Examining Globalization: Paradigms of the 20th Century & Challenges

This essay examines the challenges faced by globalization, particularly focusing on the transition from the twentieth to the twenty-first century. It highlights how globalization, initially driven by trade in tangible goods, has evolved to encompass the exchange of ideas, training, and human capital. The essay assesses the strengths and weaknesses of the central argument that outdated paradigms hinder understanding of contemporary globalization, supported by evidence of the impact of industrial revolutions and ICT on socio-economic development. It identifies key concepts such as the role of ICT in facilitating access to information and markets, the risks faced by countries failing to embrace technological advancements, and the shift from predictable, slow globalization processes to more dynamic and competitive landscapes. The analysis draws on various sources to illustrate the transformation of international commerce and the increasing importance of knowledge economies in the globalized world.

Globalisation

Table of Contents
Article..............................................................................................................................................1
MISTHINKING GLOBALISATION: TWENTIETH-CENTURY PARADIGMS AND
TWENTY FIRST-CENTURY.........................................................................................................3
CHALLENGES...............................................................................................................................3
Introduction......................................................................................................................................3
can identify and assess the strengths and weaknesses of the central argument of the article and
provide evidence in support;..................................................................................................3
can identify key concepts presented in the article;.................................................................3
Conclusion.......................................................................................................................................4
REFERENCES................................................................................................................................5

MISTHINKING GLOBALISATION: TWENTIETH-CENTURY
PARADIGMS AND TWENTY FIRST-CENTURY
CHALLENGES
Introduction
Globalisation is known as the aspect which is associated with trading of natural and manmade
products (Ajmain and et.al, 2019). In the nineteenth century, globalisation has to face lot of
problems and twentieth century is really the expansion time for international trade. This is a
period of good stability, rapid prosperity and growth as well as it has opened ages for
capitalisation. This following report will tell about different challenges faced by globalisation in
the twentieth century.
can identify and assess the strengths and weaknesses of the central argument of the article and
provide evidence in support;
There is huge impact on social, economic, political and cultural activities of all regions due to
industrial revolution and enhancement of knowledge. It is determined by government that
information and communication technologies are playing an essential role within socio
development opportunities (Isa, 2020). Globalisation provides benefits to resources, technology,
contacts and information which makes access for markets. In context of economic development,
it is seen that some countries are at risk as they are failing for embracing the technologies and
transforming economies. The concept of free trade is not only associated with being free. There
are several developed countries which restrict the import for labour intensive products which are
helpful for boosting exports in different developing countries. The aspect of ICT is electronically
based system for information reception, receptionist, retrieval and processing. Globalisation is
associated with planning of financial markets and encompassing cultural and political
phenomenon.
can identify key concepts presented in the article;
ICTs are known as an important factor for organisation and its ability for accessing, producing,
adapting and applying information. These are used as a tool at post-industrial age. The
foundation for knowledge economy is also enhanced at the time of globalisation. Globalisation in
context of 20th century is related to made here sold there goods at different borders. There is

change in process and part of international commerce has increased to ideas, training, people,
etc. There are several international flows which have transformed way of affecting economies
within nations (McKenzie, 2017). On the other hand, in context of industrial development, in
twentieth century, globalisation has become competitive. The fabrication contributes for
managing values which can be reproduced and moved in an easy manner. These include services
that require agglomerations for talented workers who can interact quickly.
According to the views of OSHI, ONWUKA and NWAKOBY (2021), old paradigm thinking is
associated with government to focus upon the process of globalisation as predictable and slow
which has direct impact on skill sector. The aspect of ICT when sparked then steam power
sparked initially (Pretel and Camprubí, 2018). This revolution will enhance separation of
consumption and promotion by minimising trading cost of goods.

REFERENCES
Books and Journals
Ajmain, M.T., and et.al, 2019. Industrial revolution 4.0: Innovation and challenges of Islamic
education teachers in teaching. BITARA International Journal of Civilizational Studies
and Human Sciences (e-ISSN: 2600-9080), 2(1), pp.38-47.
Isa, B., 2020, July. Industrial Revolution 4.0 and Its Influence on Visual Arts Education. In 3rd
International Conference on Arts and Arts Education (ICAAE 2019) (pp. 280-283).
Atlantis Press.
McKenzie, F., 2017. The fourth industrial revolution and international migration.
OSHI, J.E.O., ONWUKA, E.M. and NWAKOBY, N.P., 2021. GLOBALISATION AND THE
NIGERIAN BUSINESS CLIMATE: A MANUFACTURING
PERSPECTIVE. INTERNATIONAL JOURNAL OF MANAGEMENT AND
ENTREPRENEURSHIP, 3(1), pp.265-275.
Pretel, D. and Camprubí, L., 2018. Technological encounters: Locating experts in the history of
globalisation. In Technology and Globalisation (pp. 1-26). Palgrave Macmillan, Cham.