The Pros And Cons 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.

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

‘War’ as defined by Webster’s Dictionary is a state of open and declared, hostile armed conflict between states or nations. Voltaire—the human personification of the Enlightenment period—says the following: “Famine, plague, and war are the three most famous ingredients of this wretched world…All animals are perpetually at war with each other…Air, earth and water are arenas of destruction. Defining war has been a political issue for centuries, and it poses a philosophical problem. Most philosophers will agree on war being a clash of arms, or a state of mutual tension between nations or states, distinguishing it from open rebellions, riots, and personal violence.

A. Globalization is a major factor that influenced economics not only within the U.S. but other countries around the world. It has both pros and cons associated with it. Initially it affected the Americans in a negative way after 30 million Americans lost their jobs to outsourcing. It affected the lower and middle classes regarding financial stability, health care, affordability of higher education, and being able to provide basic needs. We are failing our own society if we cannot help our people afford the basic necessities of life. It is disheartening to read about Company CEOs personally increasing their own pay with a ratio of $525 to every $1 for workers. We know disproportionate pay is still an issue in the economy, but it is disgraceful

Defined as “a state of usually open and declared armed hostile conflict between states or nations” (Merriam-Webster)., war is a constant throughout history. Ancient civilizations declared war on one another for no other reason than for blood lust or greed. Even in the twentieth century, the world saw several bloody, destructive struggles, such as the World Wars, the Vietnam and Korean Conflicts, and the ongoing battle in Syria. Scholars debate the causes of wars such as these. But for the most part, war accomplishes nothing more than act as a way to display anger and displeasure at a government or country. Unless it is a fight for the freedom of the people, it is a pointless action of destruction and death.

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).

Globalization what is it? What are the advantages of it? How does it affect our everyday lives and the world around us? The term globalization can be defined as the act of a business in which it can bring different people, ideas from different places in the world in the hope of opening the range of the business on a wider global scale. This process is very profitable and widely advised to all businesses around the globe to expand. Globalization has brought people from different parts of the world together, has the potential to make people rich and is eligible to establish developing nations.

To the average global citizen, the scope of globalization and its influence is glaringly obvious. You notice it in the variety of foods at your local grocery store, the ease at which you are able to communicate with your friends over the internet, the speed at which products from online shopping reach your home, and just about everywhere else. In an economic sense, its existence is a bit more elusive to the untrained eye— though certainly not any less present (on the contrary, the evolution of what is known as the global economy is arguably the most significant product of modern globalization). That is to say, the economic implications don’t paint as happy a picture as some of the more favorable facets of globalization, which is generally thought to be a positive thing (at least from the privileged point-of-view of a Global Northerner). To the trained eye, by contrast, the ugly face of globalization is much more apparent, and being educated in the matter strengthens one’s ability to understand and process specific examples of this; and there is no shortage of unpleasant examples to choose from: one of the most famous being the stock market crash of 2008. The Big Short is a film that narrates different group of people’s involvement in the 2008 global financial crisis- or more accurately, the United States housing market crash that is thought to have caused it.

Globalization can be defined as the process in which businesses grow international and may come to create some devastating outcomes from the process. The main goal of each company whether being a Pop & Mom shop or monopoly company is to be able to expand within the borders as well as internationally. So, what are the main issues with expanding? The main issues that comes with globalization of a company are the expansion of the company, the technology advancement, and the natural catastrophes.

While some countries have managed to reap the benefits of globalisation, other countries are facing major challenges of income inequality, high levels of unemployment and poverty and the vulnerability of economies to externals shocks. The path of globalisation in its current stage must change to allow more countries to reap the benefits. There is a clear imbalance in the existing workings of the global economy, which has derived from an inequality between the economy, society and political contexts. (Rodrik 1997) The proposed recommendations in creating a fairer globalisation and another globalised world will be a series of coordinated changes in the context of open economies and open societies. Through an incorporation of these standards in a policy guided framework, the path of globalisation can be directed into another globalised world where the benefits are shared more equitably by people and countries.

Globalization is the transnational movement of removing national boundaries towards economic, trade, financial, communication and services integration across worldwide markets.

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.

Globalization is mainly driven by two factors: reduced costs in communication and transportation in the private sector and reduced policy barriers regarding investment and trade in the public sector (Frankel). While globalization was intended to be a beneficial concept, major backlash has arisen relating to it. For the most part, this dislike is centered around two main concepts: economy and immigration.

Globalization on the fields of political, social, as well as economics has been on the rise since 1970. Globalization has ended the days of working abroad and trading across your own lands as being a luxury for people and companies, it has made it become much easier for companies to expand across borders without a lot of hassle. Today most companies need to have a footprint in the global world and trade internationally to stay competitive.

There are many different definitions of globalization, all touch on global trade and economic aspects due to the innovation of technologies as they progress (Ervin & Smith, 2008). Globalization has become an important aspect seen in day to day life around the world. There are many mixed reviews whether globalization has a positive or negative aspect through out the world with regards to economy and technology.