Costs and Benefits of Globalization and Localization

analytical Essay
1726 words
1726 words

When people realized that the earth was round, their curiosity peeked. Explorers set out to discover what exactly was in place. They returned to their homelands with new ideas, new products, and an increased knowledge about a world that appeared to increase in size. While today, we realize that the earth, did not in fact become larger; people just became aware of what was out there. Today the world still appears to "grow"; yet, there is a debate as to whether or not this is beneficial. In the times of Christopher Columbus, the expansion of the globe was referred to as exploration. At the moment, this "exploration" period is often termed globalization. There are many other differences than just a change in name. In the past, people were anxious to share knowledge and learn about new things that they could apply to their country. However, today the attitudes of some have changed since the days of their ancestors. Critics of globalization feel that it is more beneficial for their country to remain independent of the influence of other countries. They are not welcome to the so-called benefits that have been introduced in their country. Globalization is seen as a threat to their political system, their economy, and their country. They believe in localization. They are more concerned with what occurs within their boundaries. Proponents of globalization on the other hand, are still interested in exploring. To them, globalization can do nothing but help their respective country flourish among those of the rest of the world. Here, the benefits to the political, social, and economical realms of their land are aided by their increased knowledge gained from fellow countries.

Localization focuses on keeping relations within the country. Sup...

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...are to maintain a balance between globalization and localization. The aforementioned should especially be applied to those countries that are still undergoing development. Globalization does not intend to obliterate every individual country's roots, rather it just strives to help each country accomplish its goals.


"IMF Highlights Benefits of Globalization for All Countries" Berta Gomes and Jonathan Schaffer. 28 April 1997.

"A Swedish Dilemma: The Immigrant Ghetto" The New York Times. Warren Hoge. 6 October 1998.

"Clinton Appeals for Joint Attack in Economic Crisis" The New York Times. David E. Sanger. 6 October 1998.

In this essay, the author

  • Analyzes how the expansion of the globe was referred to as exploration, but the attitudes of some have changed since the days of their ancestors.
  • Argues that globalization and localization are topics that affect almost everyone. rinkeby, sweden is tangled up in some immigration problems.
  • Explains that the need for globalization is an issue that is facing many of the world’s powerful economies.
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