Pros And Cons Of Globalization In America

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.

In the view of a supporter, globalization means a taste of culture, access to goods, more choices to choose from, and boundless opportunities in cooperation. Towards opponents it is social injustices, exploitation, and terrible working conditions that causes people to go against. Over time income inequality has been growing a distance over the years. There are debates and arguments to this day about the income inequality. Within the nation, opponents are voicing that “freer trade and investment allows international companies to close the factories in high wage”. While the low waged/ developing nations are moved leading to the increase in wage in both blue collar and white collar. In between nations, there are claims of whether globalization

Economic globalization alludes to the expanding reliance of world economies because of the developing size of cross-outskirt exchange of items and administrations, the stream of universal capital and wide and quick spread of advancements”. (“ http://www.un.org/en/development/desa “). The quick developing importance of data in a wide range of beneficial exercises and marketization are the two noteworthy main thrusts of financial globalization. Economic Globalization is the expansion in exchange and capital exchanges crosswise over national limits. There are the two upsides and downsides of globalization. The advantages incorporate more prominent rivalry, bring down costs, economies of scale. While globalization can likewise abandon a ton because of the pace of the advance, this gives more influence for wealthier and more effective multinationals. They can dodge and sidestep charges while expanding costs on products. A benefit of globalization is about the efficiencies and openings, open markets make. Business can impart productively and successfully with their accomplices, providers, and clients and oversee better their provisions, inventories, and appropriation organize. Neighborhood dealers can pitch products to remove spots/areas at an indistinguishable speed from if they somehow happened to offer in their unique nation. Economic Globalization isn't something that ought to be overlooked, it is possible that it is critical to the achievement of the business. Being able to

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.”

Nowadays, most of the organizations try to develop some kind of teamwork in their businesses. Teamwork originated in workplaces, since people began to operate collectively through organisations. Over the years various rules, ideas, practices and theories that constitute the evolution of teamwork and management have developed. Teamwork can be considered one of the oldest human activities. The ancient Chinese, Egyptians, Greeks and Romans dealt with practical teamwork as shown by the major projects – monuments constructed thousands of years ago, and which could not be done, if there was no understanding of cooperative activities of the individual and

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.

In the source provided the writer is very against the idea of globalization and compares it to a disease. This source is very directed to citizens and government for the reason it states that the minority of the population benefits but the majority suffer. The source to an extent is correct that there are negatives but there are also some positives that come from it. For example health care and technology as well as other ideas are able to be spread to other countries an assist them to make their lives better or easier. On the other hand it can be bad because some countries that are already not as evolved or at the same step might not be able to afford the new research or tech that is invented that is why this source or topic different for each person it depends on you view and where you live.

It’s hard to describe globalization without getting confused because of some contradictory descriptions. When we talk about globalization we gather that a social process that constraints the geography on economic and political as well as social and cultural arrangements recede can become increasingly aware that there can be receding in the minds of an individual. One cannot support a single theory on globalization it takes several theories to be able to explain the international trade.

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.

As we know, globalization resulted in a more integrated and globalized world where country to country relationship has increased and relationship between nations converted all the countries around the world to a single globalized world. The two most important driving forces of globalization is the decline in barriers between nations meaning the increase level of export/import and sharing between nations and countries around the world. The second driving forces is technological changes and innovations that made it possible for countries to connect well and communicate matters that concern not only individual countries but the entire globe. Before discussing the two main driving forces of globalization in details, it is worth mentioning that globalization had many positive impact on our world such as uniting the world against common threat such as dealing with diseases, exchange of health related important research; innovations that benefited people all over the world, providing access to people from all over the world to online educational resources, creating millions of jobs opportunities as a result of business exchanges between nations, and others.

Cultures vary from country to country with some considered developed and other developing. They are completely different in their geography, their living standards and the structure of their economy, societies and politics. Many business look to benefit from expanding their clientele into countries other than their own and the result is that the effects of one nation begins to intertwine with others. This then results in new perspectives regarding change on a worldwide scale. Globalism is well-meaning and sharing technology helps countries progress, however, there are always those who take advantage of a system through deviousness and dishonesty (Harper & Leicht, 2011).

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.

1. Summary...………………………………………………...…………...3 2. Introduction……………………………………………………………4 3. The definition of globalization…………………………………...........4 4. Economic growth (pros and cons)……………………………………..5 5. Worker (pros and cons)………………………………………………..7 6. Consumer (pros and cons)……………………………………………..9 7. Human rights (pros and cons)………………………………………...11 8. Conclusion…………………..………………………………………..13 References…..…………………………………………………………..14

There is no clear definition for the term globalization; however it is often defined as the process by which members of different societies, cultures and economies operate through a worldwide network of political ideas through transportation, communication and trade. In many aspects, numerous nations have been affected by globalization whether it be; economically, politically, and socially. Products available for consumption, the environment, culture, security, and exchange between different countries have also been affected by globalization. There are numerous factors that lead to the speedy globalization trends. For example, the increase in free-trade activities throughout the nations, emerging technologies that are constantly advancing, and the worldwide acceptance of markets. All of said factors actively assist with our nation’s development.

Globalization is an inevitable process which has led to integration amongst different people and countries. It strives to bridge the existing gap between nations by trying to foster healthy trade and investment relationships amongst them. An economist, Thomas Friedman has described today’s globalization as “farther, faster, cheaper and deeper” [1]. Nobel Laureate Joseph Stiglitz defines globalization as “the closer integration of the countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders” [2]. Many countries such as China and India have benefitted majorly due to globalization. According to the World Bank, poverty rates in China fell from 60% to 16% between 1990 and 2005 and the poverty rate in India has reduced to 50% of what it originally was, in the past 2 decades. Uganda also witnessed a drop in the poverty levels by 40% and school enrollments doubled in that period [3].