The Negative Effects Of Globalization In Burkina Faso

To the casual observer, globalization can be thought to have a positive impact on the entire world. This statement is definitely true for most of the developed countries, such as the United States of America. However, there are many countries that have suffered severe negative consequences as a product of globalization. For example, the “first globalization” occurred when Hernan Cortes conquered the Aztec Empire and exploited the local populations and African slaves to mine the silver reserves. China, the economic powerhouse at

West Africa produces some of the highest value diamonds in the world. West Africa is comprised of many countries like Ghana, Sierra Leone, Nigeria and more. All of these countries have fallen victim of globalization. Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale. Globalization affects every party, some positively and unfortunately for West Africa isn’t holding the good end of the stick. I believe globalization impacts Western Africa in a negative way there isn’t any noted benefits to West Africa exporting the most valuable thing on the land which is diamonds.

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.

For individuals in very poor and economically unstable countries, globalization tends to do more harm than good. Through the economic, political and cultural examples stated above, globalization has not aided these countries climb out of poverty, develop an influential government or have a strong cultural identity, in fact, it has done the exact opposite. L’Huillier quotes Charles Darwin, “if the misery of our poor be caused not by the laws of nature, but by out institution, great is our sin” (2017 381). The business model that globalization suggests is an unattainable utopia for those in developing countries. These traits of poverty and war have always existed yet, many of today’s countries are the way they are because of the models that are favored and paraded under globalization

Many different contexts group together to make up the term “globalization” such as: technology, trade, offshoring, outsourcing integration, migration, transportation, and environmental pollution. In plain terms, globalization can be described as a process that embraces economic and cultural transmissions between countries. This process is intended to improve the function of economic activities worldwide. The movement also supports the idea of internationalism. Influencing a nation to adopt new political views and educational values can be a potentially positive way to help a struggling nation develop. However, economic improvement in this situation is not always the case. Research provides an irregular pattern concerning economic development. Focusing in on the impact of globalization in South Africa, both positives and negatives have played a part in this country’s struggle to compete with the rest of the world.

Globalization is when international organization influence on other countries. It seems that Haiti is a country with a strong dignity that oppose globalization as a force that have an effect on most aspects of economic experience. However, globalization has had both positive and negative effects. Globalization has impacted poverty in Haiti by free trading and many workers works unpaid for many international factories. For many years Haiti was the center of tourism, which was helping the economy, but now it has declined as a source of income . Official data say Haiti is one of the poorest countries in the Western Hemisphere( Global Finance) . The free trade promoted by global financial organizations has involved the country's economy in a deep retrocession that obliges to neglect barriers and not obstructive goods of developed countries.

Globalization has done a tremendous disservice to those that seek to create wealth and resource equality. Globally it has created a system where as the counties with access to strong markets, copious resources, and relatively educated populations will succeed, while those countries that lag behind in categories such as those willhave a difficult time maintaining in the global economic system.

If we were to lay the topic “effects of globalization” on the table, what assumptions might arise? Well, one might point out whether globalization can be considered as a positive thing or negative thing towards different cultures. The article “Case for contamination” gives insight on the author’s views and arguments towards globalization and how that intertwined with the people in Ghana.

In theory, globalization should help contribute to the equality of the global economy. Yet this is not the case in reality. Globalization contributes to unsustainable prosperity for a very small percentage of the world’s population. For those in developing countries, it is especially unsustainable. The resources in these areas are consumed at an unstable rate and the environment given very little consideration. The workers are treated as if they are expendable. The smaller economies of these countries are vastly taken advantage of. For these reasons, globalization contributes to sustainable prosperity to a small extent.

Globalization over the past twenty has become an issue in many countries. This industrialization of second and third world countries by Western Civilization creates many opportunities for the inhabitants. Not only does it expand trading markets, but also promotes productivity and efficiency; thus improving the country and integrating it into the industrial world. This process not only benefits third world counties, but also industrialized nations by allowing them to export goods to the developing world and increase their profit margin.

According to Globalization101.org, “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.” There are countless numbers of benefits and detriments of globalization. Greater free trade, Greater movement of labour, Increased capital flows, Growth of multinational companies, Increased integration of global trade cycle, Increased communication and improved transport, effectively reducing barriers

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.”

“Globalization is not just one impact of the new technologies that are reshaping the economies of the third millennium” (Thurow 19-31). When speaking of globalization, most people will not have a complete understanding as of what it actually means or what aspects of the world it affects. Globalization promotes free trade and creates jobs. The capital markets attract investors, resort cheap labor, and leads to job losses in some areas of higher wage. While all of this is happening, the world economy is being effected: economically, culturally, socially, and politically.

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.

Speaking of globalization, it promises not just development and prosperity for all at a global level, but also ensures social welfare and freedom. However, in the past few years,