Two Sides of the Same CoinGlobalization is both, good and bad. If channeled in the right way, it can open up several new avenues. If channeled in the wrong way, it can destroy economies.
Globalization is the integration of economies, societies and cultures of varied worlds through the process of technology, politics and trade. In simple words, the world ceases to exist as a divided entity by way of territories, borders and land, and seems more like a common land without barriers. In that way, it is possible to sit at one end of the world and know exactly what is going on at the other. It gives new definition to the term small world.
The fact is that all of us are affected by globalization in one way or the other. How is that? Look around you and more importantly, at you, carefully - chances are that some (or most) of the things that are associated with you are not local in nature. They are essentially foreign. For example, the clothes that you wear or the food that you eat or the popular burger joint that has opened up in your area, or the fact that you can mouth the words of the latest pop song that is all the rage in Britain, are instances of how globalization has become a part of your life. You can easily buy things that are not produced in your own country or can watch a movie that is foreign, just as easily as you would go to the market and shop for groceries (chances are, those will have a fair share of the 'foreign' filtering in as well). The examples are countless and are enough proof of the fact that globalization exists. However, to fully understand the concept of globalization and whether it is good or bad for a country, we must know its pros and cons.
What it Offers
1.Provides Wider Choices
Globalization is responsible for the wide range of choices in most products that are available in the market today. If you think back to a time, say 15 years ago, you might recollect that 'foreign' goods were a rarity. If they were at all available, they were extremely expensive. Today, however, that scene has completely changed. We see several varieties of goods that range from groceries to beauty products to other consumer goods in all sections of the market. With so many choices at our disposal, we have a wider range to choose from.
The secondary advantage of a wider range of products is that because there is so much choice in the market, the competition increases. To be in the running, manufacturers and distributors of goods have to stock only the best quality products to survive in the market. This in turn ensures that the consumers get only the best quality products to choose from and the inferior products are automatically filtered.
3.Improves Communication and Transportation
Advancements in the fields of communication and transportation have made it possible for people to communicate with others across the globe in a matter of seconds. Moreover, people can travel from one end of the world to the other in just a few hours. This has made it possible for people to take advantage of varied opportunities in the fields of education and business, among others. People can also migrate to other countries for a better future or to escape danger. All of which has been made possible due to globalization.
Globalization makes it possible to not only export and import goods, but it also allows for outsourcing services and jobs. It has been seen that jobs in the information technology sector are especially outsourced. Many American companies set up branches in the Indian subcontinent because the labor is relatively cheaper there as compared to their country. This results in a direct increase in their net profits. And as for India, they get a sudden burst of jobs which is helpful for their economy.
5.Provides Freedom of Choice
Globalization provides a platform for an exchange of information, ideas, goods and services. There is never a dearth of choices and options. And it is thus a highly 'freeing' phase wherein one never has to settle for something mediocre, because there is always the option of finding something more superior. If it is not available in one's own country, and if one has the necessary resources, one can always look outside and more importantly, procure it.
Earlier, it would not have been possible to have an in-depth knowledge about other countries and their cultures. But due to important tools of globalization, like the Internet, it becomes possible to know everything that is happening around the world. It is possible to know about the different cultures of the world, varied food habits, the kind of education systems that exist, world news and other current events. The world shares entertainment, books, recipes and much more.
7.Promotes Progressive Thinking
Globalization is not merely limited to exchanging food, recipes, and the like, but runs deeper in the way of bringing about a change in the attitude and thoughts of people. It makes people tolerant of varied world views and practices and thereby promotes progressive thinking. This, more than anything else, helps to bring about social reforms in society. For example, leaning how a particular country improved the quality of education or the steps that were taken to increase security for women, or the different policies of world governments and educational systems that were passed will set an example to other countries and bring about reforms.
What it Affects
1.Promotes Traits of Commercialism
If you look at the teens of today, of any country that is, you'll find that most of them will be in the same type of apparel, listening to the same kind of music, eating the same kind of food and frequenting the same joints. It seems like there is nothing unique and local anymore. People have developed an attitude of consumerism and everyone seems to have the same kind of things. This results in the same type of lifestyles and it pushes the 'local' ideas, products and practices somewhere in the background.
2.Destroys Ethnic Cultures
With so much emphasis on being global, people are forgetting what is local. They are disregarding their culture, ethnicity, and local traits in preference for foreign practices. It is feared that it won't be long before countries lose out on their culture and heritage.
3.Affects Local Markets
When foreign goods flood the market and people begin to buy them, it is done at the cost of local goods. This is especially true of developing countries. For example, small time businessmen who do not have the resources to export their goods and only depend on the locals to buy them, go through varied degrees of losses because their goods are not sold. There are high chances that if you ask a small time businessman whether globalization is good or bad for developing countries, he'll probably answer in the negative.
4.Promotes Danger of Spreading Disease
With people traveling and migrating from one place to the other, they introduce, or are introduced to varied forms of viruses. Thus there is a great risk that there could be a spread of diseases. The immunity that people develop against the diseases in their own country could be put at risk when introduced to the virus of other diseases and vice versa.
5.Creates Social Divides
While outsourcing may create jobs for one country, it does so at the cost of the jobs that are taken away from the people of the country that outsources them. One then has to question at what cost are profits being earned. So also for the fact that only a certain section of society which is able to afford to outsource are doing so and putting the lesser privileged sections of that society at a disadvantage. As a result, the divide between the different sections of society increases more and more.
6.Leads to Wastage of Resources
In order to import and export products, a country makes use of its resources even if the product is manufactured locally. Instead, if that same money is utilized in improving the product one could promote business for one's own country and save on precious resources.
7.Promotes Health Risks
When food items are transported from one country to the other, there needs to be proper precautions taken to preserve them. Usage of pesticides and preservatives therefore becomes necessary. These chemicals are harmful for health. So while there is a wide range of food products that are made available, it is done so at the cost of health.
Whether globalization is good or bad cannot be answered in black or white. There are several grays in between. It depends on each country and its government to be able to strike a balance between the good and bad, such that it allows their nation to enjoy the advantages of this phenomenon, while also drawing up policies so that the ill-effects of globalization do not affect them. How many nations are able to do so? Now that is the real question.
It is just great!!!
Globalization can join the various countries in the world and fuse the different cultures around the globe. Countries will produce products more efficiently and work together to form happy communities. Without globalization countries would have to make-do with their natural resources, restricting the amount of products we have. Globalization is more good than bad!!!!!
Im boreeeddddd i pressed no i know i was meant to press yh!!!!!!!!!
Hey buds i seriously dont know nothing bout whatever u guys sit and write for an hour but yh just wanted to say
Yes, Globalization its a good thing Because Phenomena that occur in the modern world. Have technology involved. Allowing people around the world to communicate instantly through the border less. And can gather political, economic, social and cultural relations. The combination into one technology and communication. And economic profit lead to industry reform. A variety of business options for humanity
Rich richer poor poorer simple
Globalization alows companies to create products cheaply but never pass on those savings to the consumer. In real terms western people could never afford to live the same lifestyle if the products they consumed were made by people on the same income as them. This is why middle class people feel wealthy because they can afford large TV, smartphone ect, but in real term we are poorer than ever.
Also, globalization is forced. Many countries are unable borrow money from the IMF unless they open their boarders to trade and international coorporations, who in turn use their resourses and exploit their workers.
Take Indonisia for example; rich in resourses oil gold and a large young population of workers. Yet the majority live in extreme povety mainly due to coruption caused by globalization.
There are many more reasons and examples that are easy to find.
Globalization - is it a good thing (yes) or a bad thing (no)? Obviously - NO!
Globalization is destroying everything that doesn't originate from the US. People from the US would say yes but only because they aren't feeling any consequences of it.
It destroys other countries' economy - you have to buy their products and not help your country to buy your own products. Croatia is in a lot of a trouble for saying "Let's buy our own products!".
It destroys other countries' culture - just until recently we didn't have porn industry (which came from where?), music style (just look at Eurovision), rafts, alcoholism drugs and smoking on THAT kind of level etc.
Everybody now has to use English even when it's not required (you're not talking to people abroad).
To return to the the Eurovision - look at the songs. No song that is not in English has no chance of winning (except for a few years).
Rome fell because it became too large.
When dealing with things like globalization it is touch to pick one side. It really matters what we are comparing, are we comparing global economy? Are we comparing global military control? Are we comparing global presidential rule?
Although, most cases, I would have to agree that it is a bad thing. Global economy- if it fails, we all fail. Global military control- suppose I don't support the new global leaders views?? I can't fight the entire globe. Global leader- this is the scariest one, even though I believe it may already be happening, we are all just pawns in the game that the world leaders control. We behave as they tell us too.
Globalization is bad.
Everyone is different
I love the U.S.A. I'm so happy I was not born in a third world country, but that's what makes the world such a great place. We get to travel see how other people from other parts of the world live. If we were all the same there would be no reason to see the world because there is no diversity.
Identity of a nation
Globalization has a tendency to influence the lives of people were ever it occurs this is the reason that it is also associated with Americanization. It brings very American ways in to different countries. Globalization affects 3 different areas economic, political and cultural but with that comes ethical implications. Globalization is a fashion trend it brings certain trends to different countries for example in technologically specifically phones it brings the trend of having the most updated smart phone out there which is associated with a very american view. Globalization affects identity because it brings the economic, political and cultural view point of a foreign country to its host country.
They are manipulative giants
Multinational companies do have benefits, yes, on 'host' countries. They bring in foreign currency, employment opportunities, give funding to the governments in the countries they have bases in, and increase the GDP, to name a few. However their drawbacks outweigh their benefits. These companies can exploit the local workforce. For example some countries have less intense labor and health and safety rules and multinationals use that to their advantage. They might use cheap labor and give unfair hours. Issues of child labor have stemmed from this. The separation of these far-away factories means they do not have the investigative eye of the western media to watch them.
Another issue with multinationals is pollution. Some host country's governments for fear of losing all the said 'benefits' of the multinational do not insist on the factories adhering to stringent environmentally conscious practices. An example of this was the Bhopal gas leakage in 1984. In the Union Carbide pesticide plant in India, over 500,000 people were exposed to toxic gases due to a leak in the plant. There were many fatalities. The issue was due to the operating of the plant with safety equipment and procedure far below the regular standards. The local government was aware of this but did not intervene due to the reason I said before-they wanted to keep the large employer.
My final issues with multinationals are that they take aware opportunities from local competing firms, they reduce a countries cultural identity by surrounding them with their western ideals, and finally the natural resources of that country can be used for the multinational, and once they are depleted the multinational is able relocate quickly, leaving the host country to pick up the pieces.
Great for the top 1% only.
Simple supply and demand . Force workers the entire world over to compete for jobs, thereby driving wages down to the level of the lowest slave-labor competitor. As an American, I am quite aware that unless we leave WTO, NAFTA, etc, and raise tariffs, we will never escape this 6 yrs and running recession, as the jobs have all been outsourced to China, India, Mexico, etc. Not that the people working in those countries are benefiting either. All profit goes to the multi-national corporations, and the 1% who reap the benefits. We all need to wake up and stop this global exploitation.
No no no very bad thing
Globalization has cause the countries to loose there identity like there culture there food and what the countries has unique about it has just faded away. The role of LEDCs in the world market is mostly to provide the North and West with cheap labour and raw materials. As we also said in the previous slide as the factories are moving to the sea side it is ruining the natural beauty of earth and the factories produce so much and that produces carbon dioxide and that gas will start ruining the ice claps and the city will be underwater before we know it.