Costs and Benefits of Globalization and Localization

For one to understand the costs and benefits of globalization and localization one first needs to understand what each entails. Globalization is when a country involves itself into international affairs, economically, politically or even possibly culturally. Globalization expands beyond the local boundaries of a nation and spreads into other communities throughout the world. Localization is when a country chooses not to participate in global affairs and confines itself and its people from taking part in any type of involvement with any other country. This means that this country does not participate in any economic, political or culture issues with outsiders.

In many articles addressing business today, one can read about the views toward globalization. Many feel as though globalization is the best process a business should pursue. This process of globalization offers a way in which countries can become involved with a nation for common interests. By using the globalization process, a country can learn new ways of technology. For example, the United States could involve itself with a country that mainly depends on farming for their economic stability and learns from them their enhanced techniques that our farmers could apply to make their crops grow better. In turn the U.S. could set up some kind of, trade with this agricultural country. Possibly, the U.S. could teach this country on how to make their economy stronger by becoming involved in the global free trade markets were they could make excellent profits on their produce. This way the United States and the agricultural country would both earn a great deal from this global involvement.

This leads into another advantage for globalization, trade. Some countries have immers...

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... The economy is given a chance to strengthen through trade and allies can be made with international involvement. Also important is the cultures and traditions that can be spread throughout the world when there is communication. Localization also stresses culture but it is only one culture that is being observed. Nationalism is very important for a country and gives its people pride but there does not need to be seclusion from the rest of the world. For the economy, there is a better chance for jobs and facilities to be started within a country that has a global economy booming. All in all I believe the benefits for globalization out way those of localization but it is very important that a country gets involved in globalization but also includes localization in some ways as well.

Work Cited

Rosenau , James. The Complexities and Contradictions of Globalization