Gloablization Positive and Negative Impact

Advantages of 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. Advantages * Goods and people are transported with ease 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 flo w 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 by discussions * more trans-border data flow using communication satellites, the Internet, wireless telephones, etc. international criminal courts and international justice movements are launched * the standards applied globally like patents, copyright laws and world trade agreements increase * corporate, national and sub-national borrowers have a better access to external finance * worldwide financial markets emerge * multiculturalism spreads as there is individual access to cultural diversity. This diversity decreases due to hybridization or assimilation * international t ravel and tourism increases * worldwide sporting events like the Olympic Games and the FIFA World Cup are held * enhancement in worldwide fads and pop culture local consumer products are exported to other countries * immigration between countries increases * cross-cultural contacts grow and cultural diffusion takes place * there is an increase in the desire to use foreign ideas and products, adopt new practices and technologies and be a part of world culture * free trade zones are formed having less or no tariffs * due to development of containerization for ocean shipping, the transportation costs are reduced * subsidies for local businesses decrease * capital controls reduce or vanquish there is supranational recognition of intellectual property restrictions, i. e. patents authorized by one country are recognized in another Advantages in the Developing World It is claimed that globalization increases the economic prosperity and opportunity in the developing world. The civil liberti es are enhanced and there is a more efficient use of resources. All the countries involved in the free trade are at a profit. As a result, there are lower prices, more employment and a better standard of life in these developing nations.It is feared that some developing regions progress at the expense of other developed regions. However, such doubts are futile as globalization is a positive-sum chance in which the skills and technologies enable to increase the living standards throughout the world. Liberals look at globalization as an efficient tool to eliminate penury and allow the poor people a firm foothold in the global economy. In two decades from 1981 to 2001, the number of people surviving on $1 or less per day decreased from 1. 5 billion to 1. 1 billion.Simultaneously, the world population also increased. Thus, the percentage of such people decreased from 40% to 20% in such developing countries. Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels. Advantages * Goods and people are transported with ease 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 by discussions * more trans-border data flow using communication satellites, the Internet, wireless telephones, etc. international criminal courts and international justice movements are launched * the standards applied globally like patents, copyright laws and world trade agreements increase * corporate, national and sub-national borrowers have a better access to external finance * worldwide financial markets emerge * multiculturalism spreads as there is individual access to cultural diversity. This diversity decreases due to hybridization or assimilation * international travel and tourism increases * worldwide sporting events like the Olympic Games and the FIFA World Cup re he ld * enhancement in worldwide fads and pop culture * local consumer products are exported to other countries * immigration between countries increases * cross-cultural contacts grow and cultural diffusion takes place * there is an increase in the desire to use foreign ideas and products, adopt new practices and technologies and be a part of world culture * free trade zones are formed having less or no tariffs * due to development of containerization for ocean shipping, the transportation costs are reduced * subsidies for local businesses decrease capital controls reduce or vanquish * there is supranational recognition of intellectual property restrictions, i. e. patents authorized by one country are recognized in another Advantages in the Developing World It is claimed that globalization increases the economic prosperity and opportunity in the developing world. The civil liberties are enhanced and there is a more efficient use of resources. All the countries involved in the free tra de are at a profit. As a result, there are lower prices, more employment and a better standard of life in these developing nations.It is feared that some developing regions progress at the expense of other developed regions. However, such doubts are futile as globalization is a positive-sum chance in which the skills and technologies enable to increase the living standards throughout the world. Liberals look at globalization as an efficient tool to eliminate penury and allow the poor people a firm foothold in the global economy. In two decades from 1981 to 2001, the number of people surviving on $1 or less per day decreased from 1. 5 billion to 1. 1 billion. Simultaneously, the world population also increased.Thus, the percentage of such people decreased from 40% to 20% in such developing countries. The Negative Effects of Globalization globalization point out to its negative effects. Some of them are listed below. * Developed nations have outsourced manufacturing and white collar j obs. That means less jobs for their people. This has happened because manufacturing work is outsourced to developing nations like China where the cost of manufacturing goods and wages are lower. Programmers, editors, scientists and accountants have lost their jobs due to outsourcing to cheaper locations like India. Globalization has led to exploitation of labor. Prisoners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods. * Job insecurity. Earlier people had stable, permanent jobs. Now people live in constant dread of losing their jobs to competition. Increased job competition has led to reduction in wages and consequently lower standards of living. * Terrorists have access to sophisticated weapons enhancing their ability to inflict damage. Terrorists use the Internet for communicating among themselves. Companies have set up industries causing pollution in countries with poor regulation of pollution. * Fast food chains lik e McDonalds and KFC are spreading in the developing world. People are consuming more junk food from these joints which has an adverse impact on their health. * The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer. * Bad apects of foreign cultures are affecting the local cultures through TV and the Internet. * Enemy nations can spread propaganda through the Internet. Deadly diseases like HIV/AIDS are being spread by travelers to the remotest corners of the globe. * Local industries are being taken over by foreign multinationals. * The increase in prices has reduced the government's ability to sustain social welfare schemes in developed countries. * There is increase in human trafficking. * Multinational Companies and corporations which were previously restricted to commercial activities are increasingly influencing political decisions. Disadvantages of Globalization So what's the harm if the entire world is coming together on a common platform?Why are we even discussing whether globalization is good or bad for the world? As we said earlier, everything has a good side and a bad side. The bad side of globalization predominantly revolves around the fact that the preferences differ from nation to nation, and coming to a consensus on any issue becomes more difficult when too many nods are required. When it comes to globalization, the difference between the rich and poor nation can be a major hindrance. Even though the richer nations will try to assimilate and help poor nations come up, they will not sacrifice on their national interests willingly.Economic Problems:Â  If the entire world becomes a global village, any sort of economic disruption in one nation will have a disastrous impact on various other nations which are closely related to it in terms of trade and commerce. It will be a domino-effect wherein disturbance in one economy would result in disturbance in another, and so on! Cultural Problems:Â  Cul ture and globalization also seem to be at the loggerheads. Critics of globalization are also of the opinion that it will hamper the age-old cultures which have been followed religiously all over the world.There are many countries in the world which would never agree to compromise when it comes to culture or religion. Migration will become even easier, and the influence of local cultures and traditions will slowly start to wear down. Incessant westernization of Southeast Asian nations has already put western cultural beliefs and traditions under the scanner in these countries. Unemployment:Â  One may feel that globalization is promoting employment, but the fact is exactly reverse of this is happening, especially in developed countries wherein people are losing jobs as a result of outsourcing.Several major companies from the United States and United Kingdom have outsourced their jobs to the developing nations in Asia, this has in turn resulted in unemployment in these countries. Spre ad of Diseases:Â  Increase in flow of people will also result in spread of diseases, and thus make people more vulnerable to health issues. We do have many examples in history wherein outbreak of a particular disease happened in some part of the world, and before we could realize it spread throughout the world.The critics of globalization and those involved in anti-globalization movement often argue that the implications of this phenomenon will be seen in economics, culture, health and employment, and most of the countries are not ready to take on these disadvantages head-on. Taking their seriousness into consideration, it is not at all possible to turn a blind eye towards these negative effects of globalization. The need of the hour, therefore, is to evaluate the pros and cons of this concept to find out which of the two have an edge over the other.