chelsea hyde

8/18/2019 Chelsea Hyde

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CAPE

Caribbean Studies Internal

Assessment

(2015-2016)

Title: An investigation into the impact of globalization on Jamaica’s economy.

Name: Chelsea Hyde

Date: November 29, 2015


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Territory: Jamaica

Table Of Contents

SECTION PAGE

Inrod!cion and "!r#ose o$

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aa Collecion

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"resenaion .ndand .nalysis /$o$

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isc!ssion /$ndins&&&&&&&&&&&&&&&&&&&&&&&&&&&'

Concl!sion&&&&&&&&&&&&&&&&&&&&&&&&&&&

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Introduction and Purpose of Research

Relevance of topic

This study is an investigation into the impact of globalization on Jamaica’s

economy. It will attempt to answer the following questions:

• hat are the main factors influencing globalization!

• hat are the impacts of globalization on Jamaica’s economy

• hat can be done to limit the negative effects of globalization on the

economy and the society as a whole!

"lobalization can be defined as the process by which regional economies# societies

and cultures have become integrated through a global networ$ of communication

transportation Ellis A. The Jamaican economy is a mi%ed developing economy#

located in the &aribbean it has been globalized had have benefitted much from this

however there is a negative side to this globalization that has affected young

Jamaicans. &ultural diffusion is of influence on our culture today. Therefore young

Jamaicans have been e%posed to the other cultures from other countries and this

has caused them to forget their former beliefs and culture# and adopt to the culture

overseas.


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This study is geared towards finding out how Jamaicans are impacted by

"lobalization. The researcher chose to investigate this topic as it is believed that

"lobalization is mainly positive and dependent on Jamaica’s economicaleconomic

growth. However the dependence on Globalization is obscured ‘researcher’

and this has many negative effects in our society. This investigation willhighlight those negative effects in contrast to the belief of some Jamaicans.

The results of this study will heighten the awareness of negative effects on

globalization. The governmental agencies could use the strategies listed in this

research to help limit the negative effects of globalization. If left unattended

Jamaican culture will eventually vanish and leave future generationsgenerations’

oblivion to Jamaican history.

roblem !tatement

The title of this study is "#n investigation into the impact of globalization on

Jamaica’s economy.’ Jamaica# home of over '.(million people# is located in the

&aribbean after residing here for over )* years the researcher have observed many

changes in its economy. Therefore the researcher has decided to conduct a small

survey to investigate the impact that globalization has been having on the country’s

economy. +y doing this the researcher hopes to answer the following questions:

• hat are the main factors influencing globalization!

• ,ow does "lobalization further adds detriment to the poor society!

• hat are the impacts of globalization on Jamaica’s economy

• hat can be done to limit the negative effects of globalization on the

economy and the society as a whole!

$efinition of terms

Globalization% the process by which businesses or other organizationsdevelop international influence or start operating on an international scale

&conomic% the branch of $nowledge concerned with the production#

consumption# and transfer of wealth.


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&conomy% the state of a country or region in terms of the production and

consumption of goods and services and the supply of money.

'ultural $iffusion% is the spread of cultural beliefs and social activities

from onefrom one group to another. The mi%ing of world cultures through

different ethnicities# religions and nationalities has increased with advanced

communication# transportation and technology.

'ulture% the ideas# customs# and social behaviour of a particular

people or society.


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-iterature eview

/very country has its own unique resources and products that other counties may

not have and hence# whatever resources were lac$ing in country could be found in

another. This led to the up rise of the idea of globalization. At the early beginnings

of globalization# people from different countries started to e%change resources with

each other for various crops as well as other goods. The 0utch /ast Indian was the

first global cooperation to be established in the )*th century. "lobalization

increased up to )1th century but then collapsed in orld ar I however restarted in

orld ar II. 2hallon ,ylton 3'4)'5

Jamaica is a mi%ed economy with public sectors as well as private sector

businesses. 6a7or sectors of the Jamaican economy include agriculture# mining#

manufacturing# tourism and financial and insurance services. Tourism and mining

are the leading foreign e%change earners 86r. +rad -ittle 3'4415

2ome argue that globalization is a positive development as it will give rise to new

industries and more 7obs in developing countries. 9thers say globalization is

negative in that it will force poorer countries of the world to do whatever the big

developed countries tell them to do. The researcher will discuss the views of some

critics and if they agree that it is positive or not. -ater in this research the research

will identify some of these critics and clarify statements that others made


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"lobalization is a popular word that is often heard in news# television and on the

radio. It has become the $ey to economic growth in Jamaica. This is so as

esources of different countries are used for producing goods and services and

they are able to do most efficiently. Also consumers are able to get much wider

variety of products to choose from. In addition businesses and investors get muchwider opportunities for investment. In contrast however# due to globalization many

local brands and businesses in poorer developing countries such as Jamaica may go

ban$rupt and cant survive the economic ;might’ of these rich countries.


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“The adoption of a strategy of universal standardization appears naïve and over simplistic…

such an approach as a universal strategy in relation to all markets may not be desirable and

may lead to ma!or strategic blunders…. The design of an effective global marketing strategy

does not necessarily entail the marketing of standardized products and global brand

"orld"ide#. $p.%&'

The main point of the antiCglobalization perspective is pegged on the presence of

local variations in taste both in individual and shared scales this will effectively

influence decision ma$ing processes 3'44(5


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consequences of globalization is made comple% by its allCencompassing and multiC

dimensional nature and hence assessments have to assay a wide range of topics.

The impact of "lobalization has been ac$nowledged by the Jamaican "overnment

however the researcher is left to contemplate on whether or not they seethey see

how the negative impact drastically overwhelms the positive. If so# what are they

doing to lessen the negative impact of globalization!

0ata &ollection 2ources

To gather information of what Jamaicans thin( when as(ed the topic on

Globalization and to further add informative facts on the accuracy and

reliability of this research. The researcher made use of primary and secondary

sources of data collection.

0ata was primarily collected through the use of phone calls and te%t messages.

Esing the phone boo$# the researcher# using simply random sampling will dial and

or message ) person from every '4#444 seen from different parishes of Jamaica. In

total the researcher only wants forty 3(45 respondents to ta$e part in the research.

These (4 are of course# volunteers who without a doubt accepts to share their view

on globalization with the researcher. Twenty of those respondents were called and

the other '4 was visited at their home and given a Fuestionnaire. The questions in

total as$ed to each householder was a total of fourteen questions. These )(

3fourteen5 questions includes both open and close ended questions# B open

questions and )) close ended ones.

2econdary source of data was collected by the researcher through observation. This

observation technique allowed the researcher to acquire truthful answers to specific

question without having to rely on individuals in the study area.

The study of Jamaican "lobalization by Ale% /liss 3'4)'5 provided the

information for my questionnaire items. This source helped me to clearly have


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more $nowledge of this issue and pointed to my main method of investigating

"lobalization.

resentation )f $ata


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Factors Infuencing Globalisation

3conomy %eso!rces and mar4es "oliical echnoloy


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The table as shown clarifies the respondents view on "lobalization and its impact

on Jamaica’s economy. Hit shows positive and negatives5

0'005'00

10'0015'0020'0025'000'005'00+0'00

Neaive 37ecs /$ 8lobaliaion


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20%

23%

30%

28%

Age Of Respondents

15-20

21-26

0-5

+1-50


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icture *

2howing a few of the many changes caused by globalization# therefore this pictures

shows some Jamaicans reliance of bleaching their s$in to feel more American. In

contrasts# in the )144’s Jamaicans embraced their pigment. 0r 6artin -uther ing stated ()omebody told a lie one day. They couched it in language. They made

everything Black ugly and evil. *ook in your dictionaries and see the synonyms of

the "ord Black. +t,s al"ays something degrading and lo" and sinister. *ook at the

"ord -hite it,s al"ays something pure high and clean. -ell + "ant to get the

language right tonight.

+ "ant to get the language so right that everyone here "ill cry out (/es +,m Black

+,m proud of it. +,m Black and +,m beautiful0#


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1900:s 2010

20

+0

60

;0

100

120

1+0

160

3conomy since 8lobaliaion

Jamaicans Chinese .merica


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$iscussion )fof +indings

&ultural diversity refers to the interaction of people among the various cultural

bac$ground# race# belief systems# ethnicity and religion from all around the world.

This occurs through the freedom of movement among people from across national

borders.


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appealed to question number 1 where most of them answered economy. The

researcher thin$s most of them chose economy as nowadays Jamaicans are finding

it harder to get a 7ob after spending years in school.

9n our "lobal /%change study tour in 6arch# designed and led by ,anna Appel#

we interviewed farmers# businesspeople# police# human rights advocates#

community development leaders# and ordinary Jamaicans to ta$e the pulse of a

country in trouble. e visited potato farmer Jerry ,arrison who spo$e of the

difficulty of getting a farm load even at ''G interest for 2pringspring planting.

Jamaica was self sufficientselfCsufficient in potatoes in )1'# but has since been

undercut by foreign imports.


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,ibliography

0unn# ,. 3'44@5. "lobalisation from below: &aribbean cultures#

global technologies and the T9. In ". T. &hristine# L . Murse

3/ds.5# 1lobalization Dispora and 2aribbean 3opular

2ulture 3pp. )'KC)B(5. ingston: Ian andle.

Adulraheem# Nusuf. 3'4)@5. >Impact of globalization on

culture?www.academia.eduK@*B1K@I6=A&TO9


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-imitations

The researcher during this research encountered problems in the completion of this

research. These problems included not enough time to complete it# computer

shuting down and getting the questionnaires to reach across Jamaica with only at

most B days to return. 9ther problems was the penmanship of some respondents

which made it difficult for the researcher to analyze it.


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uestionnaire

,ave you ever heard the term "lobalization before!

Nes Mo

Globalization% /t describes the way countries and people of the world

interact and integrate. Globalization has many sides and can be economic0

political and1or cultural.

"ender


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0on’t now

"lobalization comes in many forms# which form is more prominent to you!

adio

Television

2ocial Metwor$s

ebsites

&an the government help lessen these negative effects of "lobalization!

I disagree 9f &ourse

6aybe 9nly the people can do that

hat do you thin$ about ;social’ networ$s!

aste of time They aren’t really social

0estroys our social life

hat are the main factors influencing "lobalization !

/conomy Technologies

esources and 6ar$ets =olitical

,ow would you define the impact of globalization on Jamaica

&ulture Eniqueness &ompetition

"lobal &ommerce

International Trade

Technology enewal


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International =roduction for 2mall +usiness

hat do u thin$ the "overnment can do to stabilize the negative effects of

"lobalization!

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