Negative Effects of Globalization

Topics: Globalization, World Bank, Culture Pages: 4 (1330 words) Published: June 7, 2011

Globalization is not a new phenomena. It was primarily formed long time ago, when Greeks, Romans conquered other countries and spread their power to them. However, the nature of globalization has been changed over time and reached to the stage of modern globalization. In the article “Spiritual perspective on globalization”, Ira Rifkin (2003) says that the modern globalization could be identified from a meeting on 1944 in Bretton Woods where forty five nations agreed to establish the IMF and the World Bank. The renovation of information technology, especially the spread of Internet has pushed the globalization process to happen faster than ever before and changed the whole world dramatically. Many countries are taking advantage of globalization to stimulate their economic growth, create more jobs and improve social benefits. However, they are also suffering several negative effects of globalization: the disappearance of some traditional culture, the destruction of environment, and the disparities between rich and poor. The first negative effect of globalization is that it is reducing the diversity of traditional culture of some small nations. Each country has its own identical culture. However, with the development of advance technology as well as international trade, a lot of multinational corporations are established; result in an interconnected world and the removal of national borders. Some countries are unable to resist the cultural interaction with other countries as well as the cultural imperialism of developed countries. Their traditional culture is losing and replaced by Americans and Western styles. Rifkin writes that the Americans and Western culture have affected or even obliterated the traditional culture of some countries. People in these countries are more and more prefer McDonald’s fast food, Hollywood films or Disney entertainments. In “The deadly noodle”, Hasting, Thiel and Thomas also mention that the...

References: Dixit, K. Exiled to Cyberia. Global
Hastings, M and Thiel, S and Thomas, D. (2003, January 20). The deadly noodle. Newsweek, 141, 3.
Knickerboker, B. (2004, January). If poor get richer, does world see progress. Christian Science Monitor.
Mabogunje, A. L. (2002, January/February). Poverty and environmental degradation. Environment, 44, 1.
Rifkin, I. (2003). Spiritual perspectives on globalization. Woodstock: Skylight Paths Publishers.
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