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Globalization Essay

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Abstract- Globalization has impacted nearly every aspect of modern life. While some U.S. citizens may not be able to locate Beijing, China on a map, they certainly purchase a high number of goods that were manufactured there. There is no set definition for globalization, there is also no clear answer to whether or not globalization is good or bad. There are examples of how globalization has helped a country greatly, but there are also examples of globalization causing harm to the growth and prosperity of the nation.
Introduction: The Positions of Globalization Globalization has several different perspectives. One may think that through globalization it will improve communication reducing problems such as poverty and unemployment. …show more content…

This results in globalization causing economic difficulties. This occurs because companies will now bring their goods to a country and charge a price that is cheaper than local businesses charge. This will cause local businesses to become obsolete since they cannot afford to lower their prices. “The irony, of course, is that globalization’s promise was based on the notion that trading partners become political partners, and that economic interdependence would eliminate the potential for political and military conflict (Annan, 2007, 43).” An example of this was between Germany and Britain. No degree of economic interdependence prevented the First World War. The fallacy of this doctrine is that trade precludes conflict. It also underestimates the pace of globalization and how it threatens the government’s ability to protect their citizens. The second reaction is resort to illiberal solutions. It is most apparent to newly liberalized nations with weak political systems, incapable of effectively reacting at a time of economic crisis. It was said that globalization would increase trade thus creating a more broad middle class. This was also seen to be an overly optimistic statement. The third reaction is politics of populism, leaders begin to propose forms of protectionism as a way to offset losses supposedly incurred by competition. “Their solution is for a battered nation to turn away and turn inward,

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