The Negative Effects Of Globalization

Globalization is simply the process by which people, economies, and governments around the world become increasingly interconnected through the incorporation of economies and societies (Steger, 2010). Examples of major players of the global world include international organizations such as the United Nations and the World Trade Organization (WTO) as well as nongovernmental organizations such as Greenpeace. The international organizations regulate trade between nations by drafting trade agreements and acting as negotiators. Globalization has both advantages and disadvantages. However, the benefits of globalization far outweigh its costs. For instance, Globalization promotes efficiency and productivity, Global institutions manage the settlement of government-to-government disputes and economic gains from globalization have increased access to health care as well as clean water.

Companies move to developing and third world countries for cheaper production cost. In those countries may be they do not need to provide the workers any benefits and the salary requirement is lower compared to what they had to pay in the home country. In this way the industrialized countries exploit the labor force of less economically developed country. They pay them less but earn more profit (by reducing labor expense). Child labor is also an

1. What is globalization and how does it affect domestic businesses? In your discussion, include both positive and negative impacts of globalization. (9 marks)

A world united, a nation of the free, yet countries are spited, this is no longer a place where diversity reigns supreme. The world of music, art, literature, films and other avenues of merchandising have allowed for the United States of America to expand their market into the rest of the world. McDonald’s can be found anywhere from Jerusalem to Japan, out of top movies grossing across the world only four are non American, and the cultures that once made this world a colorful and lively place are vanishing. The use of pop culture in order to increase the globalization of Americanized products has recently come out of the shadows and is now the main route for market. Many countries are upset with the stipulations and implications associated with what they perceive as Americanized globalization, thus boiling the tensions between the rest of the world and the United States. If globalization continues in this manner these tensions will the reach their breaking point, and isn’t that clear sign of the trouble and unwelcome globalization?

Although the world economy is globalizing at an increasing rate, there are still various drawbacks that prevent firms in achieving their optimal goals. One drawback in particular has an adverse effect on globalization, and that would be the outsourcing of jobs to developing countries. It is important to note

The trend of global economic development is to use foreign direct investment stimulate the economic development of the country and create an environment more conducive that improve the interests of investors and local industries.

Either we agree or not about its benefits, globalization is a force that, according to my view, is impossible to stop. The positive aspects of globalization such as ubiquity, instant communications, access to any good among others are so compelling, and, given that negative aspects are difficult to assess in the short run, it is easy to conclude that the world would not give up those benefits even if faced with evidence such as the one showed on this week paper.

Local production can suffer as domestic industries become dominated by foreign competitors and go out of business (Shukla, 2009). As a result, the local economy can become dependent on foreign economies, leading to loss of local employment (V.Vijayasri, 2013). Overdependence on affluent economies can be risky as they can impose their political agendas on weaker economies in order to exploit them (Shukla, 2009). Exploitation also occurs in the form of embargoes and other trade restrictions imposed in case differences arise among trading nations (V.Vijayasri,

Globalization101 describes globalization as a “process of interaction and integration” of different commercial and governmental entities “driven by international trade and investment and aided by information technology”. The Globalization process itself, is not restricted to trade issues alone, but the impacts of the exchange of goods and services on, the environment, culture, political systems, and economic development. (What is globalization, globalisation101)

Globalization is communication among the people, businesses, and governments of different countries. It has caused massive changes to the world because of all the downsides that is has. Globalization is currently a controversial issue because some people think it’s a good thing, but some people think it’s a bad thing. It means something different to everyone. The consequences of globalization have been mostly bad because lower-skilled workers got lower wages, had to work more, and had poor working conditions. Also, it causes environmental devastation and health issues. Although globalization can be bad, it can also be good because everybody involved can be developed even if their countries are losing jobs because of the developing world.

Globalization is the process by which organizations or different businesses create worldwide impact or begin working on an international scale. It is the process of free movement of goods, services, technology and resources around different parts of the world. Globalization has been in practice from a very early age. Moreover, advancement in infrastructure such as transportation, communication and technology have led to an increase in the relations and integration among people, organizations and governments of different nations. Globalization has a great influence on the economy, culture, trade and the political systems around the world. Globalization has played a key role in the advancement of the world. It has both positive and negative impacts on the social, economic and political aspect of the environment.

Smallpox, slavery and extinction is what globalization brought to the native americans. Yes it had its good fruits, but the bad ones far outweigh the goods ones. Globalization is the movement of goods, capital, services, people, technology and information. It is the action or procedure of international integration of countries arising from the convergence of world views, products, ideas, and other aspects of culture. Advances in the means of transport (such as the steam locomotive, steamship, jet engine, and container ships) and in telecommunications infrastructure (including the rise of the telegraph and its modern offspring, the Internet and mobile phones) have been major factors in globalization, generating further interdependence of economic and cultural activities. Globalization is largely overlooked by people and governments alike which has lead to a neglect of the negative effects it has on native and local traditions, customs and cultures. Globalization decimates local culture because more often than not, the bad outweighs the good. Globalization is happening rapidly but the global government lacks the means to regulate and direct it toward useful and beneficial results.

Globalisation is considered one of the greatest milestones that have happened to the world. Before 25 years, no one imagines that s/he can buy a shirt or even a mobile cover from a different country and it will be shipped in few days. Although the term globalisation is founded in the nineteenth century, the application of this concept become obvious and widely use in the last 25 years (Dicken, 2007). The next section of this report defines globalisation term. The third section mentions some of the positive and negative impacts of globalisations. The fourth section discusses the impacts of globalisation on business operation. Finally, the last section concludes the report.

Studying globalization is an eye opener to see many different aspects of globalization in both positive and negative ways. As we have been defining globalization as it is a “process of interaction and integration among people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology, which shows more good benefits of globalization” (globalization101) but it's also deeply controversial in its different effects to economy, health, culture, education, energy, environment, human rights, international law, investment, media, trade and so many more. These aspects have shown us how it’s important to create a more integrated global world is a better way to transform people’s life to a better or it can be unconstructive to many.

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.