Economic globalization has many benefits. It promotes stability and the sharing of skills. It allows people in poor countries to see goods and services offered for lower prices. It is a necessary road to the future as economic nationalism only produces isolationism, racism, immigration restrictions, poverty, and warfare.Economic globalization is a great way to raise everyone's standards of living.
While globalization may have it's downsides, it has brought the world a lot of good chance. Without it advanced medicine and technology would be impossible and you would no longer be able to go to your favorite chineese restaurant across the street. Because of globalization, we have access to what the whole world has to offer us and turning our back on it is not the answer.
Globalization creates new ideas, technology and trends its essential and keeps new things happening constantly it means thing are always improving which is making things easier for us to do. I think globalization is an essential part of our society it keeps things interesting and means we can share ideas.
I am a big believer in free trade, worldwide. Even countries that have not been developed can try to compete with the natural resources they have, or special products that are available only in their countries. Economic globalization rewards everyone that competes, and only punishes those that try to protect their countries economies from competition.
Free trade lets resources flow to where they have the highest return. Resources are used more efficiently (comparative advantage), and there is job creation and improved human welfare. Also, trade creates greater peace between countries, as they rely on each other for resources. Look all throughout history, trade has connected nations and (to a degree) reduced tensions.
Making the world more economically in sync is the best option we have to preventing wars from being declared and to help improve the lifestyles of people in distant countries that doesnt involve billions in investments.
It is good that the entire world is getting along peacefully enough to trade goods and commodities with each other. Different people have different specialties, so this allows us to have the best quality stuff at the best price. My only hope for this economic globalization is that the message of true economic and social freedom is passed from country to country, so that we have a world of free, proud human beings.
The more intertwined that international economies are, the better. Political tensions are easily high, at times, between China and the United States of America, as they have very different societies and cultures. However, due to their economic symbiosis, there exists stability and peace between them, which has a stabilizing effect around the world. It also allows the people of both nations to benefit from the cross-Pacific trade. This sort of thing takes place between all countries that are open to the global marketplace.
I believe economic globalization is good for the world for a couple of reasons. One reason is that some countries that do not have certain resources they need then have the opportunity to bring those resources in because some other country does produce those resources. Another reason is that it benefits poorer countries who do have valuable resources that they can export for money or other resources that they need.
Economic globalization would be good for the world. I believe this would lead to economic prosperity throughout the globe, which would lead to more economic equality. This rising standard of living will go far to prevent civil unrest, which will in turn lead to a more peaceful and healthy populace.
Economic globalization is good for the world. It enables every country to be united and work together, from all over the world. When one country works alone, it can not accomplish nearly as much as it is when united with multiple nations. When one nation is weak, the other will be able to come to its aid.
I think that globalisation is good for the economic state of the world because it brings nations together, it improves the economic state of the world. It also improves transportation and trade between countries. Another good point about globalization is that it makes the world work together as one, and improves communications and relationships between countries.
Globalization is not good in the sense that if the number of people in the world increases employment opportunities will be fewer and more poverty and more mouths to feed and the more people spent more ecological resources, more schools were needed in addition to the children and more employment.
Globalization will not benefit the ordinary citizen in the long run. It will create over-exploitation of natural resources around the world and will encourage corporate imperialism. Governments no longer represent the people rather the global corporations, whose sole purpose is to create profit for themselves! There are already countless situations of the displacement of people in various parts of the world where governments have made agreements and pushed the locals from their lands, making them refugees in their own countries. People have been killed by their governments who support global exploitation. There is no consideration by the global establishment towards the indigenous civilizations it destroys and global government would only exacerbate the situations! There would be no democratic process, rather decisions would be made from unelected faceless bureaucrats who would have no sensitivity towards the various peoples in their various lands! History has proven that human nature is greedy and corrupt and globalization will increase this a thousand fold.
From a microeconomic point of view, globalization is good because it allows a wealthy country access to the cheaper labor of a "poor" country owing to the workers of the latter country being oppressed in ways that would be unlawful in the former. To microeconomics, this is a good thing because cheaper is better, period. Microeconomists call this "efficiency," or "comparative advantage. However, microeconomics ignores the long-term effects of this practice. which is to devalue labor in the former country. In effect, it's an end run around the laws in the wealthy country that protect workers from abuse. The trade in the fruits of oppression, as opposed to being the oppressors, is little different than trading in the fruits of theft, rather than being the thief. Absolute freedom to trade with whomever we like necessarily means that we are free to trade in stolen goods. Is this what we want? I think not.
The first (unsubstantiated) assertion of free-lunch-traders is that "there is no reason that political boundaries have to be economic boundaries." False. Economics the study of commerce. Commerce is the exchange of property. Property is a set of rights. Rights are political. Therefore, political boundaries ARE economic boundaries. Abridging those boundaries results in a deflationary spiral, with the "sick" countries infecting the healthy ones. It's like a bilateral transfusion between a sick and healthy person - the sick person gains nothing, but the healthy person becomes sick. Bad, bad idea.
Developed countries are just developing even more, rich are getting richer and poor are getting poorer. Greed is overwhelming and no one is taking care of weak people. Globalization is not creating unity but rather inequality. The whole world is being westernized and brainwashed by idea of capitalism. We are becoming slaves to money and thinking only as consumers, all other values are being dismissed.
Opening the economy up to the world just makes it so that if anything happens anywhere in the world, it affects everyone. A drought in China or a hurricane in Mexico causes a world wide economic collapse. Bad things happen, many of them are unavoidable and the rest of the world should not have to suffer every time a business that took the risk to live in a high risk disaster area gets hit.
Economic globalization leads to the down fall of countries economies. According to the European Free trade agreement the countries who join have their currencies weighed with the others so it widens the gap between the rich and the poor. The poor countries will become poorer while the rich gain more because they are worth more therefore buying from the poor because its cheaper and it puts the poor into crisis because they cannot meet the demand or cost of producing the products.
This will need a group to manage it, that group will have "Power" over the people regardless if people see it or not. Giving people power corrupts them in general. Smaller government is the way to go.