Losers and Winners of Globalization Essay

For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise). Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies

Globalization’s impact on sustainable prosperity is examined in the source. It does this by asking a question. Also examined is the impact on all people and this would include both developing nations as well as developed nations. The source is also somewhat leading the reader to question the extent of the impact, which implies that there is a positive impact on sustainable prosperity. Also the fact that it states, “for all people” implies that all people benefit. While globalization may contribute to sustainability to a limited extent or in certain circumstances, on the whole, globalization degrades rather than builds sustainable prosperity. This will be explored through looking at globalization’s systems and forces, specifically consumerism, the media and transnational corporations.

That this was also the decade in which globalization came into full swing is more than a minor inconvenience for its advocates” (Rodrick). If globalization is supposed to present an advantage to developing countries, why have there been so many setbacks? Indeed, both sides will have its winners and losers regardless of which side of the development coin they live on, but for the most part globalization has lifted millions out of poverty, improved the standard of living, and increased life expectancy rates all while keeping developed nations relatively competitive to their developing counterparts. Globalization’s value is that it seeks to create an economic equilibrium in the world, where parties are free from barriers and can benefit from one another through a more efficient allocation of resources. This allows all participating nations to contribute to an integrated economy and where all nations willing to embrace globalization have the potential to benefit. Regardless, the path to successful integration to the global economy has not always been easy. There is contention towards globalization as some argue that it is detrimental to developed nations, while many developing countries that were forced to hastily open up their markets and integrate failed. However, if implemented properly, globalization has proven that it can benefit all parties involved and that the potential gains outweigh the losses.

The term "globalization" is defined as "growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology. All definitions appear to agree that globalization has economic, political, cultural, and technological aspects that may be closely intertwined" by the International Monetary Fund . "Benefits" is defined as "advantage or profit" and "cost" is defined as the "effort or loss necessary to achieve something" by the Oxford dictionary of Current English.

In the period of historical globalization, a lot of horrible events had happen and many people have suffered, also lost what they had such as land, culture, languages, family, freedom, and dignity. Like the Rwanda incidents, Apartheid Law in South Africa and the incidents in Residential Schools in Canada. Although those things had happened, they still survive and right now is rebuilding and moving forward to not let it happen again with the little help of NGOs. In my opinion, Contemporary society has done enough to respond to the legacies of historical globalization. Moving forward and start making a better future is the only answer for those horrible events from repeating itself.

His rosy view of globalization at the beginning of the twentieth century is also naïve in that it downplays the role and the potential strength of nationalism, especially during times of crisis, and refers to military spending and arms buildup as “economically futile” rather than as dangerous but necessary, as they in fact were.

     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

The world we live in today is going through enormous changes in economics, technology, culture, politics, etc. The effects of the changes are not so clear, since it is hard to predict how each sector would affect the other and how society will be affected. However, analyzing past and present occurrences provides some information for experts to interpret society’s reaction in the future to different transformations. Globalization can be seen as a process in which societies around the world come together and expand through the combination of different forces. This paper will explore the effects of globalization on US companies, US society and economy, and the implications for other countries in the post-industrial world.

While there have been many winners from economic globalisation, there have also been and will continue to be many losers. There have been many losers including most third world countries, the environment and ironically even most western countries. The primary loser from globalisation has been the developing countries, who have supplied the labour and raw material necessary to fuel globalisation. In many third world countries, globalisation has had the negative effect of creating sweatshops, where workers are paid low wages to do hard manual labour in often poor conditions. These sweatshops are run by

In Thomas L. Friedman’s “Globalization: The Super-Story”, he examines the features of globalization from various aspects and how it helps people better understand 9/11 events. He claims that globalization is the new improved system formed in place of the old “cold war system”(102), and through the patterns of which, people observe today’s world in an integrated way. Simple short phrases, organized structure, colloquial language, and punctuation are techniques Friedman uses to create a reader-friendly, convincing essay. To begin with, Friedman uses simple short phrases to emphasize his points. He starts with an enthusiastic term “big believer” (102), which establishes the colloquial

To what extent is our understanding of economic globalisation challenged or expanded by analysing the lived experience of global processes.

Supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty. But the opponents general complaint about globalization is that it has made the rich richer while making the non-rich poorer. “It is wonderful for managers, owners and investors, but hell on workers and nature.”

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

Political conflicts are standardly divided into three categories: conflicts of interests for limited resources, ideological conflicts involving rival-rights claims and the collision of opposed identities each seeking recognition. (p103) The first category of conflict might be encountered almost in all societies, whether rich or poor, advanced or less-advanced, because the problem of wealth distribution and resource scarcity is eternal and global. It used to be a major problem even in developed countries during Marxism’s heyday, but it is less so in the age of globalization. However, it is with the last two categories that we are mostly concerned as they constitute the main sources of polarization and are more pertinent to the purposes of my thesis, even though the factor of scarcity should not discarded as it might belie other tensions. Behind divergent interests usually lie different ideologies and identities that people are unwilling to trade. Here conflicts tend to be of what Albert Hirschman calls the ‘either/or’ sort of competing moral principles, and hence unsuited to simple solutions.

“Globalization is today's reality. Like it or not, the move to a world economy is a fact of life. At some point in the 1990s the process achieved critical mass and people started to sit up and take notice. Many were apprehensive.