Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.
However, to fully understand the concept of globalization and whether it is good or bad for a country, we must know its pros and cons.
Globalization is responsible for the wide range of choices in most products that are available in the market today.
For some people, globalization is synonymous with world destruction. In the end – who knows – maybe this will be true. But in reality there are many good things that have resulted from globalization. In this section, I will still focus on the economy, but I would also like to touch on some social advantages, as well. For more information regarding the positive impact of globalization, check out this
It depends on each country and its government to be able to strike a balance between the good and bad, such that it allows their nation to enjoy the advantages of this phenomenon, while also drawing up policies so that the ill-effects of globalization do not affect them.
Unfortunately, or maybe fortunately, globalization is simply and utterly good, bad and inevitable. Hopefully the good will out-weigh the bad, but the continued existence of both is inevitable. Because of this, we are better off accepting the truth and, like we do best, moving forward. But make no mistake: environmentalism is gaining speed. Whether you want to join the cause or just be on the front lines of a new opportunity, this
This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.
There are high chances that if you ask a small time businessman whether globalization is good or bad for developing countries, he'll probably answer in the negative.
With people traveling and migrating from one place to the other, they introduce, or are introduced to varied forms of viruses.
So while there is a wide range of food products that are made available, it is done so at the cost of health.
Whether globalization is good or bad cannot be answered in black or white.