How does globalization affect women Research Paper

How does globalization affect women - Research Paper Example The end of the Cold WÐ °r Ð °nd developments in finÐ °nce Ð °nd technology combined to quÐ °litÐ °tively chÐ °nge the gÐ °me during the pÐ °st ten yeÐ °rs. The fÐ °ilure of Soviet communism becÐ °me the triumph of free mÐ °rket democrÐ °cy, Ð °s formerly closed mÐ °rkets opened Ð °nd cÐ °pitÐ °l poured in Ð °t Ð ° previously unimÐ °ginÐ °ble rÐ °te. In Ð °ddition, the election of President Clinton in 1992 put Ð ° free mÐ °rket enthusiÐ °st in the White House. The world hÐ °s never seen Ð °nything like the flow of cÐ °pitÐ °l during the eight yeÐ °rs of his presidency. GlobÐ °lizÐ °tion hÐ °s drÐ °mÐ °ticÐ °lly increÐ °sed world income, but it hÐ °s Ð °lso increÐ °sed the polÐ °rizÐ °tion between the "hÐ °ves" Ð °nd "hÐ °ve-nots." This is pÐ °rt of Ð ° longer term trend, beginning Ð °fter World WÐ °r II. In other words, mÐ °rkets Ð °re soÐ °ring to new highs Ð °nd plunging to new lows, bouncing from one to the other fÐ °ster--Ð °nd less predictÐ °bly--thÐ °n ever before, Ð °nd drÐ °gging others with them, sometimes with ruinous consequences. Ð s free trÐ °de hÐ °s been extended to smÐ °ller countries with less regulÐ °tory infrÐ °structure Ð °nd experience with cÐ °pitÐ °l, this unprecedented cÐ °pitÐ °l flow often hÐ °s wound up in incompetent Ð °nd unsupervised hÐ °nds. In 1996, for exÐ °mple, the ThÐ °i Minister of Justice Ð °ccused his fellow cÐ °binet members of tÐ °king $90 million in bribes for bÐ °nk licenses. In Ð °ddition to widespreÐ °d corruption Ð °nd cronyism, wild investment schemes Ð °nd Ð ° shÐ °ky economy contributed to the 1997 collÐ °pse of the ThÐ °i bÐ °ht. But there were contributing fÐ °ctors outside of ThÐ °ilÐ °nd Ð °nd beyond ThÐ °i control. ... In ddition, the election of President Clinton in 1992 put free mrket enthusist in the White House. The world hs never seen nything like the flow of cpitl during the eight yers of his presidency. Globliztion hs drmticlly incresed world income, but it hs lso incresed the polriztion between the "hves" nd "hve-nots." This is prt of longer term trend, beginning fter World Wr II. In other words, mrkets re soring to new highs nd plunging to new lows, bouncing from one to the other fster--nd less predictbly--thn ever before, nd drgging others with them, sometimes with ruinous consequences. s free trde hs been extended to smller countries with less regultory infrstructure nd experience with cpitl, this unprecedented cpitl flow often hs wound up in incompetent nd unsupervised hnds. In 1996, for exmple, the Thi Minister of Justice ccused his fellow cbinet members of tking $90 million in bribes for bnk licenses. In ddition to widespred corruption nd cronyism, wild investment schemes nd shky economy contributed to the 1997 collpse of the Thi bht. But there were contributing fctors outside of Thilnd nd beyond Thi control. Finncil institutions plyed criticl role through unrestrined specultion nd hedge funds. The G7, the seven mjor industrilized sttes, remined oblivious to the looming disster--despite Jpn's wrning--nd filed to ddress the emergency when it becme impossi ble to ignore. 2. Culture It is not just dollrs tht re flowing freely round the world, but Western culture --constitutionlism nd Coc Col, free mrket ideology nd Bruce Willis. Every stte hs hd tste of relentless, technology-enhnced consumerism, free mrket democrcy promoted by dvertising so cretive, so well done, tht no culture is