Essay Globalization and Canada

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Globalization is the process by which a business or company becomes international or starts to operate on an international level. Globalization does not benefit the majority of the world’s population, including Canadians, and is slowly growing to increasingly deadly proportions. It benefits the wealthy, which are but a minority in comparison to the rest of the population, and leaves the impoverished ones out of the loop. The unsteady flow of invisible money running in and out of countries has our markets operating like roller coasters. Globalization renders our government powerless and leaves them at the mercy of foreign investors. The negative effects of globalization far outweigh and short term gains.

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This three trillion dollars flows in and out of countries based on trade rumours or a sixth sense. It was this instability that caused the crisis in Mexico in 1994. As companies become more international in scope, they are free to move operations quickly from country to country based on local conditions, greatly improving their power against local governments, businesses and workers. This is turn severely reduces government regulation of trade, investment, labour, health and safety, and the environment. Government spending would indeed be slashed, especially in the areas of social services. Devalue the currency in order to make exports more attractive and weaken labour to make wages “competitive”. The pursuit of the almighty dollar has lead Mexico into ruins and who’s to say it cannot have the same disastrous effects on Canada.

Threat to Environment One Mexican president stated that globalization is healthy and positive as long as it benefits everyone. He states, “ C'est à mon avis une occasion extraordinaire pour les Amériques de travailler ensemble. Mais il faut s'assurer que tout le monde soit gagnant: en tout premier lieu, que cela respecte des valeurs universelles.” However, this is not always the case, as globalization allows for first nations, such as Canada, to continue bullying developing nations in need of help. Due to lack of desirable resources such as skilled labour or advanced technology, a third world’s biggest resource ends up being
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