Globalization Good or Bad?

Topics: Globalization, International trade, World Trade Organization Pages: 8 (1779 words) Published: March 15, 2010
Running head: Globalization: Good or Bad? Globalization: Good or Bad?

ABSTRACT

The purpose of this paper is to analyze the criticisms of globalization by comparing and contrasting the positive and negative effects as they pertain to both pro-globalization and anti-globalization. Focusing on the related effects of current developments of information technology, outsourcing for developed countries and its positive effect; contrasting with the inequities and exploitation of developing countries in the process.



GLOBALIZATION: GOOD OR BAD?

Globalization has been defined with numerous and widely differing meanings dating back to 1870 as "economic integration through trade, migration, capital flows and communication" (Mann, 2005). Considering current impact, globalization indicates the social process, highly influenced by technological development, increasingly rapid means of transport and the "information revolution", which has created a truly worldwide web of spatial connections and functional interdependence (Defining Globalization). With such immense impact on the world economy, globalization has many defenders and dissenter about the overall good or bad it provides.

The true effects of Globalization are the development of new information and technology, increasing global competition, economic prosperity for developing countries, labor and outsourcing along with exploitation and inequities shared with developing countries, via labor, environmental, and politically factors. Thomas Friedman states in his book _The Lexus and the Olive Tree_ that" Globalization can be incredibly empowering and coercive and can democratize opportunity and democratize panic. It makes whales bigger and minnows stronger. It leaves you behind faster and faster, and catches up to you faster and faster". This statement has been proven prevalent as the effects of globalization have increase many nation through access to information, ease of communication and trade over the past two decade and in turn has left behind many developing countries behind even faster.

The changes of globalizations intertwine a complex position making it difficult to summarize positive or negative effects. With globalization comes wealth and new markets, at the same time causing disorder, exploitations, and unrest. It is both a source of repression and a catalyst for global movements of social justice and emancipation (Global Policy Forum, 2009). The totality of effects that globalization have vast and objective, thus this paper discusses the "Good or Pro-Globalization" views more specifically, information technology and outscoring and the "Bad or Anit-Gloalization", specifically the inequality and exploitation of developing countries in this process.

GOOD OR PRO-GLOBALIZATION

Globalization has set in motion a process of far-reaching change that is affecting everyone (World Commission on the Social Dimension of Globalization, 2004). This process has connected more people together than every before with new technologies and open trade policies. International trade has said to be an important factor for the advancement of developing countries and their integration into the global economy. Catalysts for globalization including economist, politicians, and corporations promote policies encouraging free trade, free investment, deregulation, and privatization, with the promise of economic growth (Thomson, 2001). This agenda has lead to the development of trade agreements such as the North American Free Trade Agreement (NAFTA) in 1993; the creation of the World Trade Organization in 1994; the expansion of the European nations' plus the creation of regional free trading blocs in Latin America and the Far East (Thomson, 2001). Globalization has provided developing countries the opportunity to increase income, their standard of living, through outsourcing new jobs to these countries, exposing them to new technologies, which expands their ability to trade....

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