Globalization and Resistance Media Journal - Annotated Bibliography Example

It was estimated that peak oil started in 2005 and would be boosted by the oil production from Iraq during the Iraq war. Companies were supposed to take advantage of this. However, some car companies such as the ones mentioned above failed to heed warnings about peak oil. The Prime Minister of Australia did not introduce mandatory standards for fuel efficiency. The continued manufacture of large cars that are not efficient on fuel has with time, proved to be the wrong strategy for those companies involved.

Since the global financial crisis, there has been a reduction in the supply of oil into the market (Ruppert 2009). This is the reason why these companies are losing business and closing down. The closure of these car manufacturing factories in Australia is a threat to globalization and it can be seen to be a form of resistance to globalization. Globalization thrives when there are economic integration and interdependence. Companies originating in one country and working or opening branches in foreign countries are great promoters of globalization.

The fact that global car manufacturers are closing their factories in Australia is a worrying trend for globalization. This move is a threat and a hindrance to integration, exchange of ideas, cultures, products, and world views. It is important to note that the existence in Australia, of companies originating in Europe, America, and Japan fosters the relations between these countries because there is an exchange in investment (Martenson, 2011). This can benefit globalization by boosting political relations as well.

The article shows that future oil depended projects might be aborted just as GM Holden closed down. Closing down projects and businesses because of reduced oil supply will resist globalization. In fact, the low supply of oil does not encourage global integration because it impedes free transport which would facilitate integration. The activities that bring people together around the world depend on oil directly or indirectly through transportation. The scarcity of oil means many people will not able to interact as usual (McBay, 2006).