Use sociological theory to discuss and analyse the future effects of Essay

Use sociological theory to discuss and analyse the future effects of globalisation on developed and developing societies.(essay1500-2000 words) - Essay Example ise economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments.† (Rosenberg 2000) defines â€Å"The term ‘globalisation’ after all, is at first sight merely a descriptive category, denoting either the geographical extension of social processes or possibly, as in Giddens’ definition, ‘the intensification of worldwide social relations’.† According to the (World Bank Brief 2000) globalisation gained pace in the 1980s and 1990s, with the advancements in information technology, transportation and global communications. These include improved telecommunications, the Internet and faster world travel, to name a few. These technological improvements enabled people to transport goods, services and knowledge, faster, farther and more reliably. Governments have also adopted more open policies that allow for closer international economic cooperation. Supporters of globalisation claim that its goal is to reduce poverty worldwide. Supporters point out that despite the world population increasing from 1.8 billion to 6.0 billion, with the presence of political and armed conflicts, the real average income of each individual today is five times more than it was at the beginning of the century. However, globalisation also revealed vulnerabilities, which raise concern among both developed, and developing countries. If there is global reduction of poverty, it has also produced problems for its players. (Giddens 2001) states that, â€Å"Globalisation is not an ‘out there’ phenomenon, as if some external forces are at work. September 11 showed that it’s an ‘in here’ phenomenon†. He emphasized that globalisation is not a product of external factors, but also occurs within nations. â€Å"With interdependence comes vulnerability, a shift in our institutions, our emotions, our anxiety†¦Ã¢â‚¬ , he stressed (Giddens 2001). (Giddens 2001) stated that tradition in early modernity