An interesting way to think about this is that Globalization is comparable to a jungle. It sorta runs on the rule of survival of the fittest. Therefore, we either flourish or we perish.
What is Globalization?
To simply put it, globalization is the result when the trade and cultural exchange brings the world to be extremely interconnected. When this happens, different countries come together and form a large global economy. This makes the international trade much, much easier. If you haven’t gotten the full idea of globalization, then maybe you would understand this definition better if you knew that globalization happens when the barriers between national economies get “broken” down and there is this large rush of services, goodies, investments, capital flow, technology and labor immigration which
If you haven’t gotten the full idea of globalization, then maybe you would understand this definition better if you knew that globalization happens when the barriers between national economies get “broken” down and there is this large rush of services, goodies, investments, capital flow, technology and labor immigration which get encouraged.
Basically, globalization is the process of when different countries come together through trade and others.
What are the Pros of Globalization??
Well, in my opinion, I think globalization is great in some many ways also because it allows people to communicate, elaborate and link together. And, because of Globalization, some parts of the has changed the ways that other people (maybe including yourself) travel, arrange and do meetings and see the world.
According to Future of Working, below are the following pros:
- It Improves the Global Economy
This is a big help to different companies as it aids them to reach huge and rapidly expanding markets every day. This helps Global Economy through the access of international sale and business.
- The Expansion of the Knowledge of Foreign Cultures
Because of globalization, people from different places on earth are given the opportunity and access to freely communicate with each other. This helps people to destroy that cultural barrier that has hurt the integration of countries for centuries. This helps to gain a better understanding of the different life – styles different people go through.
- Free Trade! = Happy Economy
Since globalization lifts those invisible gates of heavy and crazy taxes and annoying restrictions, people are able to sell goods around the world to help other struggling economies.With this, poverty and unemployment rates are improving.
These are most of the pros that I’ve just bombarded with you, which I hope you understood. ^_~
What are the Cons of Globalization???
Since there are pros there are cons….. well, except for pizza, all they have are pros.
So, you probably knew this day would come. The day where you learned the bad side of globalization. Yes, yes, I know…. you might be wondering “huh?!?!?!?” Just kidding.
There are always to side to a story, just like a coin. We’ve learned the good side but now to learn the bad side | A.K.A | the cons. DUN! DUN!! DUN!!!
The Cons of Globalization:
- Rich become Richer | Non-rich become poorer
This is one of the top problems of globalization. Just from the title, I’m pretty sure you understand this is a big con. Actually, this is a pro for the rich and a con for the poor. How unfair is it that the non-rich become poorer?!
- Smaller Countries Suffer the Most
Unfortunately for less developed countries, they don’t normally get the benefit from globalization and instead suffer from it. But, this is the case that smaller and less developed countries encounter. I feel like we need to help these less developed countries and enable to get the same amount of level playing field benefits that globalization offers.
- Negative Impact on Environment
In the process of trading and transporting goods from one place to another, the amount of fuel generated and used contributes and increases in the pollution levels in the environment. It is kinda sad that some places have the guts to actually cut down mountains in order to create tunnels or highways. Unfortunately, more roads are being seen by most as progress rather than the destruction of our earth. Another example that struck me was the incident that occurred in 2010 when one of the containers of the British Petroleum leaked and caused damage to the ecosystem. But, wait! There’s more. Unfortunately. The consumption of plastic has grown as they’ve used it for packaging and preserving the goods. Not only is plastic terrible when exposed to the sun for quite some time (which could happen during the hours of traveling) but because of this, it has led to widespread environmental pollution.
- Loss of Cultural Identity
As I might have mentioned above, globalization allows people to learn more and more about different cultures and other languages. The thing is the increased number of people moving from one place to another and spreading their cultures, the original culture seems to be fading. Now, let’s think about it.