Negative Effects Of Globalization

Globalization is defined in many ways. “Globalization generally refers to the expansion of global communications, growing social and political interdependence and the development of a planetary rather than national awareness among many of the world’s people (Anderson, 98).” The process of globalization is allowing people from all over the world be more interconnected with one another. The process is seen in many different ways. Our clothing is no longer made in the United States, today we look at the tags and see “Made in Indonesia” or “Product of Venezuela”. Many companies such as Microsoft, Nike, and Wal-Mart are reaching people in places that were not considered feasible markets only 30 years ago. Globalization has been a subject to controversy by both the richest and the poorest of countries. Outsourcing is a major point of negativity in this new interconnected world. Many jobs are lost from workers in the developed nations and sent to developing nations who will supply workers for less.

The trend of global economic development is to use foreign direct investment stimulate the economic development of the country and create an environment more conducive that improve the interests of investors and local industries.

What is globalization? Globalization is the process in which people interact with one another such as with other countries or societies. Globalization has been apart of the world since the first civilizations began to emerge many years ago. Many of the first civilizations consisted of hunters and gatherers in which they only focused on their ability to survive. As a result of this, they had little contact with the outside world, for they weren’t as intelligent or capable enough of exploring different societies. Throughout the decades, civilizations began to develop into becoming more resourceful and knowledgeable, because of how they gathered new technology and ideas from other different societies. Due to this, the civilizations’ chances of survival had increased because of the strong communication they had with each other. These strong and significant civilizations began to interact with one another through trade routes, by communicating, and through writing. The reason for this is because some civilizations lacked agriculture, resources, and religion/ideas.

Globalization has many effects on our economy but to understand globalization you have to know what it is. Globalization is known as the free movements of capital, products, services, people, information. and technology internationally. It was the best yet the worst move our country could have done to boost our economy. Globalization affects our economy on many different levels and without it, we would not have the economy we have today.

Globalization encompasses the entire world, from developing countries to countries creating cutting edge technology. Globalization affects anyone who, uses the internet, reads a newspaper, or even shops at a large store owned by a transnational corporation. This source states that globalization has negative effects on the people that experience it. The source specifically references toward social globalization, which is the spread of culture and ideas through many communication channels such as television or films. The source argues that minority cultures fall victim to the strong presence of american culture in modern globalization. Culture is perceived to be important as it lays the groundwork for one's views, ideals, and perspective on the issues that we experience. Minority cultures lose strength as transnational companies open fast food restaurants that serve american style food, which are more popular for young people to eat at. Another way a culture could be pushed aside by american culture due to globalization is through the internet. It allows music, ideas, and other media to be spread easily. Many people would agree with the source. Such as isolated cultures that once exposed to modern globalization, experience loss of people who identify with them and continue that way of life. Others would argue that globalization is a good thing. As it has allowed for the easier spread of information, which could lead to positive effects as scientific and medical discoveries could be shared with the world quickly. Another argument in favour of globalization would be the fact that it promotes the development of technology which can lead to more efficient machines and more lives saved as methods of retrieving clean water improve. The source suggests that a way to protect cultures from globalization needs to be pursued. We should partially agree with the source, as globalization does impact culture and forces american ways onto people that don't live in america. But it is important to keep communication channels open, as they can be beneficial through the spread of information on medical and scientific research, which can save lives.

Diversification and globalization are important to the wellbeing and financial stability of any country. These traits are valuable to both individual and group strengths. Understanding these modules can affect the way people or corporations manage their business affairs. To understand the importance of both diversification and globalization we must first understand their individual importance. Let’s first look at diversification.

Globalization is a process in which the world becomes integrated in terms of communication, culture, and economics (Goldstein 15). There are three hallmarks of globalization; ease of travel, expanding communications technology, and integrated markets (Goldstein 2). People’s interactions with each other are changing due to this process.

Globalization is a worldwide trending phenomenon for the past century that has affected millions of lives in many different ways. Cambridge English dictionary defines globalization as “the increase of trade around the world, especially by large companies producing and trading goods in many different countries” . Globalization has many facets and may have implications economically, socially, politically, technologically and culturally; it affects each country and individual uniquely. In essence, globalization is the integration of national economies: openness to trade, financial flows, foreign direct

Globalization influences many aspects of human life, it is a process of change, the process of collaboration and integration among the people and businesses of different nations, it is a process propelled by trade, investment and technology. The process of globalization has great purpose for bring people together and sharing ideas however, it has effects on the environment, culture, the economy, politics and the human population (Globalization 101). Globalization has effected the environment due to human productivity; cars, technology, mining, farming and the advancements of different products. Globalization has effected culture due to the diffusion of ideas, beliefs and values around the world extending the social relationships with people around the world. Globalization has also effected the economy in the assimilation and cooperation of local, regional and national economies around the world. Globalization has also effected the world of politics and the collaboration of different governments in political affairs and policies. Globalization has also impacted the human population due to the migration of people around the world, changes in birth rates and also in the rate at which the elderly are passing due to improvements in medicine. Although globalization provides societies with ways of interacting and sharing ideas; it is causing harm to our planet in the way of global warming. Globalization effects many aspects of life such as in culture, the economy, politics and the

Globalization plays a defining role in the expansion of society, both politically and economically. While globalization encompasses many different sectors of daily life, the negative implications of the practice, such as exploitation of workers, damage to the environment of the host country and cultural deterioration outweigh any rewards earned through the process.

Across the world, globalization is one of the most significant aspects that has occurred over the last fifty years. It allows a country to integrate economically with other countries through a global network comprised of people, trade, and transportation. With the global landscape only becoming more intertwined, globalization and its inherent pros and cons seem to be here to stay. In many areas, global powers tend to lack in rectifying the negative aspects and only focus on the positive side. America, for example, is a leader in the globalization efforts, even though it has greatly effected job opportunities at home, widening income gaps, and an increased standard of living due to fluctuating world markets.

Globalization plays an important role on the world and society today. Furthermore globalization is very arguable that it will induced cultural homogenization. Globalization can be simply defined by the process of cross culture between nation and nation or the process of international integration which actually mean the process of sharing ideas, cultures, concept and so forth between nations. (Appadurai 2000) and (McChesney 2001) they have a very different point of view of toward globalisation, they (Appadurai and McChesney)

par 1). These findings differ very much from those of the other two dissertations discussed above. Nonetheless, Goryakin et al. agree with Birdhan that the economic impact of globalization directly depends on the social and political situations within an economy. Many individuals are driven by global markets and its prospects thus giving them a chance to meet and embrace different cultures. Subsequently, they are forced to understand each other’s diversity and find new mechanisms to assimilate into a common way of life (Goryakin et al. par 4).

Globalization in a general view is causing changes in nature of the society which can bring new possibilities, also risks. The effects of

Oxford Dictionary defines globalization as the process enabling financial and investment markets to operate internationally and largely, as a result of deregulation and improved communications. Many countries export their own products and import products that they cannot produce in their countries. According to a 2010 Federal Reserve Bank of San Francisco report, approximately 35.6% of all clothing and shoes sold in the United States were actually manufactured in China, compared to just 3.4% made domestically (Kuepper, 2017). Many countries rely on the globalization of the economy for not only domestic economic growth, but also international economic growth. Some people think globalization tends to contribute to an unstabilized economy among people and nations. However, it creates several advantages for individuals and nations.