Globalization and it's effects on Hawaii Essay Example | Topics and Well Written Essays - 1500 words

Globalization and it's effects on Hawaii - Essay Example Being an island nation, Hawaii has always attracted tourists from among all regions of the world and it has remained their main source of revenue. Globalization has also facilitated transnational â€Å"capital flow, transportation, tourism† and other kinds of alliances amongst nations, which played a major role in boosting Hawaii’s economy (15). Thus, the phenomenon of globalization, on the one hand, has accelerated economic and technological developments in Hawaii, but, on the other hand, it has had devastating effects on its environment and ecological balance as well as reduces the employment opportunities of local population. The capitalist philosophy that the elimination of national boundaries and the â€Å"rational operation of the free market† nourish prosperity does reflect on the economic growth of the island nation (Sheppard 308). In early days, agriculture has been one of the main resources of Hawaii but â€Å"sugar transformed† the nation initially as an industry based economy (Firth 183). Subsequently, falling in tandem with the trends of globalization, the Hawaiian outlook further changed from an agricultural society to a service based community primarily gaining strength from the exponential growth in tourism and allied industries. This transition, characterized by the emergence of â€Å"new market forces† coupled with the â€Å"new technologies of transport† has further accelerated the economic development of Hawaii (179). Similarly, â€Å"economic globalization† can have several positive outcomes for countries, in terms of enhanced quality of life, as can be evidenced from the progress that Hawaii has made in various aspects (Globalization and Environmental Sustainability 259). In addition, the liberalized policies of immigration, and the ease with which it can be processed as a consequence of globalization,