The Impact of Globalization on Production and Consumption Patterns

This essay delves into the profound effects of globalization on various aspects of the global economy, drawing insights from the Communist Manifesto. It examines how globalization has revolutionized production and consumption patterns, leading to the rise of new industries and the decline of old ones. The essay analyzes the shift from local and national self-sufficiency to a globalized market characterized by interdependence and the exchange of goods and ideas. It explores the bourgeoisie's role in driving these changes, the destruction of national industries, and the emergence of a world literature. Furthermore, the essay discusses how globalization has transformed the sourcing of raw materials, the creation of new wants, and the interconnectedness of nations, emphasizing the constant evolution and dynamism of the global economic landscape. The analysis highlights the shift from local to global production and consumption, the influence on national industries, and the rise of interconnectedness through the lens of economic forces.

Hint: this passage from the Communist Manifesto (from Chapter 1) is
particularly relevant for your assignment....here Marx and Engels lay out their
understanding of future "globalization" driven by the "structures" of
capitalism...structure/agency...
The bourgeoisie cannot exist without constantly
revolutionising the instruments of production, and
thereby the relations of production, and with them
the whole relations of society. Conservation of the
old modes of production in unaltered form, was, on
the contrary, the first condition of existence for all
earlier industrial classes. Constant revolutionising
of production, uninterrupted disturbance of all
social conditions, everlasting uncertainty and
agitation distinguish the bourgeois epoch from all
earlier ones. All fixed, fast-frozen relations, with
their train of ancient and venerable prejudices and
opinions, are swept away, all new-formed ones
become antiquated before they can ossify. All that
is solid melts into air, all that is holy is profaned,
and man is at last compelled to face with sober
senses his real conditions of life, and his relations
with his kind.
The need of a constantly expanding market for its
products chases the bourgeoisie over the entire
surface of the globe. It must nestle everywhere,
settle everywhere, establish connexions
everywhere.
The bourgeoisie has through its exploitation of
the world market given a cosmopolitan character to
production and consumption in every country. To
the great chagrin of Reactionists, it has drawn from
under the feet of industry the national ground on
which it stood. All old-established national
industries have been destroyed or are daily being

destroyed. They are dislodged by new industries,
whose introduction becomes a life and death
question for all civilised nations, by industries that
no longer work up indigenous raw material, but
raw material drawn from the remotest zones;
industries whose products are consumed, not only
at home, but in every quarter of the globe. In place
of the old wants, satisfied by the production of the
country, we find new wants, requiring for their
satisfaction the products of distant lands and
climes. In place of the old local and national
seclusion and self-sufficiency, we have intercourse
in every direction, universal inter-dependence of
nations. And as in material, so also in intellectual
production. The intellectual creations of individual
nations become common property. National one-
sidedness and narrow-mindedness become more
and more impossible, and from the numerous
national and local literatures, there arises a world
literature.