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.

Globalization is the process by which states become interdependent on each other on all spheres of life. It is a process where countries go global by adapting universal characteristics involving human race. It is therefore the process of uniting people of the world into one unit with universal characteristics. This characteristics include; systems of education, politics, democracy, economy among many others. Through globalization economies, civilizations and societies become integrated into a globalised arrangement of political ideas.

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

As Aesop once said in his short story “The Four Oxen and the Lion”, “United we stand, divided we fall”. Globalization is a process in which countries and people all over the world interact with each other for economic, political, or cultural reasons. It can be seen as a way that has made everyone in the world united as one. Many people believe that globalization is a negative thing because it does not benefit everyone at all. However, I believe that the overall net outcome of globalization is positive because it has changed the direction of education, it has united humanity more than ever, and information and ideas are being shared to improve lifestyle. Almost like Aesop’s quote, a united world would be better than a divided one. Globalization has had a positive effect on the world due to its various outcomes that benefit humanity.

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

We all live in a globalized world; due to technologies being rapidly made it has driven globalization. Now we are well informed about other countries across the entire world and able to communicate internationally. Globalization has created a framework for cooperation among homelands. Generally, it has affected our nations and, indirectly we, the citizens in various ways; economically, politically, and socially, however it is a fast integration and association of various nations, which shapes the world affairs on a global level. The concept of globalization is evident in the many difficult challenges that come with it, involving our cultural differences, and the regulating challenge of globalizations. The phenomenon of globalization has affected many cultures around the world, resulting in the Americanization of other nations.

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

Globalization has shrunk the world. People can now have access to any market or any product they want very easily. We can buy Japan made camera without actually going to Japan, we can eat Iranian food in our university campus in Kuala Lumpur, can find coke and Mc D at any corner of the world, China can sell its products at very cheap price to consumers all over the world, Paris can get consumer for their fashion trend even outside their country.

There has been a great deal of discussion in recent years about globalization, its impact has been both praised and criticized. Globalization is defined as the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications. I believe the technological advances have had a positive impact on globalization. The use of cellular/mobile phones and the internet have allowed easier access to conduct business anywhere in the world.

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

The paper examines globalization by defining the term and highlighting its pros and cons. Benefits realized from the operation of a large scale global business are discussed as well as the problems that emerge from globalization. Challenges facing the spread of international business are also presented in the paper. Recommendations on the hindrances of international business are then finally suggested in an attempt to solve the stagnation in the global scale.

Globalization is a relatively recent phenomenon that has an enormous influence on the future of our planet. It elicits contradictory reactions from economists, politicians, scientists and ordinary people. In addition to its benefits, globalization has dangers and risks. It is responsible for environmental problems, the population explosion, extreme poverty, mass unemployment, etc.

1. Summary...………………………………………………...…………...3 2. Introduction……………………………………………………………4 3. The definition of globalization…………………………………...........4 4. Economic growth (pros and cons)……………………………………..5 5. Worker (pros and cons)………………………………………………..7 6. Consumer (pros and cons)……………………………………………..9 7. Human rights (pros and cons)………………………………………...11 8. Conclusion…………………..………………………………………..13 References…..…………………………………………………………..14

There is no clear definition for the term globalization; however it is often defined as the process by which members of different societies, cultures and economies operate through a worldwide network of political ideas through transportation, communication and trade. In many aspects, numerous nations have been affected by globalization whether it be; economically, politically, and socially. Products available for consumption, the environment, culture, security, and exchange between different countries have also been affected by globalization. There are numerous factors that lead to the speedy globalization trends. For example, the increase in free-trade activities throughout the nations, emerging technologies that are constantly advancing, and the worldwide acceptance of markets. All of said factors actively assist with our nation’s development.

In my work I talk about the Globalization and its relation with the Globalization where I dwelled upon the Globalization. In the second part I did survey and focused on the advantages and disadvantages of globalization as the statistics show.After hammering out the two factors I wrote about de facto effectiveness of the Globalization and at the end I stated my estimation and conclusion.