A New Perspective on Globalization

Topics: Globalization, Sathya Sai Baba, Multinational corporation Pages: 3 (810 words) Published: June 21, 2013
GLOBALIZATION – By Rahul Reddy Epuru (300733123) - Centennial College Ontario Canada Arguments against Globalization
• Rich nations get richer and non-rich nations continue to be poor. • As Multi-National Companies influence the world politics, in a literal sense there is a threat of Corporations ruling the world • Social injustice issues caused by the Multi-National Companies • “Richest 20 percent of the world's population consume 86 percent of the world's resources, while the poorest 80 percent consume just 14 percent” (UN Development Program report) • World cultures are being Americanized

• Exploitation of cheap labor, human trafficking, basic human safety standards ignored by the Multinational Corporations • Spread of diseases, drugs and many illegal activities (Mafia & Terrorism)

Arguments in favor of Globalization

• There is a worldwide market for companies • Consumers have easier access to products from different markets across the world • Production becomes more efficient due to a higher scale of competition • Drives growth as companies shift from saturated markets to new market horizons • Melting point of various cultures

• Better flow of information, trade & commerce between different countries • People are becoming more tolerant to world cultures in various countries. The best example for this is - Canada • Internet, communication and travel are benefited by globalization • Merging of world politics by eliminating power blocs is an outcome of globalization

My position:
I choose to argue against the Globalization issue. Globalization has both negative and positive outcomes. On the positive side, globalization has many things to...

References: 1. Arguments against globalization, Retrieved on 6/6/2013 from http://www.manufacturing.net/articles/2010/06/the-pros-and-cons-of-globalization
http://www.edu.gov.mb.ca/k12/cur/socstud/frame_found_sr2/blms/4-6.pdf
2. Arguments in favour of globalization, Retrieved on 6/6/2013 from http://www.edu.gov.mb.ca/k12/cur/socstud/frame_found_sr2/blms/4-6.pdf
http://www.edu.gov.mb.ca/k12/cur/socstud/frame_found_sr2/blms/4-6.pdf
3. My position on globalization, , Retrieved on 6/6/2013 from
http://www.economist.com/node/795995
http://www.socialistalternative.org/literature/imfwb/introduction.html
and teachings of Sri Sathya Sai Baba, Indian Guru(Spiritual Master)
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