The Pros And Cons Of Globalization

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 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.

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.

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.

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.

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.

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.

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

Since the 1990s there has been a boom in writing about globalization. According to one sociologist (Waters 1995: 1), it is the concept of the 1990s, ‘a key idea by which we understand the transition of human society into the third millennium’. Globalization can be best described as a process of interaction and integration amongst the people, companies and governments of different nations. It also refers to a world in which societies, cultures, politics and economies have, in some sense, come closer together. According to Giddens (1990: 64), the concept globalization can be defined as ‘the intensification of worldwide social relations which link distant localities in such a way that local happening are shaped by events occurring many miles away and vice versa’. The globalization process has effects on the environment, on culture, on political systems around the world, on economic development and on the human physical well being in societies around the globe. Globalization is a topic and concept that raises many questions and controversial issues. With globalization being so controversial, there are both positives and negative implications for societies across the globe, as I will discuss in depth in this essay.

Globalization refers to the growing Independency among events people and government around the world that increasingly connect through trade expansion communication transportation and computer network a situation that leads to some benefits but also leads to intensify an equality of wealth and income only the elite at the upper end of the occupational hierarchy have been spared the pressure of an increasingly brutal wage compression Globalization emphasizes free trade and deregulation as corporations with the look for locations with the cheapest labor the least number of Labor's and the fewer in environmental and other regulations' globalization policies can lead not just to any inequality between counties but also the inequality within the country because of job losses stagnating wages or a greater benefit to those at the top globalization has led to an expansion in pain and social injustice as measured by the higher rates of disease poverty and hunger.

Many researchers are discussing benefits and negative consequences of the globalization. The only one clear answer for the question “Is globalization good or bad?” does not exist. It really depends on the features of life in a particular country. Or, do we have to analyze the benefits for only special social groups? The first concept of globalization and free trade was to allow all the countries to live like one family where the members helped each others financially, by natural resources, services or information. Although it is a good idea, in the modern reality this form of globalization cannot exist. Unfortunately, parties on modern globalization process tend to maximize their own income does not care about general prosperity and equal human rights. Being fully involved in globalization process can be dangerous to the US economy and social life. Moreover, it contradicts US Constitution and vision of America as a country with equal opportunities for each person.

According to the traditionalist, there is a “nationalistic backlash in politics” given that only some societies get to partake of the benefits of interdependence (Roeder). As multinational corporations enter the economies of underdeveloped countries, many begin to feel threatened because they can’t compete against these corporations. Globalization is making the rich get richer at the expense of the poor, as they attain access to cheaper labor and raw materials. People are losing their jobs and business internationally and domestically. It comes as no surprise that globalization is resulting in violent response as people try to stop globalization from tearing their own lives and societies. Many countries are prone to pointing fingers at the United States for all the social and political unrest in their local communities given that the new actors are under the Western influence, resulting in further unrest (Roeder). “Today millions in the developing world support anti-market and sectarian values reflected in support for enthnofacism, sectarian murder, and fundamentalist religions- anything that offers psychic comfort in the face of volatile social anarchy” (Mousseau 27). Terrorist will most likely use the people’s resentment to globalization and foster it to attain higher power that can justify their motivations through terror.

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.

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.