The positives and negatives of globalization

The Positives and Negatives of Globalization

 

As stated and summarised above, globalization is a modern concept referring to the development of a particular commodity, to make possible international influence or operation. This can be reflected in either a positive, or negative way.

If you were to rummage through your wardrobe or set of draws, guaranteed 90% of the time you could pick up any one shirt and identify another country specified on that loosely hung tag at the rim. Generally stating, and most often something like 'Made in China'. What's more than that, before it reached your average retail store, where you would've found that authentic blue shirt, it could have very well been made with Chinese cotton, sewed by Thai hands, shipped across the Pacific on a French freighter crewed by Spaniards, to a Los Angeles harbor. This is fine example of what globalization is and means to the world, many could interpret this as a positive or negative thing.

 

For years there has been ongoing debates on whether ‘globalization’ is a good or bad thing. However, what we are certain of, is that globalization is still occurring and will continue to occur until the end of time. The following list of positives and negatives below, are not in order to confirm your opinion or belief, but to obtain a good sense of the bigger picture.

 

Positives of Globalization

·            As Western society is becoming more knowledgeable of the issues taking place in developing countries, there is greater opportunity for the people in those countries to economically succeed and increase their standard of living.

·            `Increase in competition, forces companies to lower their prices. This benefits the end consumers.

·            Increase in media coverage draws the attention of the world to human right violations. This leads to improvement in human rights.

       Global competition encourages creativity and innovation and keeps prices for commodities/services in check.

       Developing countries are able to reap the benefits of current technology without undergoing many of the growing pains associated with development of these technologies.

       Governments are able to better work together towards common goals now that there is an advantage in cooperation, an improved ability to interact and coordinate, and a global awareness of issues.

       There is a greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices.

Negative of Globalization

·            The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer.

       Outsourcing, while it provides jobs to a population in one country, takes away those jobs from another country, leaving many without opportunities.

       Although different cultures are able to interact and share there ideas and innovations, everything is beginning to meld, and their becomes a loss of tradition and culture.

       There may be a greater chance of disease spreading worldwide, as well as invasive species that could prove devastating in non-native ecosystems.

       There is little international regulation, an unfortunate fact that could have dire consequences for the safety of people and the environment.

       Fast food chains, such as Mcdonalds and Burger King, are spreading in the developing world. Meaning more consumption of junk foods from these joints  resulting in an adverse impact on people’s health.

 

 

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