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.
I think that globalization is a great benefit to not only our world, but to the economy itself. It provides us with ways to outsource our major companies to different parts of the world, where it will decrease the amount of poverty and provide these people with jobs. This will also result in cheaper prices for everyday items that we buy, which is VERY good for us.
Globalisation is good because world can connect on an economical level and find stability even with different cultures. Promotes products around the world and brands allowing LEDC's to invest in products affordable for them. The competitive nature of globalisation forces companies to create a high level of quality and standards in their products satisfying the buyer more as well.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.