Essay about Globalization - A Two Edged Sword

Essay about Globalization - A Two Edged Sword

Length: 804 words (2.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

In all aspects of the Universe there are opposite forces that work against each other for good and for bad. In Physics there is cause and effect, in nature death must occur to sustain life, and in Globalization some parties will benefit while others will endure misfortunes. In all of these examples if one aspect is mismanaged it could negatively impact the balance that so closely depends on each other for success. In Globalization these misfortunes are made very apparent if they are mismanaged which could result in deadly consequences. As Dr. Joseph Stiglitz put it in his article Making Globalization Work, “Globalization is a two edged sword”.

How far and how deep will the sword reach?

Many years ago prior to the Global Technology boom, if changes were made to a specific market the impact of the two edged sword could stretch out as far as a neighboring farm, or even perhaps a neighboring state. But, since the introduction of Internet, World trade (Stock Market), and Politics, the depth of the effects of changes in a market and how its Managed travel worldwide. We no longer live in a world that is flat where changes affect individuals. Changes impact Countries directly and can place a Country into poverty, or make them flourish.
In 2007 70% of the developing world directly depends on agriculture as a means of maintain their way of life. What this means is that prior to Globalization certain markets had advantages based on geography, skill level of worker, and competition being low. This allowed undeveloped countries to compete in those specific markets in order to maintain and sustain their way of life with the opportunity to invest in new ventures. With Globalization taking place the “little guys” in the market a...

... middle of paper ...

...ave and will continue to occur. We as a planet must consider our actions and how they affect others. We can no longer assume that our decision have little effect on the modern world. If we continue to mismanage our Global market which results in countries being unable to heal their medical epidemic, or children dying of starvation, and the poor becoming poorer while rich become richer. I ask this question? When all the people that dwell abroad who are purchasing your products, or are digesting your foods no longer exist, who then will support your market that so happily feels your wallet? We must make changes to ensure humanity continues to succeed as a whole. We must share the wealth so we become less dependent on our resources and become more dependent on each other.

Joseph E. Stiglitz, Making Globalization Work W. W. Norton & Company; September 17, 2007

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Impact Of Globalization On The World Essay

- The opening of world markets and the virtually unbound circulation of goods, information and resources have presented a double edged sword. Stevens (2007), defines globalization as, "a process of worldwide integration through the movement of goods and capital, expansion of democratic institutions and human rights, access to information, and migration of people (p. 1). The impact of globalization is visible in political, social and economic systems the world over. The rapidly changing landscape of the world, promulgated by political and commercial interests contributed to the multitude of factors that perpetrated financial, political and social degradation in many parts of the world....   [tags: Ethics, Business ethics, Morality, Ethical code]

Better Essays
1252 words (3.6 pages)

Perceptions And Realities Of Globalization Essay

- Wealthy societies, which have established highly advanced diversified economies and secure, stable governments, are considered the core economies. The United States, Canada, Japan, along with several other countries are included in this category. According to The World Factbook, the United States has “the largest and most technologically powerful economy in the world” with “U.S. firms at or near the forefront in technological advances in all economic sectors, especially in computer and software technologies and in medical, aerospace, and military equipment” (United States Central Intelligence Agency)....   [tags: Free Trade, Global Commerce]

Better Essays
1990 words (5.7 pages)

Globalization Is A Double Edge Sword Essay

- Introduction Economic globalization phenomenon has gradually come into people’s eyesight since the 1980s. According to Gao Shangquan’s article (2000), the economic globalization means that the world economy has become interdependent, cross-border trade and the spread of goods, services, international flows of capital and technology become more efficient. The progress of science and technology is the main driving force of economic globalization. It is undeniable that globalization can help the world economy becomes more prosperous....   [tags: International trade, Globalization, Economics]

Better Essays
830 words (2.4 pages)

China 's Double Edged Sword Essay

- China’s Double Edged Sword Interregnum, painted by the Chinese artist Hung Liu, is a massive oil painting created circa 2002. With the intentional application of several principles and elements of art in her work, Liu effectively depicts her late Asian culture’s traditional aspects while also exposing the harsh reality of China’s Communist society. Hung Liu incorporates a variety of styles into Interregnum while also utilizing color and line to visually communicate the subject matter to the viewer....   [tags: China, Tang Dynasty, Chinese calendar]

Better Essays
721 words (2.1 pages)

The International Monetary System Essay example

- Throughout history the international monetary system has undergone profound changes and constant evolution. During the sixteenth to the mid-eighteenth century Mercantilism was the predominant system in which power and increased wealth mostly gold, silver and raw materials from the colonies. It was a period in which the "wealth was power, and power was wealth." Followed mercantilism began the period of industrialization or the British Industrial Revolution. This period was characterized because Britain was the hegemonic, the first country to industrialize....   [tags: Globalization, Evolution, Influences]

Better Essays
645 words (1.8 pages)

The Thre-Edged Sword: Abortion Essay

- ... They say that personhood begins at birth, not at conception.. They claim that fetuses are incapable of feeling pain when an abortion is performed. They claim that modern abortion procedures are safe and provide access to legal, professionally-performed abortions reduces injury and death caused by unsafe, illegal abortions. They believe that access to abortion is necessary because contraceptives are not always readily available, and motherhood must never be a punishment for having sexual intercourse....   [tags: Pro-Choice, Pro-Life, somewhere in the middle]

Better Essays
2419 words (6.9 pages)

Cartoons: A Double-Edged Sword? Essay

- Our children live in a world based on fantasy in a medium that most people have access to. This medium does not require complex skills to get information, which is why cartoons have become a double-edged sword. We know that cartoons are directed to children and therefore should have a positive influence on them, but this varies according to the programming and control of parents over their children. Most kids are pulled into the world of television long before they even enter school. In 2009, in an article written by the American Academy of Pediatrics (AAP), reported that every kid in America under the age of 6 watches an average of about 2 hours of screen media a day, primarily TV (1495-1...   [tags: Television]

Better Essays
1612 words (4.6 pages)

Tourism: A Double-Edged Sword Essay

- Tourism is something seen as common and in most cases, good for the economy as well as for a person in need of a vacation. From one person’s point of view, it would seem as if nothing was ever wrong with tourism. However, if one was to read A Small Place by Jamaica Kincaid, one might see a different approach to the idea of tourism. Through exploring the problems of the island of Antigua, Kincaid shows one the ways in which tourism obscures the island's struggles. In this sense, A Small Place tells one that tourism is a double-edged sword – while it provides money for the nation, it also exploits it....   [tags: tourism, antigua, jamaica kincaid]

Better Essays
1019 words (2.9 pages)

Stress, The Double-Edged Sword Essay

- Stress, The Double-Edged Sword Stress, it is a part of our life that we can't not avoid or escape. There probably isn't anyone in the world today that hasn't dealt with it. It dwells in the work place, at school, in the home and most importantly, in you. So what is stress. And why do we have something that does us so much harm. Simply put, stress is an adaptive response, your body's response to an emotionally disturbing, disquieting or threatening event (1). Often times, it is the tension caused when demands from work, family and oneself can't not be met....   [tags: Biology Essays Research Papers]

Better Essays
1519 words (4.3 pages)

Essay on Cloning: The Double-Edged Sword

- Cloning: The Double-Edged Sword Such a furore was created when the birth of Dolly the sheep; the first successfully cloned mammal, was announced to the world in 1997, that the scientific community was gasping for air. Time and space seemed to have come to a virtual standstill as scientists vigorously, not to mention obsessively, hypothesized the cosmic future potential of Dr. Wilmut's team's revolutionary breakthrough in the dynamic realm of science. The euphoria of the moment, it seems, took some time to settle before scientists began to unravel the possible detrimental ramifications of the discovery....   [tags: Biology]

Free Essays
445 words (1.3 pages)