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WHAT ARE THE STRENGTHS AND WEAKNESS OF THE VIEW THAT WE ARE LIVING IN A GLOBALISED WORLD - Essay Example

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Globalisation has had a tremendous impact on our lives, and forever changed the way the world functions, interacts and behaves.
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WHAT ARE THE STRENGTHS AND WEAKNESS OF THE VIEW THAT WE ARE LIVING IN A GLOBALISED WORLD
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Download file to see previous pages nomies into an international economy through trade, capital flows, migration, spread of technology and many other factors contributing to it (Bhagwati, 2004).
Globalisation is usually recognized as being caused by a combination of economic, socio-cultural, technological, political and biological factors. It can also refer to the dissemination of ideas, languages or popular culture between nations (Croucher, 2004).
Living in a globalised world has its share of negative effects on the average citizen, and globalisation has been one of the most hotly-debated issues in international economics in the past years. One of the causes for this opposition to globalisation is the concern that globalisation has increased inequality and environmental degradation (Hopkins, 2004). Fears for inequality arise in situations in which companies take advantage of cheap labour force in backward countries and use employees for their own needs without taking care of their working conditions. Also, as a result of the industrial nature of factories and that are responsible for manufacturing goods, the environment suffers damages in its land, in bodies of water (including rivers, lakes, oceans, seas) and in the air as well (as poisonous materials are released to the air).
Poorer countries suffer more disadvantages because of globalisation. As some countries try to save their national markets, they sometimes subsidise their main export, which is agricultural goods. This lowers the poor farmers crop prices in the poor countries compared to what it would have been if countries had not subsidised their goods. (Hurst, n.d)
One other negative effect of globalisation in the economic field is the increase in child labour. The conditions in the poorer countries of the world along with the "enticements" offered by large corporations in them cause even children to go to work in order to help support their families. These children often work in sweatshops and in terrible conditions. The increases in ...Download file to see next pagesRead More
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