GLOBAL TRANSFORMATIONAL LEADERSHIP Journal of Research Initiatives 4
economic downturn, the World Bank and marketing downfall has a domino effect of failed
economic crises globally.
Regulations and guidelines from the World Bank and the International Marketing and
Purchasing Group (IMP) which originated in the United States near the turn of the 20
th
century
had a huge influence on the global economy policies exasperating the debt levels and poverty of
non-western nations. In Ellwood’s 2010 Globalization, the IMF policies that assign quotas to
countries relative to their wealth position in the world’s economy shows how the western control
over global monetary policies, trade and economic affect globally. These policies affect the
economic and political enterprise system for the major, mostly western powers of the world. In
essence, the power and influence is prevalent world-wide and controlling the world. World trade,
the political and economic systems of globalization can be powerful forces that dictate access to
resources, and national wealth. Thus, globalization is a powerful process in which world-wide
inequalities, devastation and poor living conditions are created.
The role of the IMF (International Monetary Fund); the World Bank; GATT (trade and
tariff regulations); and WTO (World Trade Organization) control the policies and guidelines that
rule economic, trade and financial globally (Ellwood, 2010). Even though there have been gains
in India, China and Asia, globalization continues to be a powerful influence that produces
extreme poverty for over half the world’s population (Robinson, 2010). In the chapter, Corporate
Century, an account of the emerging global economy is unmasked (Ellwood, 2010). The
combined sales of the top 200 corporations is 18 times more than the total annual income of 1.2
billion people living in abject poverty worldwide which is 24% of the world population
(Hofstede, 2010).
In Ellwood’s 2010, No-nonsense to Globalization, the impact of transnational
globalization power that influences social, environmental and economic consequences transcends
cultural and local socio-cultural factors. Local cultures are marginalized and devalued through
the westernized corporate push of globalization. Family and community values are disintegrated
and the socio-cultural relationships of traditional cultures are replaced by the westernized
cultural economic dominance of nation’s world-wide (Ellwood, 2010). Issues related to cultural
influences and impact of national/ regional /ethnic/and linguistic affiliation; social class and the
effects of transnational globalization on culture and nations (Hofstede, 2010) are essential in a
study of globalization.
From a conceptual point, culture encompasses belief systems imparted to all from
birth (Cabrera, 2012). Thus, the behavior of people, is the smallest part of culture Therefore,
Culture is the values, beliefs, ideologies and philosophy by which we formulate our worldview
and perspective on people and life which determine most behavior (Bueno, 2012). The
acceptance and awareness of culture and belief systems on a global level will assist in
developing an overall awareness of the influences and power structures both western and non-
western beliefs that shape the world (Bueno, 2012). The video on Celebrating Cultures provides
a message of acceptance and a worldview that is unique to everyone’s culture (Cabrera, 2012).
In reviewing existing literature, leadership as well as digital media on globalization, leadership,
and the impact of change, it is possible to formulate a frame of the effect of globalization on the
entire nation (Black welder 2012). One source of salient information concerning world issues,
globalization and the impact of western influence on the rest of the world can be found in the
video clip on challenges the world faces globally (Taylor, 2010).
In a study conducted by Ellwood (2010) and Etzioni (2004), a redesign in the policies and
guidelines for world economic, political and social considerations for mankind are examined.