The Positive and Negative Effects of Globalization

Topics: Globalization, Developing country, Developed country Pages: 4 (1570 words) Published: October 2, 2011
The Positive and Negative Effects of Globalization

Is Globalization ultimately positive or negative, or somewhere in between? I believe it depends on who you ask the question, and how it affects their life. For myself, I can’t get passed the negative way it has impacted my life and others around me in the same situation. Those of us who have lost our jobs and livelihood and are now labeled as “the long term unemployed” have seen our jobs eliminated and outsourced overseas; find it hard to feel positive about globalization. Watching families lose their homes and children going hungry is a disgrace considering we are the greatest country in the world. Maybe we are our own worst enemies to a degree. The collapse of our economy is partially due to globalization and our own greed. What happened to the middle-class? Unemployment is at an all time high since the Great Depression of the 1930’s. What we are experiencing now has been referred to as the Great Recession of 2007-2010. I beg to differ and believe we are indeed in a second Great Depression. I’m sure many will agree. The middle-class has been squeezed tight. Most of the middle-class is feeling the brunt of this hard hit economy. Many are living paycheck to paycheck. Job cuts have really hit all class levels from low income earners to upper management. Some say the middle class is gone. I believe we are still here and maybe struggling for now, but we will rebound just as those did after the Great Depression of the 1930’s. This is history repeating itself. Before returning back to school a year and a half ago after a ten year lapse, I never really knew or understood much about globalization. Not being ignorant, I probably just did not relate issues to the term globalization. I’ve come to find out, globalization is a fairly new idea that many are embracing today. I have found through my research that the term globalization is not easily defined either. “Globalization is an umbrella term for...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Positive and Negative Effect of Globalization Essay
  • Essay on Positive Effects of Globalization
  • Evaluate the Positive and Negative Effects of Globalization in China Essay
  • Negative Effects of Globalization Essay
  • Globalization Positive Effects Essay
  • The positive and negative effects of globalization Essay
  • Discuss the Positive and Negative Effects of Globalization in the World Today Essay
  • Effects of Globalization Essay

Become a StudyMode Member

Sign Up - It's Free