Globalization Is Defined As A Process Of Interaction And Integration Arising From The Interchanging World

1356 Words Oct 17th, 2014 6 Pages
Kyle Hutchens
Cultural Anthropology
Globalization Unit
October 17, 2014

Globalization is defined as “a process of interaction and integration arising from the interchanging world views, products, ideas, and other aspects of culture.” In other words, it is interactions and trade between people and other countries including governments.
There are many effects that come along with globalization, both negative and positive. Negative aspects of globalization start with non-economists and the wide public expecting the costs associated with globalization to outweigh the benefits, especially in the short-run. Less wealthy countries from those among the industrialized nations may not have the same highly emphasized beneficial effect from globalization as more wealthy countries, measured by GDP per capita. Although free trade increases opportunities for international trade, it also increases the risk of failure for smaller companies or countries that cannot compete globally. Additionally, free trade may drive up production and labor costs, including higher wages for a more skilled workforce. Domestic industries in some countries may be endangered due to comparative or complete advantage of other countries in specific industries. Another possible danger and harmful effect is the overuse and abuse of natural resources to meet new higher demands in the production of goods.
The positive aspects of globalization start with the proponents of global free trade saying…
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