Globalization's Effects on People
GLOBALISATION’S EFFECTS ON PEOPLE
‘’Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology’’.(www.globalisation101.org). Globalization has effects on the environment, political views, economic development, and culture in the societies in all over the world. In recent years, due to the developed technology, reduction of barriers made globalization much faster. Today, apparently, globalization provides a lot of opportunities for us like reducing poverty and improving life standards. For example, China reduced its poverty by manufacturing cheaper imports. However, beside of benefits, there are some disadvantages of globalization ‘’Some countries have been unable to take advantage of globalization and their standards of living are dropping further behind the richest countries. The gap in incomes between the 20% of the richest and the poorest countries has grown from 30 to 1 in 1960 to 82 to 1 in 1995’’. (www.globaleducation.edna.edu.au). Although, globalization has a lot of advantages, it also has some disadvantages in terms of economy and society. For thousands of years, people have been buying and selling each other at great distances such as silk roads which is started in China and continued onwards towards Europe is one of the oldest commercial links between countries. From China to Europe, people have done trade. Actually, the current way of globalization came up with the before the first outbreak of the First World War.’’ Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion’’. (www.globalization101.org). Since the World War II, many governments have adopted free market economy. Then, governments have established international agreements to promote trade in
‘’Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology’’.(www.globalisation101.org). Globalization has effects on the environment, political views, economic development, and culture in the societies in all over the world. In recent years, due to the developed technology, reduction of barriers made globalization much faster. Today, apparently, globalization provides a lot of opportunities for us like reducing poverty and improving life standards. For example, China reduced its poverty by manufacturing cheaper imports. However, beside of benefits, there are some disadvantages of globalization ‘’Some countries have been unable to take advantage of globalization and their standards of living are dropping further behind the richest countries. The gap in incomes between the 20% of the richest and the poorest countries has grown from 30 to 1 in 1960 to 82 to 1 in 1995’’. (www.globaleducation.edna.edu.au). Although, globalization has a lot of advantages, it also has some disadvantages in terms of economy and society. For thousands of years, people have been buying and selling each other at great distances such as silk roads which is started in China and continued onwards towards Europe is one of the oldest commercial links between countries. From China to Europe, people have done trade. Actually, the current way of globalization came up with the before the first outbreak of the First World War.’’ Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion’’. (www.globalization101.org). Since the World War II, many governments have adopted free market economy. Then, governments have established international agreements to promote trade in
Bibliography: - http://www.globaled.org/issues/176.pdf - http://www.globaleducation.edna.edu.au/globaled/go/pid/178 - http://www.globalization101.org/ - http://www.globalization101.org/What_is_Globalization.html - http://www.americans-world.org/digest/global_issues/globalization/culture.cfm - Cheruiyot, Kiplangat. ‘’Our languages are dying’’. February 24,2003. http://www.globalpolicy.org/component/content/article/162/27601.html - Shah, Anup. Brain Drain of Workers from Poor to Rich Countries. April 14,2006. http://www.globalissues.org/article/599/brain-drain-of-workers-from-poor-to-rich-countries