Globalization Is Good
Globalization – Threat or Opportunity? 1 Introduction Globalization is a term used to describe the political, economic and cultural climate of today’s world. Some say it is the movement of people, language, ideas, and products around the world. Others see it as the dominance of multinational corporations and the destruction of cultural identities. Since the dawn of man, economies have been changing and expanding, but most importantly, converging. In recent years, although economic convergence has been occurring for ages, this idea has become a hot topic of political and economic debate. However one chooses to describe it, globalization is surrounded with controversy. With a discussion on globalization comes a set of competing views. Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation of the developing world, and suppression of human rights? These two different views will be covered in this essay. The paper is divided into three different sections: the first one depicts the advantages of globalization. The second section provides a discussion about the treats or short-comings brought by globalization. The last part will explore the myths about globalization.
2 Globalization is a positive trend 2.1Globalization’s Benefits for the World As we move further and further into the twenty-first century, the more clearly we are seeing the advantages of globalization. It has unlimited economic, technical, social and cultural benefits for developing countries. Globalization can mean sharing technological know-how, such as better methods of farming, or it can mean building roads or a dam to give people access to clean water or electricity. In a statistical analysis, globalization proves to have many advantages. During the 20th century global per capita GDP increased almost fivefold, the flow of private capital sharply
2 Globalization is a positive trend 2.1Globalization’s Benefits for the World As we move further and further into the twenty-first century, the more clearly we are seeing the advantages of globalization. It has unlimited economic, technical, social and cultural benefits for developing countries. Globalization can mean sharing technological know-how, such as better methods of farming, or it can mean building roads or a dam to give people access to clean water or electricity. In a statistical analysis, globalization proves to have many advantages. During the 20th century global per capita GDP increased almost fivefold, the flow of private capital sharply
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