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Positive and Negative Attributes of Globalization - Coursework Example

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The paper "Positive and Negative Attributes of Globalization" is a great example of business coursework. Globalization is a process of going to a more interconnected world. Globalization is also a process of international integration arising and enabling the exchange of world views, ideas and cultural aspects in a simple and simplified platform…
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PROS AND CONS OF GLOBALIZATION NAME INSTITUTION Globalization is a process of going to a more interconnected world. Globalization is also a process of international integration arising and enabling the exchange of world views, ideas and cultural aspects in a simple and simplified platform. Therefore, it is the act of integration of governments, populations, and corporations. Globalization is the notion of turning the whole world into a global village in the aspects of communication. Globalization is made possible by advances in modern transport and communication technology. This has made the passing of a message from any part of the globe possible in the fractions of a second as opposed to the smoke signals and drum beating in the traditional societies that were both time and distance[Hir15]. Since the start of globalization in the nineteenth century, more modern and simpler ways of interaction are being revolutionized and evolve day in day out. Globalization is always in the daily news making the communication as easy as breathing but comes with both positive and negative qualities. Whether globalization is good or bad, we should first view its pros and cons before reaching a conclusion. There is a question that has arisen whether globalization has gone too far. This cannot be answered because the word today is diving deeper and deeper into globalization. This is due to research is being done on space travel and existence of life. Soon man will be able to integrate with aliens from space. Traveling from earth to mars or the moon will be as easy as taking a flight to any place in the world (Friedman, T. L., 2000). Benefits of Globalization Globalization has a great impact on intellectual properties such as a song, books, and artwork that can now easily access all the corners of this world by just a simple upload. The use of the online library has been made possible. The access to this library from the comfort of your home is made possible taking education to another level. The use of educational simulation software used to teach professionals all over the world from their offices communicating with the tutor over online means. There is an intermingling of different cultures of the world. Countries and different races all over the world learn of the likes and dislikes of each other leading to cohesion. This has led us to races to be more tolerant towards each other overlooking their divergent way of life or opinion even those considered aliens (Robertson, R. (1992). The forty-fourth president of US is an African American by birth both his parents were foreign students who met in America pursuing their American dream. The US has benefited greatly being a superpower it takes the top cream of the developing countries labor force. Information travels fast over the internet in a fraction of a second. Most emerging and sensitive issues go viral on the internet leading to people getting warned and taking cover. The attack of US on the September eleventh went all over the world in seconds this made all nations to launch counter-terror initiatives. The J.F. Kennedy assassination has made there to be special presidential security units all nations in the world People can easily find work on the web and travel to any part of the world. The ease of communication has enabled the access and posting of job vacancy to be viewed by an infinite number of people all over the world who match the skills. The ease of travel makes one to access the job easily anywhere. Most people from less developed countries travel to develop and to develop to seek employment due to a huge job markets there. Globalization has made possible sharing of technologies among developing countries so as to progress. The developing countries achieve their goals faster space research began as a competition between the Soviet Union and the United States of America during the cold war. This almost broke to a great war but after sharing their technologies they have many satellites in space. Globalization has enabled the building of transnational companies. These companies has made it possible to employ many peoples. These corporations have increased the interaction of many people from different countries and races to mingle in the professional platform (Featherstone, M. 1990). Negative Attributes of Globalization Globalization has made the rich richer while the poor dive deeper into poverty. Those that can afford the technology get an upper hand while those that cannot get it are left to the mercies of the able people. The managers’, investors and owners get more and more profit while the worker has to strive to adapt this new technology to keep his or her job[Saa98]. Globalization has not eliminated economic barriers among countries because the value added taxes are still imposed on imports from other countries. Another big problem in developed countries is that companies now prefer the cheap labor from other low-income countries where locals complain about an example in South Africa where they killed other citizens from other nationalities due to lack of jobs for the locals. Many Mexicans migrate to, the US to live the American dream. These desperate immigrants face many challenges including being misused by their employers (Panasiuk, A. 2010). Multinational corporations commit social injustices by exploiting foreign workers and evading tax payments. Due to the multiple countries involved there exists proper claim to the right to tax by any country and this makes the company use this as an advantage. The lack of the claim for the foreign workers involved makes them lack the freedom enjoyed by the citizens and hence are enslaved. These multinational corporations that focused mainly on economic issues may gain influence and start affecting political decisions in the countries they are involved in and hence may be a treat to claim world power and rule it. These companies also threaten to import workers, so they create fear among the poor desperate worker. Safe working environments are ignored to produce commercial products at low costs risking workers welfare (Amin, A., & Thrift, N. 1995). Due to ease of transport globalization has led to transmission of communicable diseases. Diseases such as AIDS, TB, and Ebola can be traced from it the first epidemic in a region to pandemic across countries. The disease becomes too difficult to control due to the large area coverage. This leads to travel advisory against certain regions influencing trade. Globalization has immensely affected local trade. Where there is ease of imports has devastated local industries especially Chinese products. China does not obey World Trade Organization (WTO) trade laws and also has an advantage of low cost of production of goods hence their goods are cheaper than locally produced goods giving them a competitive advantage at the expense of local industries. The rise of superpowers who have gained an upper hand in globalization has led to wars, for example, the cold war. These super powers dictate the developing countries economic and political issues, thus manipulating them. The super powers have innovative technologies where they use the developing countries as guinea pigs for their products. Many leaders were overthrown due to their views on socialism and capitalism with the support of either the USA or the Soviet Union. The developing countries invest a lot of capital in the education of their population who later go to look for greener pasture in developed countries therefore not benefiting their country. These developing countries are at risks of brain drain. The culture and traditional values are lost due to the closing of ethnic ties limiting cultural diversity. Thus leads to losing of cultural values this is a disadvantage to developing countries. Conclusion Globalization is widely celebrated as the birth of freedom due to better connections in an open world has improved people’s lives. The main concept of globalization is to make an idea globally available to everyone. This makes research work easier and not to repeat outdated ideas that have been passed by time. It also helps share ideas and successes of world concepts. Globalization has contributed to both positive and negative attributes, but the benefits outweigh their disadvantages. Globalization is not only for achieving material gain but is also attributed also to the expansion of once consciousness of living together on one planet. The act of globalization has led to the death of primitive customs and traditions picking up a new way of life that is more advantageous and may lead to homogeneity of culture. Soon the whole world will have one culture thanks to globalization (Rodrik, D,1998). The borrowing of constitutions, law reviews from developed countries and the formation of international organizations and corporations will lead there to be the formation of a single world government. The only shortcoming is the lack of control of globalization since it evolving day in day out. This evolution brings both these positive and negative attributes, but the positive attributes outweigh the negative attributes as discussed above. The concept of globalization is inevitable it is an idea whose time has come. The one who discovers a new technology or innovation in gets an upper hand. He gains a competitive edge over others in the market. Globalization has become oxygen in our live today many people in today’s world depend on globalization to earn a living. Many people have gained their careers out of globalization. Many products overseas are being sold online this is too much to overlook. Stock exchanges are sold online and many are making a living out of Wall Street. Crushing globalization today will be like sending us back to the Stone Age where messages could not be sent accurately. This is like using a smoke signal in the twenty-first century whish was limited to a few coded messages. If a bush accidentally caught fire, a wrong message would be sent. Evolution is a natural process that keeps taking place so globalization keeps changing so as to adapt to the new challenges. This lack of control of this change is what brings in the question. Some may get more power than others and hence have the competitive advantage over them. This is because the more global a person is the more successful he is. This question of control is the major issue which is just a fear of the traditional method of getting extinct. Those people who had an upper hand in traditional communication and transport methods are fighting not to be kept in business. This can be traced to the industrial revolutions and Wall Street wars. Globalization is here to stay like it or hate it. It’s the new world order you either adapt to it or get extinct. References Beck, U. (2000). What is globalization?. Sassen, S. (1998). Globalization and its discontents:[essays on the new mobility of people and money] (p. xxxvi). New York: New Press. Featherstone, M. (1990). Global culture: Nationalism, globalization and modernity (Vol. 2).Sage. Rodrik, D. (1998). Has globalization gone too far?. Challenge, 81-94. Amin, A., & Thrift, N. (1995). Globalization, institutions, and regional development in Europe. Oxford University Press. Friedman, T. L. (2000). The Lexus and the olive tree: Understanding globalization. Macmillan. Bauman, Zygmunt. Globalization: The human consequences. Columbia University Press, 1998. Hirst, P., Thompson, G., & Bromley, S. (2015). Globalization in question. John Wiley & Sons Robertson, R. (1992). Globalization: Social theory and global culture (Vol. 16). Sage. Panasiuk, A. (2010). Determinants of tourism policy in Poland in the aspect of globallisation, economic, crisis and Polish presidency in the European Union. Acta Scientiarum Polonorum-Oeconomia, 9(4), 379-388. Read More
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