Globalization Advantages and Disadvantages

Topics: Globalization, International trade, Developing country Pages: 3 (683 words) Published: February 9, 2008
What Is Globalization?
Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. 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. Arguments for globalization include the following:

It is reducing poverty worldwide.
It is allowing access to technology in developing countries. It promotes world peace.
It has benefited women and children's rights.
It raises life expectancy.
Advantages of Globalization
Globalization has several advantages on the economic, cultural, technological, social and some other fronts

Advantages of Globalization
Goods and people are transported with more easiness and speed the possibility of war between the developed countries decreases free trade between countries increases
global mass media connects all the people in the world
as the cultural barriers reduce, the global village dream...
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