Globalization: The Ugly Truth

Topics: Globalization, Developing country, World Bank Pages: 5 (1440 words) Published: April 12, 2013
The disadvantages:
Many of these unexplored countries do not have laws against businesses harming the environment Many of the workers could be exploited as they don't have labor laws yet It could restructure an entire society making it male dominated and lessen the power of females globalization allows for the globalizing of crime (drugs, sex trade) globalization perpetuates the cycle of the rich developed countries exploiting developing countries for labor, resources... the organizations that govern globalization (IMF, World Bank) are designed by and for the developed countries. globalization has caused a decrease in wages for the developed country globalization leads to outsourcing of jobs and leads to less jobs in developed countries... The bad things:

1. Globalization has led to greater disparity in wealth within many countries. Back to southeast Asia, the people of those countries did experience a tremendous amount of growth over the past couple of decades, but it wasn't experienced equally by all of their people. The poor have seen a moderate rise in incomes while the wealthy have seen incredible rises in their incomes. 2. The creation of what is essentially a single large global market entails certain dangers. Previously, if a nation made financial mistakes and their markets collapsed, it had little affect on the rest of the world. Now, if Mexico, Korea, Brazil, Thailand, or any other emerging nation finds itself in financial collapse they have the potential to bring down most of the world with them. Consider the widespread economic downturns experienced across the globe today due to the American banking crisis. 3. Globalization does hurt some workers in each country. For example, the US used to make most of the TVs sold in our stores. Now, the US buys all of its TVs from abroad. When NAFTA opened trade with Mexico, our TV factories closed their US plants and moved to Mexico, where they could find cheaper labor. On the flip side, Mexican farmers have been hurt by imports of American food. With all of our large farming machinery, local Mexican farmers can't compete with large American farmers, and they are being put out of business. 4. Globalization is also leading to a homogenization of the world's cultures. As nations open up their borders to free trade, they also have to accept many foreign companies coming into their country and doing business there. The most noticeable companies are McDonald's, KFC, Starbucks, Wall-mart, and other American cultural icons. Some people fear that in time there will cease to be exciting foreign cultures--every nation will be filled with McDonald's, Starbucks, and Wall-mart. 5. Diseases can spread more easily now due to the vast numbers of people crossing international borders. Think of the Avian Flu scare from the last few years--someone could contract a disease in Asia and be in the US within a few hours and spreading a disease that previously would have killed them before they could reach another country in which to spread it. Anti-globalization

The critics typically emphasize that globalization is a process that is mediated according to corporate interests, and typically raise the possibility of alternative global institutions and policies, which they believe address the moral claims of poor and working classes throughout the globe, as well as environmental concerns in a more equitable way.The movement is very broad, including church groups, national liberation factions, left-wing parties, environmentalists, peasant unionists, anti-racism groups, protectionists, anarchists, those in support of relocalization and others. Some are reformist, (arguing for a more humane form of capitalism) while others are more revolutionary (arguing for what they believe is a more humane system than capitalism) and others are reactionary believing globalization destroys national industry and jobs.

In terms of the controversial global migration issue, disputes revolve around both its causes,...
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