The Drawbacks 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.

That this was also the decade in which globalization came into full swing is more than a minor inconvenience for its advocates” (Rodrick). If globalization is supposed to present an advantage to developing countries, why have there been so many setbacks? Indeed, both sides will have its winners and losers regardless of which side of the development coin they live on, but for the most part globalization has lifted millions out of poverty, improved the standard of living, and increased life expectancy rates all while keeping developed nations relatively competitive to their developing counterparts. Globalization’s value is that it seeks to create an economic equilibrium in the world, where parties are free from barriers and can benefit from one another through a more efficient allocation of resources. This allows all participating nations to contribute to an integrated economy and where all nations willing to embrace globalization have the potential to benefit. Regardless, the path to successful integration to the global economy has not always been easy. There is contention towards globalization as some argue that it is detrimental to developed nations, while many developing countries that were forced to hastily open up their markets and integrate failed. However, if implemented properly, globalization has proven that it can benefit all parties involved and that the potential gains outweigh the losses.

Globalization is not a unique phenomenon in the 21st century. What is unique about our experience of globalization, though, is the accelerated speed in which globalization has propagated. At a dizzying speed, globalization has left parts of the world more affluent than ever whereas other parts of the world are still swept in vertigo, unable to fully garner the benefits it offers. Despite current polarized experiences and the tradeoff between domestic politics and globalization, the overall results have been sweepingly positive as globalization increases equality and catalyzes the economic development when combined with the active roles of the states in creating the institutional practices conducive for growth.

The issue of globalization is regarding “major companies who build a relationship with another country and conduct business that benefits both” (McCormick, Lecture). When seeing the term definition and thinking about it one must explore how do both parties make money from their relationship. Therefore, the only way that both parties can make money from a relationship it that if the company and country set up an arrangement that benefits both. An

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

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

While globalization is often a highly controversial topic, I believe it is a natural progression of human civilization. It does appear to be have part of the strategy of several political ideologies, that is increasing global trade through exports and more.

Those who are in favor of globalization claim that, because of globalization, our worldwide market is able to flourish. Having a worldwide market allows consumers to get goods from outside their own nation. Some claim that globalization helps us learn about other cultures. They believe that globalization helps the world become more tolerant because there is so much interdependence. At the root of all the benefits "globalization is a vital step towards both a more stable world and better lives for the people within it” (Liber, Weisberg, 2004, 274). Globalization is the bridge that unites cultures rather than separating them. It is undeniable that

There are many benefits from globalization. One benefit is more efficient markets, efficient markets means supply and demand. Efficient markets cause the economy to multiply, in a world like ours if the economy is increasing, every thing that is connected to it benefits. Another advantage of globalization is new solutions, globalization permits significant procedure to occur more efficiently and important ideas to become reality. It also allow use, the human race to push forward. On the other hand, the disadvantages of globalization are that someone always has to lose, and that the home team loses. Someone invariably has to lose since globalization is fundamentally a

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

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.

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 globalization increases, people are traveling more and shipping goods, such as clothing, food, and medicine throughout the world. Along with the increased international travel of people and goods also comes the possibility of diseases traveling to countries in which people and animals haven’t been exposed to it before. Even though this travel can have negative impacts on public health, I believe stopping the flow of these goods should be approached with caution. In a global society preventing a country like Mexico from shipping avocados, for example, to the USA to prevent the possibility of a food-borne illness would be detrimental to Mexico’s economy, and could have adverse effects on the health and well-being of the people who work in the agricultural industry through lost wages. I think with proper regulations you could prevent a lot of the instances of diseases travelling across borders. As the world globalizes, I think a uniform set of regulations, for food handling and processing would help to prevent illnesses. Developed countries could provide subsidies to developing countries to help them bring their processing plants up to standards. ("Health And Globalization")

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 is important to understand in order to determine what worked in the past and can be successful again in the future. Our many cultures, ideals and growing technology form together to create an extremely global world. We use products that were made on the other side of the world, and are taxed on practically everything. Whether the effects of our global society is good or bad, there’s no doubt that the world is constantly changing and impacting our livelihoods, so we must adapt accordingly in order to succeed.