Who Are the Winners and Who Are the Losers in the Globalisation Process?

Topics: Globalization, International trade, World Bank Pages: 5 (3130 words) Published: August 6, 2011
Who are the winners and who are the losers in the globalisation process?

Globalisation is a process that is going on around us no matter which part of the world you may reside, in one way or another you will be experiencing globalisation in one of its many forms. This practise brings with it ones who may benefit from the methods and in turn if one side is benefitting the other will be losing out. I will go on to identify who these players are and what positions they hold in globalisation. We have the poor across the globe along with the under-developed countries; these primarily are seen to be the losers of the process. One of the main reasons for this is the creation of Free Trade Zones; which seem to have a wide range of effects internationally from utilising inhumane practises like child labour, terrible working conditions to the creation of huge profits for multinational corporations. The effects can be experienced around the globe for winners and losers with the unequal distribution of wealth down to the loss of jobs in developed countries. Globalisation is a phrase that is currently developed into the most frequently used words by many ranging from multinational corporations, world leaders to all whom maybe involved. When problems arise across the globe from financial through to cultural the blame often is directed towards globalisation. On various occasions people have blamed globalisation of causing more damage than good, even going on to consider humankind to be better off without it. In a speech given by Anna Lindh at the Helsinki conference she said “Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation. During the last 30 years, fifteen developing countries (with a population of 1,6 billion people) have succeeded to reduce poverty by half. Still, more than a billion people have to survive on less than a dollar a day. The world is richer than ever, and the gaps between rich and poor are wider” http://www.sweden.gov.se/sb/d/1111 As Anna has said there is a major separation in all whom are involved in globalisation with the creation of winners and losers. While finanicial globalisation is seen to increase a nations economic development it also goes on the produce many troubles for others, in particular the poor who do not have the resources to even cover essential indiviual needs. Many reasons are given by the mainstream for them to be the losers of the process. When forming a judgment on this issue it is essential to have an understanding and effective expalnation of the term `globalisation’. A good defintion is given by De La Dehesa on globalisation, “a dynamic process of liberalization, openness, and international integration across a wide range of markets, from labour to goods and from services to capital and technology” (DEHESA, 1996 P1) From this we can understand that globalisation is giving countries the opportunity to open its borders and permit them to have open relations with many different societies along with consenting to other nation’s commodities and customs to come across borders. This process is seen to concern almost every country across the globe and the leading participant is currently the United States of America. The USA is a state that wields huge amounts of international authority and clout along with being viewed as a major winner of the process of globalisation and is therefore a symbol to the entire world of western culture. Even though the economic aspect of globalisation is a key part in the whole process, this topical issue has many sides. Cultures around the world are absorbed into one another along with political affairs and military relationships. When looking into the economic part of this process its largely to do with trade, the independence associated with trade, the ability to invest in overseas industry alongside setting...

Bibliography: 3) JAY R, MANDLE. Globalization and the Poor. London: Cambridge University Press, 2003. Print.P9
9) Stiglitz, E.J.(2002).Globalisation and its discontents. Great Britain: Penguin Press P4
10) Stiglitz, E.J.(2002).Globalisation and its discontents
11) IMF. (2002). Globalization: Threat or opportunity? www.imf.org/external/np/exr/ib
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