The Drawbacks Of Globalization - 920 Words

You either hate it or you love it. Globalization. Has its benefits and has its drawbacks. Do the benefits overturn the drawbacks? Benefits include the spread of new culture, jobs, diversity, as well as careers. It improves the global economy, expands knowledge of foreign cultures, and free trade equals a happy economy. Drawbacks of globalization include, taking jobs away from locals, people move country to country wherever they can make the most money and leave the poorer countries which in turn makes the poor countries poorer, and loss of culture, every country could eventually run the same way. Globalization in America has its benefits because it allow us to become familiar with other cultures, but it can take away jobs in American†¦show more content†¦Karl Marx is a big reason globalization got started. He wanted to turn the world into a single marketplace where people could exchange goods and live throughout multiple areas. I like the idea of globalization, in terms of h ow Karl Marx invisioned it. I also think there needs to be a way for everyone to benefit from it. Althought that might not be realistic in the sense that that countries that are going to benefit the most are the countries that start out with something unlike some third world countries for example that have to start out with nothing. I am not the type of person who only buys American made products. Therefore, I am not helping these countries either. My car isn’t American made, most of my clothes aren’t American made, my furniture in my apartment, my IPhone, IPad, Apple computer are all made in China. In the article, â€Å"How Sushi Went Global† gave many good examples about the good and bad of globalization. Tuna is a very hot comatatity all around the world because of Sushi. It is also becoming harder and harder to get because so many people are wanting it. In this article it talked about the process of catching tuna, and how it gets ships all around the world once it is caught to make a profit. I love sushi, so I am in the sense providing income for these countries. Something interesting about this article was how itShow MoreRelatedGlobalization: Advantages and Drawbacks601 Words   |  2 PagesThere 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, an d socially. Products available for consumption, the environment, culture, security, and exchange between different countriesRead More The Benefits and Drawbacks of Globalization Essay3031 Words   |  13 Pagescountries will have to adapt to the cultures of powerful eastern countries. In conclusion, globalisation has both benefits and drawbacks. On the economic side of globalisation the benefits include higher GDP for both poor and rich countries. They also include foreign investment into poor countries giving them a greater chance to develop. The economic drawbacks include increased inequality of income; that is to say that there is wider gap between the rich and poor of country and this is trueRead MoreEssay on The Benefits and Drawbacks of Globalization1396 Words   |  6 PagesGlobalization can be defined as the ability to produce and good or service anywhere in the world using capital, technology and components from anywhere and to sell the output anywhere and place the profits anywhere - - Peter Jay, BBC Economics Corrospondent, 1996 Rather than lead to economic benefits for all people, economic globalization has brought the planet to the brink of environmental catastrophe, social unrest that is unprecedented, economies of most countries in shambles, an increaseRead MoreGlobalization And The Global Migration903 Words   |  4 Pagesthe country. Globalization is the global economic integration of the global market. In recent time, there were many migrations because of the process of globalization. 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He has also opposed the flat world’s concept of Friedman and has statedRead MoreThe Integration Of Globalization907 Words   |  4 PagesThe Relevancy of Globalization The term ‘globalization’ has become the paradigm of explaining the interconnectedness of the world and its inhabitants. While there are numerous definitions, the one coined by Gao Shangquan fits into context: Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. Since the beginningRead MoreGlobalization in Thai1612 Words   |  7 PagesGlobalization in Thailand Nowadays, many countries around the world have established gradually closer contact, which is the result of unprecedented changes in communications, multinational company, transportation, and deregulation market. This phenomenon is known as globalization. Globalization causes changes in cultures, economies, laws, migrations, and politics across the globe. There are many people from the West who know Eastern culture. For example, Asians use chopsticks to eat and bowing isRead MoreAbstract. This Paper Will Discuss The Benefits And Drawbacks1720 Words   |  7 PagesAbstract This paper will discuss the benefits and drawbacks from the point of view that globalization made in the developing countries in the three important fields such as economic and trade processes, education and health systems and culture effects. It is consists of four paragraphs. In paragraph one, the benefits and detriment of globalization in the economic and trade processes field will be discussed. Then, in paragraph two, the impact of globalization on education and health systems in both sidesRead MorePros and Cons of Globalization for Suppliers and Businesses Essay538 Words   |  3 PagesAlmost every business has been affected by globalization during the last few decades. The main changes for businesses have been in technology, competition and the exchange of information. For suppliers to keep pace with the economy they have to understand the advantages and disadvantages of globalization and how it works. The three main benefits of technology are a higher quality of the product or service, and the saving of money and time. For businesses to increase the sales and be able to keepRead MoreGlobalization : The Super Story1366 Words   |  6 PagesFriedman’s article, Globalization: The Super-Story, he defines globalization as the inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before. In simple terms, globalization is the process of international mingle that comes from the interchange of world views. Friedman is one of the key protagonists of the concept of globalization and defines this new system with a series of key words and three balances which make up the globalization system. Friedman