Synthesis Essay On Globalization

Globalization has had both a positive and negative impact throughout the world. An interconnectedness within the world where complicated issues can arise creating an unevenness that can contribute to a societies as well as the individuals happiness in life (El-Ojelli, 2006:p1). The negative impacts of

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world” (The State University of New York, 2014, para 1).

Globalization has both benefits and disadvantages. Whether one outweighs the other depends on the person answering the question. However, within this essay is why the advantages can outweigh the disadvantages if society begins to play their cards right and not abuse the chances we have to achieve sustainable prosperity for all. But if the world continues the way it is going now, destroying the earth and each other, the disadvantages can quickly take over and ruin everybody. We cannot live with only benefits like the world has provided for itself. Add in the fact that the way the world tries to get sustainable prosperity hasn't been successful, we need to settle for the current life filled with both benefits and disadvantages.

As well, it states that globalization tears down walls, potentially expanding freedom, democracy, innovation, as well as social and cultural exchanges while offering communication opportunities. This source implies that globalization is a positive driving force. They believe that it gives people more chances to interact with and understand other people, and be able to exert power globally. The source is viable; the author of the source was Pascal Lamy, director general of the WTO. The author is suggesting that globalization is an important part of developing the various countries and corporations in the world. The author is neither mocking the situation or being ironic; their perspective is that globalization is positive. As they are the director general of WTO, they, in my opinion, have this perspective because they want more trade opportunities in other countries. The author of the source gave this statement to Chilean politicians and business leaders on January 30, 2006.

Source III’s perspective is the view that because of globalization, specifically Americanization (to absorb or assimilate into American culture), transnational corporations (any corporation that is registered and operates in more than one country at a time) have become a dominant part of global culture. This source describes this as a negative consequence of globalization. The heading “Problems of Globalization”, clearly shows that the source is trying to convey a negative aspect of globalization. This can be interpreted by examining the political cartoon; the family of three each talks about the different places they’ve been and yet they have all purchased merchandise from American companies. This is possible through the fact that American transnationals have spread all across the globe and have taken up monopolies (the exclusive possession or control of the supply or trade in a commodity or service) on certain industries. This source probably feels this way because of the basic principle of economies of scale (the cost advantage that arises with increased output of a product). As a transnational becomes larger it expands to different countries and the local small businesses stand no chance of competing with wealthy transnational corporations. In this way, business is crushed and transnationals become a staple of global culture.

Globalization is a process of interaction and integration among the people, economies and governments of different nationalities. Globalization is not new, over thousands of years globalization has progressed through travel, migration and the spread of culture. Globalization has an overwhelmingly positive impact to most countries in terms of economy, political, and culture. In the article “Foreign Affairs; Politics In the age of Nafta” by Thomas L. Friedman, he stated that when he went to Asia, where Australians held their national election campaign, the campaign revolved around biscuits and bathing suits.

To begin, in the passage, “Globalization Is Good For You!” by Ronald Bailey suggests that globalization discourages child labor. For example, a country must participate in humane manufacturing of goods in order for the goods to be accepted and purchased by other countries. Specifically, the United States is a country that does not practice child labor due to the Fair Labor Standards Act enacted in 1938. Although, the United States spent 2.2 trillion dollars in 2016 on imports alone, therefore producers and manufacturers depend on wealthier countries to purchase their goods. For countries who rely on larger, wealthier countries to purchase goods to not allow children to work in the factory leading to, “lower incidence of exploitation.” (Bailey). Moreover, the author argues globalization promotes peace. The idea is once countries become dependent on another’s resources, countries will be less likely to declare war. In research conducted by Ju Hyun Pyun, a Korea University researcher concluded, “increase in bilateral trade interdependence significantly promotes peace.” (Bailey). Globalization supporters advocate the importance of connecting the world, and sharing the Earth’s

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.”

Some view globalization as being inevitable and key to our economic future. It has the potential of making societies richer through trade, and creates knowledge and understanding to people around

Globalization is an undeniable phenomenon of our modern societies. Global patterns keep spreading in many fields of our everyday life: food, economy, marketing, and last but not least, culture. Cultural products are indeed very often produced following the American pattern and exported to various places around the world. Hollywood blockbusters are huge hits in many different countries, our radios broadcast more and more American songs and even our national singers choose to sing in English rather than in their native language. Globalization is caused by many different factors. Cross-border processes such as interregional trade, employment, population migration and military conquest or colonization probably constitute the main factors (Holton, 2000, 141, 149).

Globalization is the process regarding an increasing interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture. It can also be tied to business ventures where businesses or other organizations develop international influence or start operating on an international scale. The idea of globalization has become very controversial in the United States labor market. There are many pros and cons on how it affects the labor markets. Along with the labor market controversy people also debate over whether globalization is a threat or opportunity to the United States economy. Although Globalization has brought a significantly positive impact on most countries in terms of economy, culture, and politics, it also has left some drawbacks behind on the same aspects.

There are many ways to look at and understand modern globalization. In general terms, globalization means that the world, as a whole, is leading to a more utopian society, meaning that the globe is become very interconnected and similarities are growing between different regions and cultures of the world. Globalization is a phenomenon that has been evolving since before 10,000 B.C. This constant evolution can cause many problems, but it can also solve many issues positively as well. Development of any country, however, seems to be a key issue when discussing globalization. Globalization and development present two different factors in the world today. Many countries are lacking in their own development while the world around them is becoming more developed and globalized. Globalization hinders development because with globalization, less developed countries depend on more developed countries to help them to sustainability and self-reliance.

Globalization is the process of increased interconnectedness among the countries most in the most known popular areas of economics, politics, social, and culture. All of these areas are key aspects of each country and what makes them individualized. Globalization allows for countries to be able to be individuals without the conflict of their differences because of the power used to work as a whole globe. Globalization is a positive thing for the entire world, it allows for lots of development in our world by the connection there is between all of the countries interdependence on each other. The different points of globalization claim that it will lead to convergence of income, access to knowledge and technology, consumption power, living standards, and political ideas.

Globalization is a confusing concept. For some it conjures up images of electronic communications: an email, global media, and popularization of mobile phones. For others it is about trade: the ability to buy coca-cola in rural villages in Africa. For yet others it is about misappropriation and greed: the suicide of Indian peasant farmers ruined by agri-business and genetically modified seeds. From now on, I will present the negative effects of globalization.

Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world “borderless.” On the other hand, others argue that