Its keeps the money in the hands of the rich. Keep the poor people poor. They deserve it. The rich earned it they get to keep it. Have the poor people work in the cotton fields like it was in the good old days. Let the south secede and make the confederate states
While some may argue that economic globalization has led to human rights abuses and income inequality across the world, it is fundamentally a good thing. Economic globalization forces us to examine which countries have a comparative advantage in one type of resource extraction and production. This allows us to more efficiently use the resources at our disposal. It reduces costly labor hours by allowing us to specialize in certain products. The negative side-effects of human rights and environmental issues are not a necessary byproduct of economic globalization. We have seen examples of legislation that allow countries to exchange goods in non-exploitative ways. I would encourage further economic globalization, with a focus on regulating trade practices to ensure more equitable distribution of capital.
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.
Globalization is good for the world, because people from all around the world work together. That makes it easier to communicate between different places on the earth, for example through the social networks like Facebook and twitter. Because you can access it in most parts of the world, information can be exchanged easier and faster than through any other tool. People from one place in the world can get information about places they never visited before, or they can get information about something that just happened in places around the world. That makes it a lot easier to help others in situations like the missing plane in Malaysia where many different countries try to help finding the plane. That wouldn’t be possible without globalization, because the other countries wouldn’t know about it or they just don’t care about all the other countries. It’s also easier to invent new technologies. If somebody discovers a new technology, other experts around the world get informed about that and they can help him work on his project. The different countries don’t work against each other anymore; they help each other to find a way to solve a problem. Because we share new technology, it’s easier to use that technology and develop new products.
We should not think always about ourselves but we should atleast some times think about the members who are living in poverty.Due to this process the poor are not gelling a proper respect or equality in the society.More over due to this people are becoming greedy and money minded which destroys human values
1. The development of international tourism
2. Free trade can also be able to improve the quality of economy
3. Through globalization, people may become aware of incidents very quickly
4. Globalization encourages countries around the world to provide typical western services
5. It makes people more familiar with other cultures, and they are exposed to new ideas about food, goods, and services
6. International trade is vital to the economies of most countries around the world
There are more flights per day than some years before. Flight companies have more freedom to flight from one country to another one and there are some low cost flight companies where you could buy cheap flight tickets. Another good reason for globalization, world is nowadays strongly connected with Internet. It is a big net where you can find a lot of information, shared photos, music, histories and friends. You could also get in touch with your friends, who stay far away, and know new friends in chats or group of discussion. It is a good way also to find new friends with the music: you can find so many small groups from different countries who put their music in their web pages.
Because of globalization, the world has more knowledge of history, and of science, and of geography, and of maths, and just more knowledge altogether. Imagine that Captain Cook hadn’t sailed and discovered Australia. Then Britain wouldn’t have any knowledge of Australia, no knowledge of the Aboriginal people, no knowledge of Aboriginal language or culture. Australian civilisation wouldn’t be like it is today- in fact Aboriginal people would probably still be living the way they used to live in those days, ignorant to the rest of the world and their minds would only be set on surviving and getting through life. If Captain Cook hadn’t discovered Australia, people also wouldn’t know of all the animal and plant species living in Australia, and a lot of the plants in Australia are used as medicines to cure diseases, but because they wouldn’t have been discovered if Captain Cook hadn’t found Australia, there wouldn’t be any cures for all those diseases, and many deaths would occur.
1. It creates jobs--millions have been created in developing countries. 2. We are better off as consumers since we get cheaper and better products. 3. Though small producers face greater competition, it forces them to provide better quality goods and services. The quality of goods and services in India and China (pre-1991 and pre-1979 respectively) was unbelievably shoddy. 4. As employees, we have more and better choices. Thirty years ago, the starting salary for a MBA from leading Indian schools was US$200-300. Today it is several times greater, even after adjusting for inflation and exchange rates.
Globalization is good; by outsourcing low skilled jobs to foreign markets, companies are able to utilize cheap labor, resulting in lower prices for the consumer. Although many people in the U.S. Are upset about the loss of these unskilled jobs, they are also upset about high prices. Outsourcing not only leads to these treasured lower prices, but also leads to the creation of new and better products, as well as the creation of a foreign middle class. This may not seem important to the upset U.S. Citizen, but is important to the economy. By creating foreign jobs and income, this new class now has the opportunity to purchase U.S. Goods and services. Globalization is reciprocal--creating jobs abroad helps create jobs here. Over paying for an employee that has low skill only hurts the consumer. Product prices rise, resulting in less value for the consumer. There is a solution to the loss of U.S. Jobs--education and training. By taking a low skilled worker and educating or retraining them, the worker will be qualified for a higher paying job.
Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss real-world problems. In particular, they miss the point that the world is finite. We don’t have infinite resources, or unlimited ability to handle excess pollution. So we are setting up a “solution” that is at best temporary.
Economists also tend to look at results too narrowly–from the point of view of a business that can expand, or a worker who has plenty of money, even though these users are not typical. In real life, businesses are facing increased competition, and the worker may be laid off because of greater competition.
The following is a list of reasons why globalization is not living up to what was promised, and is, in fact, a very major problem.
1. Globalization uses up finite resources more quickly. As an example, China joined the world trade organization in December 2001. In 2002, its coal use began rising rapidly
Even though this economic globalization has a lot of benefits, there is one specific thing that gets me going on about why globalization is really bad for the world. This is because of how large MNC's like Walmart are using factories in China. The rooms that the workers have are extremely small, dirty, smelly and to go along with that they have 5 or 6 people with them in the same room. The workers are paid so little (33 cents an hour) that they can barely or even not afford food for themselves. The workers don't have good conditions where they work and just live in hell. Also these MNC's have more political power than some countries that are less developed. And when these large MNC's go into less developed countries they kill the environment around them to make large factories, that are unsafe for workers. And this is all because of the outsourcing that is evilly used by these MNC's. They pay cheap labor, use cheaper capitol resources and the nations they go into have loose environmental laws. But on the other hand, because the MNC's outsourcing is cheap we have cheap products (which I like). There is my opinion on Globalization.
It's a bad process as the workers in the LEDCs are paid extremely low amount of money, especially considering the condition they have to work in as well as the long hours they have to work. It is clear that many of the companies employing these workers/manufacturers have enough profit to increase the standard of living for these people but instead they are greedy and don't, benefiting themselves in the rich countries rather than supporting and increasing the development in the poorer countries.
I don't 100 percent think globalization is bad I just think that it hurts the of the free trade transnational companies who work long hours and get paid like less the 25 cents a day. Its not fair to them. But then theres the good side which offers fair trade with makes sure that the workers get paid a fair amount and dont work long hours. Globalization also is bad for the local small town businesses. Im more for the side that globalization is bad for us.
As a First Nations person, my views on globalization are very negative. Although many people are rich and wealthy because of globalization, others had to suffer. Native peoples have been suffering because of globalization. In Canada, some of the reserves' conditions are alike the conditions in developing countries. If Canada is so prosperous, why can't the people who originally lived here, afford health care, education or housing? We were perfectly fine before "Whiteman" came.
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.
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.
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.
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.
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.