Two Myths of Globalization - Assignment Example

Globalization refers to the increasingly close economic ties among countries. These ties include trade, travel, immigration, shared information sent over the Internet, increased investment in foreign countries, cross-cultural exchanges of students and knowledge, availability to quality education, and an advanced pace of technological advance. Globalization is also closely tied to corporations that operate in many countries at once, as well as to international financial institutions such as the International Monetary Fund (IMF) and the World Bank that enable to help finance the process of globalization and to result in an increased financial outcome.

I am here to show my support for the phenomenon that is globalization. The phenomenon that has changed the world, possibly and positively forever. As Gottesman puts it "If we want to make sense of globalization, we should stop comparing apples (the mature industrial country economies) with oranges (the economies of what used to be called the underdeveloped countries, which are now variously called developing countries or newly industrializing countries- NICs for short).(Gottesman)There are those who oppose globalization. . to quote Persson who appropriately says "Globalization is a powerful force but we need to learn to live with the increased global competition.

" (Persson pg 4). I understand why people fear that globalization causes social ills but when weighed against the benefits it becomes clear that globalization is the clear winner. Fears of the negative impact of globalization can be aptly called false alarms.What about the global satellite TV channels which are beamed across the world. Thanks to globalization these channels have helped increase the empathy of the young in rich countries for the effects of poverty, famines, and civil wars in poorer areas of the world.

It is because of globalization that we are more aware of what is going on in the world around us. To be honest, without globalization most of the NGO's that rally against it would fail to gather and organize themselves across the world!! Why would an individual sitting in Pakistan help an NGO called Greenpeace if they didn't know what Greenpeace stood for How this individual is aware of Greenpeace is a result of what can most simply be called Globalization? The people who stand up against globalization benefit from it just as much as everyone else.

The adverse social effects of globalization are mistaken. Globalization, in fact, has helped reduce poverty and the use of child labor, fosters women's rights, promote respect for democratic norms, enriches culture, and even sustains the environment. Multinational corporations are not wreaking havoc by leveling wages and labor standards across the globe. In fact, they raise them.