Globalization Advantages and Disadvantages
Essay title: Globalization Advantages and Disadvantages
What Is Globalization?
Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels.
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.
Arguments for globalization include the following:
It is reducing poverty worldwide.
It is allowing access to technology in developing countries.
It promotes world peace.
It has benefited women and childrens rights.
It raises life expectancy.
Advantages of Globalization
Globalization has several advantages on the economic, cultural, technological, social and some other fronts
Advantages of Globalization
Goods and people are transported with more easiness and speed
the possibility of war between the developed countries decreases
free trade between countries increases
global mass media connects all the people in the world
as the cultural barriers reduce, the global village dream becomes more realistic
there is a propagation of democratic ideals
the interdependence of the nation-states increases
as the liquidity of capital increases, developed countries can invest in developing ones
the flexibility of corporations to operate across borders increases
the communication between the individuals and corporations in the world increases
environmental protection in developed countries increases
Effects of globalization
enhancement in the information flow between geographically remote locations
the global common market has a freedom of exchange of goods and capital
there is a broad access to a range of goods for consumers and companies
worldwide production markets emerge
free circulation of people of different nations leads to social benefits
global environmental problems like cross-boundary pollution, over fishing on oceans, climate changes are solved