The Pros and Cons of Globalization

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Globalization is a broad concept and the angle taken to define it can

lead us to interpret the idea in many different ways. There is much

controversy about what globalization actually means and many

definitions fail to encompass social, cultural and technological

exchanges between world systems. John Pilger suggests that "it is a

jargon term which journalists and politicians have made fashionable

which is often used in a positive sense to denote a 'Global village'

of free trade, hi-tech marvels and all kinds of possibilities that

transcend class, historical experience and ideology." (J.Pilger

1998:63). Taking a broader point of view, Bilton et al defines

globalization as "The process whereby political, social, economic and

cultural relations increasingly take on a global scale, and which has

profound consequences for individuals, local experiences and everyday

lives." (Bilton et al 1996:5)

The process of globalization has certainly had many changing effects

to the world we live in; it has also changed the way many factors

operate. Globalization is said "to have transformed the structure and

scale of human relationships that social, cultural, political, and

economic processes now operate at a global scale with a consequent

reduction in the significance of other geographical scales."(The

Dictionary of human geography 2004:315)

Globalization has had both positive and negative effects on a local,

national, international and global level. Globalization often brings

benefits at one level which cause negative effects at another, these

results and the scale at which they manifest are often uncertain and

unpredictable. The very nature of its unpredictability causes

instability and introduces risks to all actors involved (many of these

actors unwillingly). The economics of globalization is very relevant

in understanding how processes work and how it affects other issues.

Without the notion of a truly global economy many of the other

consequences such as culture and politics would either cease to be

sustained or become less threatening. In our modern world, finance and

economics is the driving force behind globalization, and globalization

is serving capitalism well.
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