The Negative Impacts Of Globalization

I believe globalization is somewhere in between of having a positive or negative impact on the world. Just like the old saying “too much of a good thing can be bad for you” the key to everything in life is balance and excess might harm you. Furthermore, both sides of globalization have compelling arguments on the positive and negative effects of globalization, furthermore different countries and cultures would have different opinions in regards to how they have been affected by globalization. In this assignment I will look at the positive and negative views of globalization to further prove that globalization ultimately falls somewhere in between as being positive or negative.

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

Globalization continues to be present in and influence every aspect of our lives. We now we cannot stop it, but we have not caught up to it yet. America has become complacent in their status and ability. After so long of being on top, suddenly we are not. Times have changed and the country no longer enjoys the edge it once had. We must innovate once again and invest in our future. The United States has not kept pace in the face of globalization and must get back on track to remain a leader in the trade, financial and scientific world.

Globalization is a process which involves the establishment of economic, cultural, and socio-economic relations between nations around the world. It is a concept that has fascinated me for quite some time because of it’s influence on topics such as; why one country gains while another loses, why certain people thrive while others diminish, how technology impacts human labor and workforce, etc. Specifically, I have always been drawn to the economic consequences of globalization and how they impact the United States and our relations with other nations. After extensive research, I have concluded that globalization can drastically improve the American economy `only when it is properly monitored and subjected to barriers. These barriers restrict the overall role it has played in the past and the role it will play in the future regarding the success of our economy.

Globalization. What is it exactly? And why is there so much debate and controversy surrounding it? This topic has sparked protests all over the world. Like with many other topics, some support globalization and what it has accomplished. Others have hatred and believe it should not exist. Why do some people believe that globalization is an essential process and helps the economy immensely, while others see it as the root of pure evil and destruction? The answer is not black or white. There is no right or wrong answer, but a mere “What have you done for me lately?” Although each side can plead its case, globalization has overall benefited the world through international trade, outsourcing and building better relationships between different countries that could benefit the country as a whole in the future.

In today’s world and economy there have been many factors that affect us all at a global level. Being as technology is increasingly growing at an all-time high and cultures are changing because of these changes, this has led to the world being more globalized. Globalization is the process of interaction amongst people, businesses, governments of different countries and nations, and is driven and or influenced by international trade and international business. Technology has been one of the largest contributing factors to the reason why the world is becoming more globalized. Globalization has both positive and negative effects on the environment, societies, as well as today’s cultures. Cultural globalization refers to the process of spreading one’s cultural values, ideology, and uniqueness on a global level. Cultural globalization can have both positive and negative effects on today’s society as well. A positive effect of cultural globalization is the easy accessibility of different cultural products and commodities. A negative effect of cultural globalization is that smaller, more unique cultures may lose what makes them different and more distinctive from other countries or cultures. Scholars see these changes as part of processes such as cultural hybridity, cultural homogenization and or cultural imperialism. These processes that lead to changes in culture, social order and identity and all of the processes are both similar and different in many ways.

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?

One negative consequence of globalization is the collapsing of the internal market in many countries.

Globalisation is one of the major issues affecting our society today. But many people do not still commend it as a threat to the society because it snags is concealed like a Trojan horse which disguises its dangers by professing to be an advantage at the beginning but then causes havoc when its clients are mesmerized by its appearance.

In the modern business era, it can be widely argued that the world is flat. These businessmen aren’t claiming that geographically the world is flat, but rather that the competitive playing field on a global scale has officially been leveled. Perhaps the most notable person to claim this phenomenon is Thomas Freidman, a three time Pulitzer Prize winner. When studying the ten forces Freidman claims to have “flattened” the world, it is clear that the competitive edge can be achieved globally by virtually any company or firm.

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.

Diversification and globalization are important to the wellbeing and financial stability of any country. These traits are valuable to both individual and group strengths. Understanding these modules can affect the way people or corporations manage their business affairs. To understand the importance of both diversification and globalization we must first understand their individual importance. Let’s first look at diversification.

Economic globalization refers to the global process of organic economy formed by the world's economic activities beyond national boundaries and through foreign trade, capital flow, technology transfer, service delivery, interdependence, and interconnection. It is a cross-border transregional flow of production factors such as commodities, technologies, information, services, currencies, and people in other words, the world economy is increasingly becoming a tightly integrated whole. Economic globalization is one of the critical characteristics of the contemporary world economy and a significant trend in the world economic development.

Globalization is truly a complex phenomenon. It indicates that the world today is getting smaller, people from all around the world are interconnected than before. Globalization is driven by a combination of economic, technological, sociocultural, and political factors. Jan Aart Scholte states that ‘Some people have associated “globalization” with progress, prosperity and peace. For others, however, the word has conjured up deprivation, disaster and doom.’ In these paper I will discuss positive and negative impact of globalization on society: at social, cultural, economical and political level.

Globalization is a chain of global events motivated by capitalism resulting in integration in the economic, cultural, social, political, and technological fields between nations. Due to the rapid global progress that has made in the last decades, many believe that globalization is new; on the other hand, it is a process of integration that occurred for long years until now. The sociologist Wallerstein remarked globalization such as, "Globalization has something to do with the intensification of international relations. It is about worldwide reciprocal relations. It is understood that globalization does not signify some static final stage, but is rather a process" (Wallerstein 55). In his work, Wallerstein states that globalization is a cyclical series of events that came happening in our history. He assumes that our current global system is a product of activities of people that arose not less than during the last 500 years. Although the global integration came happening for a long time, globalization has periods that are landmarks in its expansion process thereby it brings advantages and disadvantages for the planet and society.