The Pros and Cons of Globalization

It is debated whether globalization is an advantage or disadvantage to our society. Everyday you hear it on the news, you read it in the newspaper, and you overhear people talking about it and in every single instance the word globalization seems to have a different meaning. Globalization is the process by which a business or company becomes international or starts to operate on an international level such like the rise of the so-called global economy. It can also bring the world closer through the exchange of goods and products, information, knowledge and culture. But over the years, the rate of this global integration has become much faster and dramatic because of exceptional advancements in technology, communications, science, transport and industry. Globalization say that it helps developing nations catch up to industrialized nations much faster through increased employment and technological advances. Yet, it weakens sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.

The World War II, a second wave of globalization emerged, lasting from 1950 to 1980. It focused on integration between developed countries as Europe, North America, and Japan restored trade regulations through a series of joint trade liberalizations. At this time, third world countries other poor countries were being pushed aside while these three countries renovate trade regulations to restore satisfactory trading. The most recent wave of globalization, which started in 1980, was stimulated by a combination of advances in transportation and communication technologies. Can you imagine not having a cell phone or the Internet? From a student's perspective, this era of globalization, has greatly increased and ...

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...omy and the people living in this country. The EU migrates people coming in the United States.

A disadvantage of globalization is Americans are losing their jobs because corporations move jobs overseas. Thousands of quality jobs are lost every month, jobs that will be performed by people in China, India, Eastern Europe, and elsewhere at a fraction of what American workers earn. Next, since capital is moving overseas it represents lost productivity, trade, and employment at home. Not only are Americans losing jobs but also America is losing out on producing those products. The more jobs Corporate America outsources, the fewer workers there are to pay local, state, and federal taxes, which in the end further punished our struggling public education system. In addition, women are being undervalued. They seem to be the caregivers who take the role of the home life.