The Meaning of Globalization Essay

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The technological development that characterizes the past several decades has triggered a communications enhancement around the globe. Interconnectedness between people is greater every day; goods, services, money, and information are exchanged between the furthermost parts of the world. International travel and communication now represent ordinary aspects of life. This phenomenon is called globalization. The term entered common vocabulary in the 1980’s and it grew so popular that the economic, political and cultural background of today is now described as “The Era of Globalization.” However, this term needs to be thoroughly clarified as it means different things to different people. To some, it is a natural phenomenon of…show more content…
Thus, the limitations imposed by political frontiers and geographical positions seem to fade away. Intense arguments on whether this makes globalization a positive or negative phenomenon take place all around the globe. On one hand, it is viewed as a necessary step towards progress. Supporters of globalization say that free trade does not alter any cultures, instead in contributes to their enrichment. Trade leads to prosperity, they say. The economic growth and poverty reduction in China, India, and other countries that were poor a few decades ago provide evidence of this. As to the cultural aspect of globalization, the promoters of this process say that a people’s music, literature and art in general get to be shared and valued throughout the world. However, opponents of globalization fear that the negative aspects of globalization exceed the good ones and see this phenomenon as one of the greatest dangers of the next century. They argue that even though globalization helps economic growth, it also creates considerable gaps between rich countries and poor ones, as well as between rich people and poor people within one country. Concern about the phenomenon of globalization also exists in highly developed economies. Workers in these countries fear that poorer economies can pose a real threat to their level of employment by offering labor force at a much lower price. Another fearful factor that enemies of globalization bring forward is that a
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