In this day and age, globalization shines above all. It leads the world into its next level of
evolution, forcing its countries’ social and economic developments into full swing with each
passing moment. What is globalization? It is the unifying element brought on by the economies
and cultures of the world joining together. There are countries that gain benefits, but others that
lose theirs. For Germany, globalization is not beneficial.
So what is globalization? It unifies everyone. But it always existed in some way. Whether
it was the Egyptians trading camels with the British, or Asians trading with Muslims,
globalization is a deep part of our planet’s history. The effects of globalization are seen
everywhere. In America, one institution that does this is McDonald’s. McDonald’s exists in other
countries like Ecuador and Japan. In terms of the global markets, globalization has helped them
gain as much influence as politicians. It truly unifies the world, as money is something everyone
needs, and “any nation with heavy debt, including the US, is vulnerable” (Ganguly 1).
Globalization has brought about many kinds of benefits, some which are felt everyday.
Thanks to globalization, there is “a steady cash flow” (Ganguly 1) going to developing countries.
That in turn will allow them to boost their own economies. Also, it means that developing
countries are now a part of the global market, and can begin building their own credibility in the
world. With globalization, production of materials has spread to other countries, and that means
more options for companies when it comes to cost cuts and labor. As a result, the countries that
spend less with sending production overseas get their cheap labor, and the countries themselves
are allowed to jump on the bandwagon in the company’s success. Politics are a part of the
developments, as countries are now made to interact with each other and can come up with
solutions to each others’ problems. The biggest benefit would be the culture exchange. With
globalization comes information exchange, and now people from across the world can share their
language, art, religion, and ideas.
Globalization has also brought upon the world many disadvantages. One of them is
economical. Europeans are now losing jobs due to outsourcing (sending labor to be done
overseas for cheaper costs, a popular action for companies). These same companies are always
under threat of being outsourced and other countries now include the US. In return, countries
like China, the Sleeping Giant, are gaining a distinct advantage in the global market thanks to the
deals that overseas companies make for their labor. With the aforementioned advantage of
markets gaining more influence than politicians, there is a fear that corporations will take over
the world and that government in turn will lose their standing, making decisions based on
economy than people. Another disadvantage stems from an advantage mentioned earlier as well.
With cultures now being easily accessible through mediums like the Internet and TV, it’s hard to
maintain individuality. People can now not only mix in much faster, but in doing so will lose
their own sense of nationalism.
For Germany, globalization is definitely a bad element introduced into its existence. One
key industry that it dominates is automobile manufacturing. Volkswagen, a symbol of said
industry, is sinking along with Ford and two other main automobile industries, three of which are
stationed in the US. The jobs offered at the Volkswagen company were passed onto outsiders
from Poland, Czech Republic, Slovakia and Hungary. Most jobs are suffering the same fate,
outsourcing stripping its own people of opportunities to make money and in turn saving...