The Pros And Disadvantages Of Globalization In Africa

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.

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 involves “the socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers across countries, which could lead to increased economic growth and geopolitical integration and independence among nations of the world (Gasper, 2017, p. 5)”. Globalization has led to many great successes and has allowed good and services to cross foreign borders. Globalization permits economic growth within developing and developed countries.

- Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world “borderless.” On the other hand, globalization is evil because transnational corporations exploit workers abroad, countries lose their own identities, promotes consumerism, destroys the environment and, most importantly, instead of improving a country’s society and economy, it actually creates more poverty.

Globalization, especially economic globalization is one of greatest concerns of our generation that has more negative effects than it can benefit developing nations.. This is an economic system that has been conceived by capitalist nations, multinational, and the worlds largest cooperate bodies through carefully propagated policies to facilitate movement of their goods, products, investing capital, and ambitions. Their main driving tool is an idea called international free trade. What stimulates their interest is the ambition to get rich and richer. With the aid of communication, transport technological development, and other induced free trade, but unjust policies, economic globalization has gained a lot of grounds over the years. Very few developing nations have gained from it but majority of the developing nations continue to be penalized by the global economic village ideology. This is because the drive has not been balanced by intentions to give everyone

Globalization refers the integration of global economies, societies and cultures through the communication, transportation and trade throughout the world today. During the period when it first started many questions raised whether is globalization is good or bad. It has played in many roles such as economies, culture religion and technology. Globalization is the increasing independence of world economies resulting in the growing of cross-border trade, stock marketing and many more as rapid spread of technology is in place. It shows the market expansion has really shaped our world to what it is today and it is an unchangeable thing that has been introduced in our world vesting from international economic development. In economy, globalization is playing a significant role to make advancements in the current world we live in.

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.

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

Globalization has been a process underway for hundreds, if not thousands, of years. From the Roman Empire, to caravans on the Spice Road, to the Transatlantic Slave Trade, the process of connecting the globe in an interdependent web has been underway for a long time. Today, it seems that this process has been quickly accelerated. Since the end of World War II and the rebuilding effort that followed it, global development has increased at an intense rate fueled by transnational corporations, the World Bank, and the International Monetary Fund. These multilateral organizations have transformed our global economy and reshaped our society.

Asymmetric Outcomes: Nayyar (2006) suggests that globalisation has resulted in the exclusion and inequality of countries in terms of the levels of international trade, investment and finance. Not all countries have benefited from the process and there has been a widening gap between the rich and poor for instance countries in Sub-Saharan Africa are not in the picture. Theorist Eric Maskin agrees with this conclusion and suggests that while average income has been rising as a result of more trade and global production, inequality has also increased (World Bank, 2007), by contrast there are arguments that suggest that increased openness to trade and investment has reduced overall global inequality (sph.umich.edu, 2000). (Dollar & Kraay, 2002) suggests that the current wave of globalization, which started around 1980, has actually promoted economic equality and reduced poverty.

Over the years, the World Trade Organization (WTO) has prided itself as the central element in the international economic management system across the world. This system incorporates other international bodies such as the World Bank, the International Monetary Fund as well as a series of other regional trade regimes that are growing. Collectively, these structures provide a mechanism that addresses international economic interdependence as well enhancing economic interactions that offer the promise of maximizing social welfare across the globe. These aspects have been brought about due to the focus given in the post-Cold War era where international relations have evolved beyond a narrow emphasis on politico-military affairs.

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).

There are many ways to look at and understand modern globalization. In general terms, globalization means that the world, as a whole, is leading to a more utopian society, meaning that the globe is become very interconnected and similarities are growing between different regions and cultures of the world. Globalization is a phenomenon that has been evolving since before 10,000 B.C. This constant evolution can cause many problems, but it can also solve many issues positively as well. Development of any country, however, seems to be a key issue when discussing globalization. Globalization and development present two different factors in the world today. Many countries are lacking in their own development while the world around them is becoming more developed and globalized. Globalization hinders development because with globalization, less developed countries depend on more developed countries to help them to sustainability and self-reliance.

Many fail to have a clear understanding of globalization and what it entails. This is largely owed to the fact that society largely promotes globalization as a process that is going "to overcome hunger, poverty, and deprivation" (Munck, 1). In contrast, other believe that it is actually responsible for many of the problems that the contemporary social order is experiencing. All things considered, people need to acknowledge that the matter is very complex and that refrain from thinking that it is not actually problematic to analyze the matter.

Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world “borderless.” On the other hand, others argue that