Globalization in the Caribbean

1571 Words May 2nd, 2008 7 Pages
Globalization refers to the emergence in the twentieth century, of a global community, whereby cultural, economic, environment and political events occurring in communities in one part of the world has quickly come to be significant to people in other societies.

The way in which technology has ‘evolved’ has resulted in an advance in communication, transportation, scientific discoveries, and information technology. These advances, which are the basis of globalization, have infiltrated and affected every possible nuance of Caribbean life, so that it is almost impossible to imagine life without them. Like all entities that change the world in which we live, globalization has both negative and positive impacts; in the Caribbean its positive
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There is also the related drop in transportation costs and the reduction in the loss of profits due to spoilage of goods, for example, fresh fruits and vegetables traveling form the Caribbean to Europe, because transportation methods has become speedier and more efficient.

There are several instances whereby globalization, or rather its components, are abused much to the disadvantage of smaller countries. In many circumstances, the disadvantages of globalization greatly out weighs and counteracts the advantages. The result is that these regions are adversely affected and economic, local and regional tensions are exacerbated and there is an increase in prospects and capabilities for conflict among nations of a region, as well as between regional nations and other countries. Globalization, then transforms from being advantageous to being a disruptive force in the Caribbean.

The Caribbean region and its respective economies are in a state that does not lend itself willingly to the entire globalization process. The downturn of global economy , the economic and social panic caused by the alarming rise in terrorist activity, the conflagration of countries such as those in Europe and
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