Globalization: Good or Bad?

There are many views on whether or not globalization is good or bad. In my essay I will not give a definitive answer. The reason being is there is no one correct answer. What may be good for one country may not be good for another. Globalization faces the problem that it may be a blessing for one company or country, and a nightmare for another. I believe that globalization in its essence is a force for good. I believe that it is meant to create more revenues for companies and therefore create jobs. Creating jobs so that societies can thrive is a good thing…right? Your immediate answer may be yes. But, think about this. When a corporation is looking at its bottom line, and they need to figure out a place to cut expenses, they will look at their costs that are the highest. In a lot of manufacturing companies it would be labor. In order to increase profit they will outsource these jobs to a country that can do the labor cheaper. While this is bad for the home country losing any number of jobs, for the company receiving the jobs it is good because they now have more sources of revenue for its people therefore increasing the well-being of its people. Now there is the argument that globalization is good from the standpoint that companies have the opportunity to make their products or name recognizable worldwide. I would agree with this standpoint because allows companies to grow tremendously. Of course, there are two sides to every coin, and in this situation there are also pros and cons to the idea of globalization. So in order to give a correct answer on whether globalization is a force for good you must then ask what side you are on and what you stand to gain/lose from the deal. In some cases I do believe that globalization helps societies, and of course there are other cases where I feel the other way. Globalization brings opportunities but it also brings risks, even when poverty falling overall there can be regional increases about which society needs to be