Some of its advantages are increased external finance, improved technology and political conformism. Disadvantages of globalization include death of small and medium businesses, loss of cultural identity and the effect of foreign policies on domestic economic development This essay is going to address some positive effects of globalization generally, and then it will focus on impacts of this trend on developing countries. It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of The pro-globalization people say that it is not just good for the rich but it’s good for the poor, because back in the ’s, when globalization took off, about million people got out of poverty in places like India and China. Globalization is the process by which economies of countries around. Read More
Globalization Pros and Cons Free Essay Example
Globalization is a very broad term. Globalization has both positives and negatives. Unfortunately, many people only seem to focus on the positives and refuse to pull the curtain back to look deeper and see the negatives. Globalization, when looked at in globalization pros and cons essay a positive light, encourages improvement in the global economy, cheaper products, free trade and jobs for developing countries Collins, Some may argue that there are no negatives to globalization, but according to Forbes, they would be wrong.
When looking at the negatives of globalization the biggest problems people have with it are that globalization makes the rich richer and those that are not rich poorer and also globalization takes jobs away from the American people.
A large portion of these companies turn to offshoring. Most large corporations such as Wal-Mart, Nike, Under Armor, Lululemon Athletica, Colombia Sportswear, globalization pros and cons essay, Apple, Dell, and even Disney partake is this form of globalization.
They do this to manufacture their products at a cheaper price so that they can sell them and make a larger profit, globalization pros and cons essay. When offshoring, these large corporations use third-party manufacturers, whose main source of production is from sweatshops who underpay their employees and force them to work overtime against the laws set in place by the government.
This is substantially lower than this company was required by law to pay them. While globalization makes products cheaper and way more accessible it also takes away jobs from the countries where the companies originated. With over 3 million jobs globalization pros and cons essay sent to countries that pay their workers globalization pros and cons essay, the American people end up suffering. Not only are jobs being taken away from the working Americans, but there is also a constant threat of exporting more jobs overseas if there are not pay-cut and layoffs in manufacturing plants in the United States.
While the American people are suffering from the loss of jobs the countries gaining the new factories also lose as well. It causes less developed countries to abandon their own culture for ours. Instead of having a world with greatly diverse cultures we are growing to a unified culture.
This threat of one unified culture is a scary thing. With globalization spreading across the world and introducing Western culture into each individual country the fear is that one day the world will only have one unified culture. Diversity in culture is what makes the world strong and beautiful. Without cultural diversity, problems might never be solved and our perspective might never change.
It is true that global wealth is growing in absolute terms, but inequalities have also grown and new poverty arisen. Globalization has given the United States many things from the shoes on our feet to the iPhone and Androids in our pockets, but is the removal of basic humans rights, jobs, and culture worth the price-cut that is given by globalization? Globalization Pros and Cons. Accessed May 19, Globalization Pros and Cons Categories: Globalization Policy Poverty.
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, time: 21:08The Pros and Cons of Globalization - SmartAsset
From the pros of globalization that made it possible to trade freely with one another by eliminating restrictions imposed by the state on all exchanges that cross-borders which are also known by Economic Globalization Globalization Essay: Pros and Cons of Global Integration. It is difficult to find more modern topic for thoughts as global integration. There are many essays on globalization written by scientists, politicians, journalists, businesspersons, religious figures and people of art. Dozens of conferences and symposiums, hundreds of books and thousands of articles are dedicated to this occurrence This essay is going to address some positive effects of globalization generally, and then it will focus on impacts of this trend on developing countries. It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of
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