Positive And Negative Aspects Of Globalization

I believe globalization has brought forward positive aspects as well as negative aspects equally. However, the positive effects for one country can also result in a negative for another. Here are a few examples of how I see this happen, through globalization many economic opportunities are provided, this increases the standard of living for many; however these benefits are not worldwide and we continue to see that the wealthy are getting wealthier at the expense of others. Globalization benefits consumers by providing the best price possible through outsourcing goods around the world; this, however, takes business away from local companies and leaves many people without a job. Globalization provides knowledge of what is happening around the world through the advancements in technology and through the media making aid available in times of need and acknowledgment of the issues happening worldwide. The advancement in globalization has provided worldwide travel

Although some may say globalization does more damage than productivity, the initial intention of globalization was to limit international trade laws. International trade laws are rules that govern the relationships of nation states for regulating their domestics market in relation to international trade. In Today, economists agree that globalization not only benefits the United States, but the worlds’ economy also. Globalization makes markets more productive by spreading wealth, increasing competition, and limiting military conflicts (Kuepper 1).  Globalization benefits other countries as well as the United States. Countries have access to trade which means they have

I believe globalization is somewhere in between of having a positive or negative impact on the world. Just like the old saying “too much of a good thing can be bad for you” the key to everything in life is balance and excess might harm you. Furthermore, both sides of globalization have compelling arguments on the positive and negative effects of globalization, furthermore different countries and cultures would have different opinions in regards to how they have been affected by globalization. In this assignment I will look at the positive and negative views of globalization to further prove that globalization ultimately falls somewhere in between as being positive or negative.

Globalization is effectively removing the national boundaries for economic purposes. National boundaries are becoming penetrable for goods and capital because of cheap labor. (Shaw, 2016, p.186). Globalization has both advantages and disadvantages. By transferring the domestic manufacturing jobs to foreign countries such as Mexico or in Asia, Americans companies are bringing cheaper consumer goods. It creates the unemployment’s also the foreign employees are getting lower-wages. (Riordan, M., 2016, NY Times).

Is Globalization ultimately positive or negative, or somewhere in between? I believe it depends on who you ask the question, and how it affects their life. For myself, I can’t get passed the negative way it has impacted my life and others around me in the same situation. Those of us who have lost our jobs and livelihood and are now labeled as “the long term unemployed” have seen our jobs eliminated and outsourced overseas; find it hard to feel positive about globalization. Watching families lose their homes and children going hungry is a disgrace considering we are the greatest country in the world. Maybe we are our own worst enemies to a degree. The collapse of our economy is

Globalization is slowly causing the world to expand its trade borders to help link together countries around the world in order to avoid isolating themselves economically. Nations are starting to rely on foreign trading because "the more trading that takes place, the more wealth is created, and global trade across international frontiers has created more wealth than ever before in human history, and [has] helped lift more people out of mere subsistence than ever before." (Pirie, Globalization). The extra wealth generated by globalization has brought an increase in employment in the service sector, which provides for many of the new jobs needed. Globalization helps countries of all economic ranges to be able to succeed in the global economy by allowing them the opportunity to use foreign resources in order to succeed. Poorer countries are able to succeed by providing labor that is cheap, causing foreign countries to invest in the country, which in turn allows them to earn enough to stay out of poverty. It benefits wealthier countries as well because the money saved from importing cheaper foreign goods allows consumers to maintain a higher standard of living. Globalization also forces firms to become more efficient in order to compete with other foreign firms to succeed. However, not everyone believes that globalization is a good thing. A group called the International Forum on Globalization believes that globalism "[benefits] transnational corporations over workers; foreign investors over local businesses; and wealthy countries over developing nations."(Hoppough and Meredith, 398-399). But if this were true then the local businesses and local people in the developing nations would have no reason to ever attempt to trade outside of their borders. The reason that globalism is able to even work is because the local

The negative effects of globalization come like a fringe with its advantages. As countries companies and consumers are benefitted through globalization process, it is also bringing some disadvantages for them.

The term ‘globalisation’ is commonly used to describe a modernisation and capitalist expansion, that entails a variety of economic, cultural, social and political changes over the past 50 years, that have shaped the world today (Guttal, 2007, pp. 524). An important aspect of this concept, is the rapid increase in transnational movements of goods and services, and the weakening notion of national and geo-political borders. Not only has globalisation created economic prosperity but also a large flow of trade and knowledge. However, this modern system has also formed many issues for national security. The weakening of state boundaries has allowed the development of new threats and challenges, such as; weapon proliferation, environmental

Globalization refers to the growing Independency among events people and government around the world that increasingly connect through trade expansion communication transportation and computer network a situation that leads to some benefits but also leads to intensify an equality of wealth and income only the elite at the upper end of the occupational hierarchy have been spared the pressure of an increasingly brutal wage compression Globalization emphasizes free trade and deregulation as corporations with the look for locations with the cheapest labor the least number of Labor's and the fewer in environmental and other regulations' globalization policies can lead not just to any inequality between counties but also the inequality within the country because of job losses stagnating wages or a greater benefit to those at the top globalization has led to an expansion in pain and social injustice as measured by the higher rates of disease poverty and hunger.

The Twentieth Century was a period of great change in the world. Throughout it, there were revolutions, world wars, and the rise and fall of empires. Yet still, in part due to the changes, the globe grew closer. Not only were the lives of individuals change but entire countries became interdependent. Some of these processes were positive and others negative but all helped the world to become a global community. During the Twentieth century, the world became much more interconnected. Industrialization, imperialism, and the globalization are the three most important processes that contributed to the formation of the twentieth century.

Globalization101 describes globalization as a “process of interaction and integration” of different commercial and governmental entities “driven by international trade and investment and aided by information technology”. The Globalization process itself, is not restricted to trade issues alone, but the impacts of the exchange of goods and services on, the environment, culture, political systems, and economic development. (What is globalization, globalisation101)

Within the last few decades technology has been progressing at an extremely rapid rate resulting in globalization becoming far more relevant in our lives. Whether or not globalization is a beneficial thing for the world has become a frequently discussed topic in the world today. Globalization is the increasingly closer integration of countries and peoples of the world brought about by the enormous reduction of transportation and communication costs and the breakdown of barriers to the flow of goods, services, capital, and knowledge (Ehrenfeld). Communication costs specifically have gone down significantly in the recent years making the topic more prominent in daily discussions. There are many critics of globalization who view it as an evil in our society, but despite the drawbacks that come with it there are benefits that heavily outweigh them. Globalization has been seen as an issue, because it has resulted in the outsourcing of many jobs in developed countries. Although it has resulted in many jobs being outsourced, countries that are still developing now have opportunities for new jobs (Josephson). New job opportunities in developing countries allows for higher standards of living, more competition between workers which boosts productivity, and helps people get out of poverty. From a universal perspective it is a wiser decision to provide jobs to the countries that need them far more than already developed countries as the jobs being outsourced are manufacturing jobs. There are many people who cannot support themselves or their families, because they have do not have a job or any income, because they live in undeveloped countries. In a globalized world jobs are outsourced to undeveloped countries which allows those who are less fortunate to get a job, and provide for their family.

According to the famous economist and philosopher Adam Smith, Christopher Columbus’s discovery of the Americas in the search of spice was one of the most important events that led to the ‘globalization big bang’ (O’Rourke & Williamson, 2000). The discovery led to a more interacted and integrated world through trade, cultural infusion, colonization, and the exchange of ideas and goods not only in the 1400s but also in the world today. Globalization played a huge role in forming the world today. It demonstrated its power through both positive and negative impacts on the society, culture, economy, politics, environment, and lastly, religion. The success of the transnational corporation, Google, was one of many evidences that revealed the influence of globalization. Ever since Google was founded in 1998 by Larry Page and Sergey Brin, it grew exponentially over the last 19 years. Today, Google employed more than 60,000 workers in 50 different nations and influenced the lives of billions of people across the globe. The company launched hundreds of products from Google Search and Chrome to Google Home (Google, n.d.). So, how does Google relate to globalization? As a transnational corporation, Google demonstrated the importance and positive and negative influence of globalization through labor, global governance, and trade.

around the world. Many of the goods and services we buy here are imported from

Economically, many positive effects come along with globalization. The co-dependence with other nations leads to the success being shared among the nations. The nations will generally want success for other countries so that they can feel the reward also. This outcome leads to a more effective market and it creates a balance between producers and consumers, which is why the equality of goods and services often goes up as a result and prices tend to go down. Stabilized security of the economy depends largely on another country’s economy, which is why it is difficult to see countries coming after one another. This increases security around the world by putting a stop to many financial issues because the countries go off of one another.