Pros And Cons Of Globarization

Globarization, which is known as the process of international integration arising from the interchange of world view, products, idea and other aspect of culture. This process have effect on the enviroment, on political system, on economic development and prosperity, and human physical well-being in societies around the world. In the aspect of economic development, economic globarization is the increasing economic integration and interdependence of national, regional and economies across the world through an intensifcation of cross-border movement of goods, services and technologies and capital. Globarization has raised powerful debates between optimimists and pessimists. Optimists see the globarization as a “parusia” of the Technological Man,
The globarization that understood by the economist, is most of the time when someone speaks about globarization, he or she will refer to a multitude of phenomena which usually have less or nothing to do with globarization. Globarization is the result of the phenomena which the default of the barriers on the international commerce, the unprecedented development of the capitalist market which demands a greater freedo of movement, acceleration migration and the increase of the direct foreign investment and technological transfer. The phenomena is resulted through the eye of the economist. To study the impacts of globarization on poverty, there are two different dimension which is the poverty within the country and the poverty between the
The starting point of the frst wave of globarization was the combination between the reduction of transportation costs and the downfall of the tarrif barriers. This has made possible the optimum use of the countries’ economical potentia which the labor force migration and capital circulation substantially increased. According to the World Bank, in the year 1870, the foreign capital stock that could be found in the developing countries represented only 9% of their income. Until the year 1914, he foreign capital stocked in developing countries has reached 32% of their income, which is according to the world bank. This phenomena stated that the drawing of foreign capital and the development of some financial instituations within the market in the developing countries is