Pro And Cons Of Globalization

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. According to economic and political writer Doug Bandow, “Some critics of globalization have contended that the process has helped the rich and hurt the poor. However, the best research indicates that this is accurate: ‘Poverty is falling rapidly in those poor countries that are integrating into the global economy.”. In both documentaries “The True Cost” and “Living on One Dollar” we can see how companies exploit their employees for consumer benefit, as well as the social and economic inequalities that are attached with globalization.

export capital (factories, jobs, resources) for production abroad (remember, you will want to concentrate on the ethics of this proposed action, rather than the political or legal implications) on

Globalization describes the interdependence of nations, the opening up of markets through the removal of trade barriers, foreign direct investment, and enhancing of technological communications. Moreover, it is the shift towards the

A. Globalization is a major factor that influenced economics not only within the U.S. but other countries around the world. It has both pros and cons associated with it. Initially it affected the Americans in a negative way after 30 million Americans lost their jobs to outsourcing. It affected the lower and middle classes regarding financial stability, health care, affordability of higher education, and being able to provide basic needs. We are failing our own society if we cannot help our people afford the basic necessities of life. It is disheartening to read about Company CEOs personally increasing their own pay with a ratio of $525 to every $1 for workers. We know disproportionate pay is still an issue in the economy, but it is disgraceful

The continued accelerating pace of change in globalization is forcing an entirely new level of emphasis on individualized, highly targeted marketing across the many regions and countries of the world. Global marketing today must contend with a wider array of constraints, both economic and cultural, that as ever been the case in the past (Gupta, 2003). These constraints fuel a high level of creativity and focus on how to overcome cultural and economic constraints through rapid product development lifecycles, exceptional levels of supply chain integration (Wu, 2011) and greater focus on relationship market over just selling with a transaction mindset alone (Hansen, 2008). The pros and cons of globalization of form the foundation of today's highly competitive global marketing arena, forcing many companies to be more focused on the strategic and long-range over the tactical while compensation for a rapidly changing cultural mix of factors (Osland, 2003). The pros and cons of globalization are evaluated and the unique factors of global marketing also analyzed.

The phenomenon globalisation can be thought of as an integration of economies, industries, markets and cultures. Globalisation is the connectedness of our world. Advanced and modern communications have made it possible for national and regional economies to combine with one another and trade freely. Globalisation is particularly common amongst capital markets and commodity markets. This phenomenon can be known as a great deal of things as globalisation can be seen as more than just “a way of doing business” but can viewed as a process, a process that allows our world to communicate and trade products.

Globalization is a term that is not familiar to most people. However, globalization is a process that is going on all around the world. The root word of globalization is “Globe”. In the Merriam Webster dictionary, the term is defined as the act or process of globalizing; the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. In other words, globalization is the movement and distribution of goods and services on an international scale. Goods are tangible products like food, clothes, and cars. Tangible products can be held, touched, and tasted. Services are intangible products that cannot be held in your hand, such as social security, education, and traveling. Globalization prospers when free trade and free market of capital are available to companies and corporations. Globalization is important because no country can produce all the products that their people need and desire. Global trade enables countries to produce and sell goods and services for themselves and for another mutually benefited country. Globalization has many pros and cons, however, it is driven by free market capitalism, businesses, and diversity.

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

According to the traditionalist, there is a “nationalistic backlash in politics” given that only some societies get to partake of the benefits of interdependence (Roeder). As multinational corporations enter the economies of underdeveloped countries, many begin to feel threatened because they can’t compete against these corporations. Globalization is making the rich get richer at the expense of the poor, as they attain access to cheaper labor and raw materials. People are losing their jobs and business internationally and domestically. It comes as no surprise that globalization is resulting in violent response as people try to stop globalization from tearing their own lives and societies. Many countries are prone to pointing fingers at the United States for all the social and political unrest in their local communities given that the new actors are under the Western influence, resulting in further unrest (Roeder). “Today millions in the developing world support anti-market and sectarian values reflected in support for enthnofacism, sectarian murder, and fundamentalist religions- anything that offers psychic comfort in the face of volatile social anarchy” (Mousseau 27). Terrorist will most likely use the people’s resentment to globalization and foster it to attain higher power that can justify their motivations through terror.

With globalization comes migration, as people choose to immigrate from one place to the other in search of better opportunities. Because of globalization, nations attempt to homogenize their diverse population, with disregard to individuals own cultural ties. The backlash of this disregard causes violent civil conflict, as differing cultures branch out and mobilize for their own cause.

There are many disadvantages and advantages of globalization. Globalization has become an economic trend across the world. Although Globalization is not a modern theory it’s been the saving grace of many companies in the twenty first century. Globalization has existed forever, we have many historical examples of globalization. England’s earlier history proves this, the war with China and England began over Globalization, the English want to trade and infiltrate the Chinese Economy but china refused back them several challenges hindered the integration, England didn’t respect and value China's tradition and values and all this led to a war, fortunately now, China trades with nearly half the world. Another historical event is NAFTA.

Globalization what is it? What are the advantages of it? How does it affect our everyday lives and the world around us? The term globalization can be defined as the act of a business in which it can bring different people, ideas from different places in the world in the hope of opening the range of the business on a wider global scale. This process is very profitable and widely advised to all businesses around the globe to expand. Globalization has brought people from different parts of the world together, has the potential to make people rich and is eligible to establish developing nations.

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.

There are two aspects reason that give rise to globalization. First, with opening up new lane in past of centuries, the world of every country frequently communicate more than before. New vehicle and communicate way offer fundamental technological means for globalization. However,

Globalization is the accelerated increase in activity in International economy. It is an anomaly in regards to economics and communications. However, it does influence politics. “At its heart, globalization is built on the twin pillars of capitalism and high- tech communications”. (Riemer, Simon, & Berry 2016). The most evitable characteristic is the large increases in economic integration and interdependence in trade, banking, transportation, and investment. The trade figures alone are staggering. International trade such as merchandise exports has steadily increased after World War II (Riemer, Simon, & Berry 2016, p. 317). However, with all the benefits globalization provides countries of the world such as increased economics, culture, work ethic, and increased communication it does come with disadvantages such as increasing unemployment in developed countries, increasing trade deficit in developed countries, and terrorism (Reddy & Vyas, 2004).