Analysis of the Pros and Cons of Globalization

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. According to economic and political writer Doug Bandow, “Some critics of globalization have contended that the process has helped the rich and hurt the poor. However, the best research indicates that this is accurate: ‘Poverty is falling rapidly in those poor countries that are integrating into the global economy.”. In both documentaries “The True Cost” and “Living on One Dollar” we can see how companies exploit their employees for consumer benefit, as well as the social and economic inequalities that are attached with globalization.

Globalization refers the integration of global economies, societies and cultures through the communication, transportation and trade throughout the world today. During the period when it first started many questions raised whether is globalization is good or bad. It has played in many roles such as economies, culture religion and technology. Globalization is the increasing independence of world economies resulting in the growing of cross-border trade, stock marketing and many more as rapid spread of technology is in place. It shows the market expansion has really shaped our world to what it is today and it is an unchangeable thing that has been introduced in our world vesting from international economic development. In economy, globalization is playing a significant role to make advancements in the current world we live in.

export capital (factories, jobs, resources) for production abroad (remember, you will want to concentrate on the ethics of this proposed action, rather than the political or legal implications) on

A. Globalization is a major factor that influenced economics not only within the U.S. but other countries around the world. It has both pros and cons associated with it. Initially it affected the Americans in a negative way after 30 million Americans lost their jobs to outsourcing. It affected the lower and middle classes regarding financial stability, health care, affordability of higher education, and being able to provide basic needs. We are failing our own society if we cannot help our people afford the basic necessities of life. It is disheartening to read about Company CEOs personally increasing their own pay with a ratio of $525 to every $1 for workers. We know disproportionate pay is still an issue in the economy, but it is disgraceful

If you were to travel anywhere in the world and ask their people what “McDonalds” is, the likelihood of that person knowing the renowned food chain is skyrocketing by year. This is because of Americanization, which is basically the spreading of American cultures and traditions. Americanization is one of the biggest parts of globalization to date. Globalization is the idea of countries getting more and more involved with each other; becoming more and more interconnected. Essentially, increased globalization has a severe impact on several different aspects of general life, but overall, the effects are far more positive.

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

In today’s world of constant change and technological advancements, it is imperative that marketers stay up to date and ready to tackle and challenges. Companies are battling neck to neck in order to make sure the products they offer are available and in the consumers mind. Not only do they have to be concerned about the local target audience. Now the reach is worldwide and the target audience can be a eclectic mix of races and cultures that demand the same product in many different ways. So the challenge faced by marketers is how to satisfy that audience. Looking a various examples, it is clear that while this is an attainable goal, it is not easy. Marketers can

Globalization is a term that is not familiar to most people. However, globalization is a process that is going on all around the world. The root word of globalization is “Globe”. In the Merriam Webster dictionary, the term is defined as the act or process of globalizing; the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. In other words, globalization is the movement and distribution of goods and services on an international scale. Goods are tangible products like food, clothes, and cars. Tangible products can be held, touched, and tasted. Services are intangible products that cannot be held in your hand, such as social security, education, and traveling. Globalization prospers when free trade and free market of capital are available to companies and corporations. Globalization is important because no country can produce all the products that their people need and desire. Global trade enables countries to produce and sell goods and services for themselves and for another mutually benefited country. Globalization has many pros and cons, however, it is driven by free market capitalism, businesses, and diversity.

The world is expanding impacted by Multination Organization and worldwide brand. These days, the possibility that globalization produces victors and failures are broadly acknowledged. The champs and washouts from globalization can isolated into two general classes. One is creating nations and the other one is produced nations. In this exposition I will demonstrate there are huge a greater number of champs than washouts in globalization. The created nations or creating nations all are being profited by globalization.

The Twentieth Century was a period of great change in the world. Throughout it, there were revolutions, world wars, and the rise and fall of empires. Yet still, in part due to the changes, the globe grew closer. Not only were the lives of individuals change but entire countries became interdependent. Some of these processes were positive and others negative but all helped the world to become a global community. During the Twentieth century, the world became much more interconnected. Industrialization, imperialism, and the globalization are the three most important processes that contributed to the formation of the twentieth century.

With globalization comes migration, as people choose to immigrate from one place to the other in search of better opportunities. Because of globalization, nations attempt to homogenize their diverse population, with disregard to individuals own cultural ties. The backlash of this disregard causes violent civil conflict, as differing cultures branch out and mobilize for their own cause.

Many researchers are discussing benefits and negative consequences of the globalization. The only one clear answer for the question “Is globalization good or bad?” does not exist. It really depends on the features of life in a particular country. Or, do we have to analyze the benefits for only special social groups? The first concept of globalization and free trade was to allow all the countries to live like one family where the members helped each others financially, by natural resources, services or information. Although it is a good idea, in the modern reality this form of globalization cannot exist. Unfortunately, parties on modern globalization process tend to maximize their own income does not care about general prosperity and equal human rights. Being fully involved in globalization process can be dangerous to the US economy and social life. Moreover, it contradicts US Constitution and vision of America as a country with equal opportunities for each person.

Globalization is the process of development on an international scale as well as the interaction among people, exchange of ideas, companies, cultures, government and many more around the world.

According to the traditionalist, there is a “nationalistic backlash in politics” given that only some societies get to partake of the benefits of interdependence (Roeder). As multinational corporations enter the economies of underdeveloped countries, many begin to feel threatened because they can’t compete against these corporations. Globalization is making the rich get richer at the expense of the poor, as they attain access to cheaper labor and raw materials. People are losing their jobs and business internationally and domestically. It comes as no surprise that globalization is resulting in violent response as people try to stop globalization from tearing their own lives and societies. Many countries are prone to pointing fingers at the United States for all the social and political unrest in their local communities given that the new actors are under the Western influence, resulting in further unrest (Roeder). “Today millions in the developing world support anti-market and sectarian values reflected in support for enthnofacism, sectarian murder, and fundamentalist religions- anything that offers psychic comfort in the face of volatile social anarchy” (Mousseau 27). Terrorist will most likely use the people’s resentment to globalization and foster it to attain higher power that can justify their motivations through terror.

The world now has taken a complete shift to globalization. The rise of the globalization has come about because of the acceptance of the free trade and the many regional associations which are promoting trade across the national boundaries. The shift has provided new growth opportunities for companies who can now make profits beyond imagination. One great example which has benefited from globalization is Coca Cola. The foreign markets can provide a great opportunity for the companies than the local markets. There are different levels of internationalization of the businesses. The internationalization of the business creates new complexities for the businesses and hence they