Effects and Prudence of Globalization

Globalization has had both a positive and negative impact throughout the world. An interconnectedness within the world where complicated issues can arise creating an unevenness that can contribute to a societies as well as the individuals happiness in life (El-Ojelli, 2006:p1). The negative impacts of

- Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world “borderless.” On the other hand, globalization is evil because transnational corporations exploit workers abroad, countries lose their own identities, promotes consumerism, destroys the environment and, most importantly, instead of improving a country’s society and economy, it actually creates more poverty.

When one or many speak about globalization there’s always a room for debate which lies three broad accounts of the nature and meaning of globalization today, referred to here as the hyperglobalist, the sceptical, and the transformationalist views.

Globalization is the process in which people from diverse cultures, societies and regions interact with each other and share their ideas. As we approach the broad concepts of globalization, it is necessary to promptly address the impacts of it on developed and developing countries. Globalization has affected every country and has led to some radical changes. It has had a direct impact on our daily life and has influenced our social norms, economy and political landscape. It has also provided an opportunity to people from diverse cultures to interact, which has led to a change in the way how people talk, dress and eat. The impacts of globalization are explored in "Globalization Has Harmed Developing Nations." By Lila Rajiva,"Globalization Benefits Developing Nations." By Steven Horwitz, “The Impact of Globalization in the Developing Countries” By Fairooz Hamdi and in “Globalization Benefits the World's Cultures” by Phillippe Legrain. These articles have analyzed the impacts of globalization on developing and developed countries rigorously. In short, I agree with Fairooz Hamdi’s viewpoint on globalization, which states that the overall positives of globalization outweigh the negatives and that Globalization will be beneficial in the long run.

“Globalization has had a profound impact on culture, largely through the existence of very powerful world information and communications system (Baker 66) leading to ethnocentrism not only on the global scale but also locally. This causes the unequal treatment of individuals of different races, ethnicities and cultural backgrounds, labeling

Globalization is one of the most discussed and controversial terms in modern history, while many people believe free trade drive global economic growth, create jobs, and lower prices for consumers. Contrary, others argue global cooperation mainly abuse, underpaid their employees lastly benefits from tax havens. Regardless of someone’s personal view, globalization is an ancient and profound system based on international strategies of which economic, political, and sociocultural relations are interconnected across long geographical boundaries. This Integration occurs as technological advances simplify and facilitated the trading of goods and services, the flow of capital, and migration of people across the globe. Lughod Provides a comparative

Those who are in favor of globalization claim that, because of globalization, our worldwide market is able to flourish. Having a worldwide market allows consumers to get goods from outside their own nation. Some claim that globalization helps us learn about other cultures. They believe that globalization helps the world become more tolerant because there is so much interdependence. At the root of all the benefits "globalization is a vital step towards both a more stable world and better lives for the people within it” (Liber, Weisberg, 2004, 274). Globalization is the bridge that unites cultures rather than separating them. It is undeniable that

We all live in a globalized world; due to technologies being rapidly made it has driven globalization. Now we are well informed about other countries across the entire world and able to communicate internationally. Globalization has created a framework for cooperation among homelands. Generally, it has affected our nations and, indirectly we, the citizens in various ways; economically, politically, and socially, however it is a fast integration and association of various nations, which shapes the world affairs on a global level. The concept of globalization is evident in the many difficult challenges that come with it, involving our cultural differences, and the regulating challenge of globalizations. The phenomenon of globalization has affected many cultures around the world, resulting in the Americanization of other nations.

Globalization, by definition, is, “the development of closer economic, cultural, and political relations among all the countries of the world as a result of travel and communication becoming easy” (untenable). Reading that might give the impression that everyone agrees and supports it, but that is not the case. Some people have expressed their thoughts as “‘globalization means Americanization’” (Friedman 575), which Americanization means to become an American or take in the customs and traditions of the U.S. Others are more optimistic towards globalization believing that it is both empowering and disempowering. Globalization, unlike the past, now has overwhelmingly positive and negative inclinations on the modern world.

Globalization has immense effects on our diverse economy. It is a controversial issue; some say it may mean development and prosperity for our country as it has led to faster access to technology, improved communication and innovation. Others say it has led to the destruction, misuse and overall end to individual cultures due to immigrants and tourism.

Globalization is an issue that has impacted the world for centuries. In a globalized world, nations and its peoples are connected in a multitude of ways, including by political relations, social impacts and cultural diffusion, and economic trade between countries. Those global connections produce both benefits and conflict that can affect the course of history. Throughout history, it has become evident there can be great advantages to social and economic globalization, but that the disadvantages of political globalization can be costly.

Globalization by definition means the tendency of business, technologies or philosophies to spread around the world, or the process of making this happened. Globalization depends on three keys of advancement, the role of human migration, international trade and rapid movements of capital. Globalization has many pros but yet also many cons that can have a deciding factor in an economy. Many people think globalization still favors the rich and it’s a detriment to countries who emerging in the world and does not have a stable or great economy. According to Bloomberg Business Week Globalization has said to have hit its peak in the year 2007, which ties into the unfolding of the Global crisis. Some Critics and

Globalization is multifaceted, affecting all features of life—cultural, economic, social, political and environmental—as well as the association between governments and countries of the five global continents. Globalization is described, in particular, by strengthen of cross-border trade and increased flow of foreign direct investment, promoted by massive rise of liberalization and advances in information technologies. Globalization can be seen as an evolution which is systematically rebuilding of interactive phases among countries by breaking down barriers in the areas of culture, commerce,

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.

Globalization involves "shrinking" or reduction of the world as well as an increased consciousness in regards to the world as a whole. Globalization is a term which is used in the description of changes in societies and the economy of the world which results in a dramatic increase in investment, cross border trade s well as cultural exchange. Globalization is dominated by nation states, economies of national and the cultural identities of nations. Globalization creates an interconnected world with a global mass culture which is commonly referred to as a global village (Egnatz, 2011).