisation are in fact underestimated. It is very important that the net
positive effect is substantially reduced by the factors like differences in geography, climate,
location, culture, distance and even language in some cases. It is also equally important to
understand that even in the face of pressures against globalisation in different countries, there are
a lot of factors that help to hold up the total level of globalisation. Langan (2018), states that the
most important source of continued trade between two countries is the presence of ties. This is
one of the most powerful ways of maintaining trade relations between countries. Data shows that
colonial ties between two countries trading and even a common language helps in increasing the
intensity of trade up to about five times as compared to countries who are not a part of such
colonial ties.
The concept of globalisation has actually evolved from the earlier phenomenon of trade
relations in between countries. Data shows that in the 1930s the amount of trade dropped to a
large extent but did not completely dry up because of the presence of colonial ties and the use of
small advantages like a common language. This helps in proving up to some extent that in
today’s world, the total amount of globalisation might reduce up to some extent because of the
political influences and changes in the business environment imposed by the principles of
Trump. However, according to Solarz (2017), the total intensity of globalisation or trade will not
completely be eliminated. In fact, it is being estimated that the reduction in today’s world will be
way lesser than it was in the 1930s due to several reasons. The two largest economies providing
the maximum intensity of globalisation to the United States are China and Mexico. If the trade
relations with these two nations are completely eliminated it will only lead the United States to
losing $ 85 billion worth of exports which is about 4% of the total amount of exports from the
United States only.
Thus, it can essentially be asserted and stated that globalization in the era of Trump is not
completely going to get eliminated. There will not be advent of a situation wherein, the concept