Introduction
According to Al-Rodhan, Globalization is defined as the process of integration across the whole world uprising from the interchange of values and ideas of different aspects including political, economical, social, environmental and cultural aspects. Advancements in technology made the process of globalization go further in recent decades. It favors people to communicate, travel and exchange the ideas. However, a coin has two sides. There are different problems carried out by the globalization. Therefore, anti-globalization protests are common in recent years. To a certain extent, it is different to Marx’s critique of the problems of capitalism in 19th century Europe. In the following essay, the reasons for anti-globalization protests will be examined and the comparison between capitalism in 19th century and now.
Problems depicted by the Anti-globalization protestors
Although there are many benefits brought by globalization, drawbacks are involved. Anti-globalization protesters such as Greenpeace and Anti-WTO focus on the problems created by global capitalism like uneven wealth distribution and Monopoly. According to the Jagdish Bhagwati (2004), “Globalization is the cause of social ills”. It seems that social problems and globalization are highly related. In the following part, the problems will be discussed in economical and environmental aspects.
Economical aspect
1.Uneven wealth distribution
Under the impacts of globalization, some countries had economic
Globalization’s impact on sustainable prosperity is examined in the source. It does this by asking a question. Also examined is the impact on all people and this would include both developing nations as well as developed nations. The source is also somewhat leading the reader to question the extent of the impact, which implies that there is a positive impact on sustainable prosperity. Also the fact that it states, “for all people” implies that all people benefit. While globalization may contribute to sustainability to a limited extent or in certain circumstances, on the whole, globalization degrades rather than builds sustainable prosperity. This will be explored through looking at globalization’s systems and forces, specifically consumerism, the media and transnational corporations.
Globalization is a continuing and very controlling process. It has now become more or less a natural happening and is not going to stop. Though it has benefitted the world in numerous ways, globalization is also hurting the world frighteningly in a very theatrical way (Samli 2002). It is evident from the fact that the well-organized and increasing human exploitation of the natural resources obtained from the earth outlines the foundation for the scientific assertion "that the world is about to experience a mass extinction every bit as great as that which destroyed the dinosaurs 65 million years ago" (Hedley 2002). It simply means that the humanity is facing global environmental change as one of the most important challenges as a consequence of globalization. With the increase in globalization, the environmental issues are also growing constantly. The issues that once were threatening for a certain group of people on faraway places are now becoming a menace for all
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.
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.
During the last decade of the twentieth century, the word ‘globalization’ has become an increasingly prominent feature of political, social, and economic discussion in academic and policymaking circles, as well as in the media. The processes and outcomes of globalization drew attention and debates that had one thing in common. The research shows that nearly everyone agrees that globalization is a trend that is changing the face of the world, and as a result the world society lives in a more ‘globalized’ world. Nearly two and a half decades passed since 1990s, and studies have been conducted to examine the causes and consequences of globalization. Moreover, nearly every person experiences some type of globalization and can testify firsthand the effects it has on their life, society, and the state. The analysis of the effects that globalization dynamics have on the world society indicates that globalization has a significant positive impact via spreading opportunities and wealth across nations, stimulating innovation and productivity, enhancing the economic development of poorer countries, and helping to improve living standards.
Globalization affects everyone, whether intended, directly or otherwise; it has gradually increased its presence in our daily lives. In this essay, I will point out who are the ones benefited and the ones injured from it by breaking down the question in four broad aspects: economic, political, socio-cultural and environmental. Seemingly, I will analyse the causals for this particular outcomes and distributions that indicate that globalization is creating further divergence in our world increasingly fragmented and unequal. The globalization winners – predominantly developed countries, the top 1% wealthiest demographic segments, transnational companies (TNC’s), supranational
This paper, discusses the social justice issue of globalization, which it stems out to many other issues like inequality in wealth, poverty, unjust wages, and bad practices in policies. First, we must define globalization. Defined as the significant effects of an international economy. It includes economies like communism and capitalism. Moving away from communistic economies and building more into capitalistic economy. Capitalism the economy of America and therefore at the center of international economy as important and key role in globalization. Globalization, a concept to easily confused without the role of technology. The role of technology, international economy, and institutions shapes globalization. However, the question at the
Globalisation has become the general phenomenon around the world. It means increasing global relationships of culture, people, and economic activities. Moreover, the free trade between the countries is measured due to the implementation of globalization. It is a concept of viewing the whole world as a ‘global village.’ But today there is a controversial debate about the topic is globalization has been more harmful than beneficial and in this essay the argument is in the favour of the topic about health, environment, and employment.
Globalization continues to grow at a rapid rate forcing more interaction between countries, with so much involvement in a global market skepticism is bound to rise. The concept of vulnerability is expressed through the causative effects of globalization as multidimensional disasters whether environmental, cultural, technological, economical, political, ideological, etc. The focused attention on the relationships given in a social situation constitutes the rationality of the behavior. Based on everything learned throughout the quarter, I concluded that one of the primary contributors to the vulnerability in a globalized world was due to social domination in the economic market. What I mean when I say this is that social domination was the empowering affects of large corporations. This continues to grow as an issue because the drastic effects on other countries involved. Geographically these industries begin to populate other territories in other vulnerable countries in order to operate. With this comes the many issues of environmental harm, exploiting natural resources and exhausting, heavy cultural/ideological influence on other demographics. From two different perspectives that can negatively affect these smaller countries. Once operations begin infrastructures will need to be capable of operations; following expected commerce which demands importing and exportation that requires modes of transportation such as airports or sea ports. This can and will become problematic for
Economic development refers to adoption of mechanisms that improve the economy well-being as well as the quality of life. Economic development captures the current situation and evaluates the methods useful for fostering growth that will preserve the quality of economy in future generations. Methods involved include globalization, proper utilization of natural resources, democracies, investment in health and agricultural technologies and creation of effective international institutions. An increase in gross domestic product is therefore important in assessment of economic development. However political problems affect international economic relations. To shape the world economy, several themes are applied on analytical, cultural and theoretical perspective. The paper will focus on readings with a comparative analysis on evaluation of the theme’s strengths and weakness to provide an insight on economic development.
In Defense of Globalization is a very captivation book written by a highly respected author in the economic field Jagdish Bhagwati. At first glance, Jagdish Bhagwati disperses extensive reasonings for why it is beneficial for every nation to enter the global economy. Bhagwati gives an in-depth definition of globalization as the “integration of national economies into the international economy through trade, direct-foreign investment, short term capital flows, international flows of workers… and flows of technology.” Then he tackles down various issues such as globalization’s effects on domestic and foreign labor market, women’s rights, gender discrimination, child labor abuse, and environmental destruction. The scope of Bhagwati’s book mainly embraces globalization and free trades, his book truly satisfies critics on the pro-globalization debate.
Globalization has played a key role in our world and continues to be an integral and inescapable part of the lives of every single individual today. In this paper, I argue that globalization has had a negative impact on developing countries, specifically increasing poverty as well as negatively affecting employment, safety of women, gender inequality and wage-gaps. First we must define important terms such as globalization and developing countries. Globalization refers to the interaction among international countries in terms of business, politics, trade, industrialization and technology. It is the idea to break down barriers between countries and encourage openness and transparency through trade and politics. Finally, developing countries
Throughout time individuals in different parts of the world have been able to take part in the spread of both goods and services which has also given rise to the growth of many developing countries. One important process that can describe both these aspects is the process of globalization which is a worldwide phenomenon. Globalization can be referred to as a process that “links all the economies through trade in goods and services and foreign direct investment (FDI). “ (Shahbaz et al., 2015). Although globalization is thought to have many positive aspects because it assists in providing economic growth and value to a country there are also a variety of concerns. Globalization has the power to result in environmental consequences because of the need to continuously increase production. Thus, globalization has changed “the relationship between the community, the state and the economy” and also the relationship between the environment (Shiva, 2015, p. 2). As Shiva (2015) mentions “Globalization is restructuring the control over resources in such a way that the natural resources of the poor are systematically taken over by the rich and the pollution of the rich is systematically dumped on the poor “(p. 3). Therefore, developed countries take advantage of the globalization process by offsetting negative environmental effects to developing countries. For the purpose of this paper, the country of India will be used as a case study to demonstrate how globalization causes various
The subject of globalization can trigger a wide range of responses when brought up in a discussion. To its supporters, globalization represents advancement, monetary development, and promotes a better future. To its critics, it connotes greed, exploitation, and corruption. These assorted qualities of perspectives is maybe due to the way that globalization is naturally intricate and includes distinctive financial and social subtleties at different national and worldwide levels. Understanding globalization, in this manner, obliges one to perceive how these variables interrelate and impact each other. One text that makes a successful job of investigating these complex connections is Jagdish Bhagwati 's “In Defense of Globalization.”
Globalization is defined as the worldwide interdependence of resource flows, product markets and business competition that characterize our new economy. It is hardly unnoticeable how countries, organizations, people, resources, money, services and information are all interrelated globally. Thanks to the improvements in communication and transportation technologies, such interrelation is more and more achieved. There are many positive effects of globalization such as the rise of some developing nations through increased employment and technological advances. However, one can never underestimate the negative effects, such as the declining national sovereignty and shift of domestic jobs overseas where labor is much cheaper.