From an average American's perspective, globalization is a win-win situation for everyone involvedt. But we fail to see the other end of this situation, where lower-class families around the world are faced with troubles. In countries such as Indonesia and India, American companies purposely set up factories and take advantage of the population by giving them wages below minimum wage to manufacture their products. Families are forced to send their children to work in these factories in order to make enough money to survive. When there is only enough money to put food on the table, living conditions are poor and necessities such as clean water are not as available as they are for us Americans. In other countries such as Colombia, the drug trade is prevalent everywhere and is used as a source of income for many farmers who only want to produce crop for money so their families can prosper. Billions in Aid is given from the U.S government to find a different crop to use but nothing is accomplished as drug shipments continue to come in to America and drug crops are still being produced. If we are ever going to make Globalization beneficial for all, there must be a universal effort to employ laws to protect the lower class who can't afford to protect themselves. American companies purposely make their goods in other countries such as India because their labor practices do not meet US standards and can easily be manipulated for maximum profit. By paying their employees extremely low wages, they are still able to manufacture their products. As a result they pull out more profit that does not have to be given back to their employees due to minimum wage laws not being in effect in these countries. In “Distributional Effects Of Globaliz... ... middle of paper ... ...lar.November 2011 Javdani ,Marie. Plata o Plomo: Silver or Lead. Kennedy,Kennedy, and Aaron .402-405 Kennedy ,XJ,Kennedy,D.M, and Jane E. Aaron,eds. The Brief Bedford Reader. 11th Edition. Boston: Bedford, 2012 Divakaruni, Chitra. Live Free And Starve. Kennedy,Kennedy, and Aaron .396-398. Kennedy ,XJ,Kennedy,D.M, and Jane E. Aaron,eds. The Brief Bedford Reader. 11th Edition. Boston: Bedford, 2012 Kentor ,Jeffrey.”Long Term Effects Of Globalization on Income Inequality, Population Growth, and Economic Development”. Social Problems Vol. 48, No. 4.November 2001. 435-455. Ravallion, M. (2003), The Debate on Globalization, Poverty and Inequality: Why Measurement Matters. International Affairs, 79: 739–753. doi: 10.1111/1468-2346.00334
The term globalization varies from person to person. A consumer typically associates globalization with a store producing more goods, stocking inventory, and updating their styles, however; an anthropological definition of globalization is, “the worldwide intensification of interactions and increased movement of money, people, goods, and ideas within and across national borders,” (Guest, 19). Globalization of the clothing industry is about the “search of cheap, reliable labor to meet the industry’s tight margins,” (Timmerman 7). Timmerman suggests that globalization change our lives and can be for the good or for the bad (8). Globalization is often viewed as a mutual and beneficial process for those involved, because it is perceived as helping those out who are in poverty get a job and make money for their families. On the other hand, it is viewed as a horrific way to abuse individuals in different countries by paying them tremendously trifling wages, working in strident conditions, and overall being treated inadequately by the factory owners. United States corporations exploit different countries around the world such as, China, Indonesia, Mexico and
Globalization helps many people achieve greatness. But for the majority it brings hardships and struggle. People will be plagued by the effects of globalization and will have a tough time over coming it. We are far from reaching a point where we can say we have sustainable prosperity throughout our world. But before we focus in on sustaining prosperity, we must first reach prosperity and bring it to all corners or the earth.
I argue that developing countries and developed countries should share at least the benefit. I suggest that government should set and carry out policies to protect the workers and environment in those areas. I advocate that people are treated fairly and conflicts should be avoided in today’s world. That’s what globalization should bring to the
'Despite the views of many optimists, there are clearly losers as well as winners from the process of globalization.'
Globalization does have positive effects that are felt throughout the world. If we look at the latter part of the 20th century alone, the evidence that globalization reduces poverty is overwhelming. Looking at a variety of measurements – poverty, life expectancy, health, education – more people have become better off at a faster pace in the past sixty years than ever before. And according to the World Bank, trade enabled the developing countries to grow at a rate of 4.3 percent per year during the 1990s, twice the rate of the developed world. As stated by Kanbur, “there is no question that there is now broad agreement that education and health outcomes are on par with income in assessing poverty and the consequences of economic policy” (2011). Globalization is a vital process toward transferring knowledge and education to the world as people from different regions, cultures, and knowledge bases interact with each other. As poin...
Globalization is the action of all nations to interact on a global scale to better the undeveloped countries and to lessen the risk of of one nation to attack another because of their need for a vital product such as oil, minerals, food and especially land. By sharing the wealth of one country with the needs of another country, they develop and obtain higher standard of living that can be reciprocated to the wealthy country in the form of a finished product or a natural resource. Globalization has been a very good thing for America and will continue to do so, when America eliminates unwanted and nonproductive illegal immigrants.with this continued influx of people are resources are at a breaking point.
Is globalization really a good thing? While I will admit there are many positive aspects of globalization such as a higher salary than one would normally receive in these developing countries and being able to offer their children a better education, but at what cost? Many of the factories used by multinational manufacturers in developing nations are subpar in safety regulations compared to those in developed nations which place the workers at risk.
Globalization impacts world economies in more positive ways than not. It opens doors for entrepreneurs and for people with the drive to create a better lives for themselves whether in their own countries or in a different one. On a local level, globalization creates jobs, stability and freedom for people to start their own businesses and get a better education, thus increasing capitalism and growth for the economy. In Poverty, Inc. there was a representation of what poverty stricken communities need to succeed: legal protection from theft and violence, justice in the courts, legal title to one’s land, freedom to start a business, and links to a wider circle of exchange. Without globalization and the expansion of international trade and manufacturing,
I believe this is one of the reasons that companies outsource a lot of their work. Take a T-shirt maker. If they had a factory in the US that would make 20K t-shirts a day. If the same factory was in India or Taiwan, they could make 50K t-shirts a day.
The Four Tigers of East Asia are Hong Kong, Singapore, Taiwan, and South Korea are prominent examples of countries that have managed to dramatically improve their living standards by deregulating their domestic economies and opening up to global markets. From typical Third World poverty in the 1950s, each of these countries has achieved a standard of living today parallel to that of industrialized nations, with per-capita incomes in Hong Kong and Singapore rivalling those of the wealthiest Western nations (www.worldbank.org).
Although many Americans contend that their standard of living has gone down because of globalization, the flip side to this is that hundreds of thousands of people around the world now have jobs, have started their own businesses, and can provide comfort for their families. Living in the U.S., we take things like clean water, shelter and plentiful food for granted. Our standard of living is so high compared to many nations that when we can no longer buy frivolous luxuries, we claim that we are poor. Perhaps a better phrase than wealth equality is “standard of living.” Globalization does several things nobody can deny: it creates jobs, it improves infrastructure and it allows more people to live at a higher global level every day with access to medicine, clean water, food production, and housing. “In the 1960s, non-globalized economies grew at an annual rate of 1.4% while globalized economies grew at 4.7%. Another relationship between globalization and GDP was seen in the 1990s when developing countries had 5.0% annual growth compared to only 2.2% annual growth in economies that had been globalized for longer” _______. This correlation between globalization and annual growth demonstrates benefits to international trade, economic development, and standards of living. Globalization has been blamed for robbing workers of their jobs. Some employment trends in developing and emerging countries appear in parallel as jobs lost in some sectors in OECD (Organization for Economic Cooperation and Development) countries often appear as jobs gained in other
Now, before I bash globalization it is some positive I would like to discuss. Globalization is great for the American economy; we can supply the world with our goods and services, which in turn can possible, relieve the deficit we’re in. “Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services.” (Buzzle) Also, globalization leads to better relations between countries when they create trade agreements. Globalization does not drain every under-developed company but brings a new era of economic change and the hope of being a world super power to certain nations. “Economic globalization gives governments of developing nation’s access to foreign lending. These funds are used on infrastructure including roads, health car...
Globalization refers to the absence of barriers that every country had. Yes, it has helped to demolish the walls that separated us .Globalization, which is the process of growing interdependence among every country in this planet, can be seen as a sign of hopeful and better future by some, but for others it represents a huge disaster for the whole world. That’s why we are going to see the negative effect that globalization has on culture then focus on the ethical disadvantage it brought, to finally talk about the damage it did to skilled workers.
Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.
Globalization is one of the main aspects in the 21st century. Globalization has brought the world closer; all the things that are happening nowadays are recognized globally even if they happened locally (Buckley). According to Nayef Al-Rodhan GCSP (Geneva Centre for Security Policy) globalization is not a single word or concept. It contains many other concepts within itself. Globalization is composed of different concepts like incorporation regarding the economics, transmitting information or understandings, stability within beliefs, and other concepts (Al-Rodhan p.3). This paper deals with the definition of Globalization, the advantages and disadvantages of globalization, and based on these information the views that to which extend the globalization is beneficial for majority of the world's population. The concept of globalization has changed the whole shape of the world. It has both its positive and negative impacts on people's life. However, by taking both the advantages and disadvantages into consideration we can find that to a large extend globalization is beneficial for majority of the world's population. With the help of globalization the works that were difficult in past is getting easier in today's environment. People are getting closer to each other, which is a product of globalization. Moreover, the knowledge and informations are being circulated in very good way which is a very good sign for having a good and prosperous life.