The Controversial Phenomenon of Globalization

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Globalization is the global integration of international commerce, investment, information technology and cultures. Are what government policies designed to open up economics domestically and internationally to boost development in poorer countries and raise living standards for their people that drive globalization. These policies have, however, created an international free market that has mainly benefited multinationals in the Western world to the detriment of smaller companies, cultures and ordinary people.

The controversial phenomenon is globalization, it does not leave many people around the world indifferent. In my view, this means that both positive characteristics outweigh the negative. Unable to overestimate the positive impact of globalization. Globalization of the economy as a whole provides a serious basis for solving universal human problems. In addition, it contributes to international competition, arguing at times that globalization will lead to competition in the prefect. It now leads to new areas of competition and tougher competition in traditional markets. Globalization processes are beneficial in the global economy, especially for consumers, as competition gives them more choices and lower prices. Based on research, globalization simplifies global business management. This is due to the advances in technology, transport, communication, education and trade regulations provided a more then fair environment. This appeals to more people. Participation in international business and international trade. Global managers face many challenges because of high industry competition, good industries need to be able to satisfy and maintain their products. Companies benefit from economies of scale in the company as management costs are reduced. The company must ensure that they can survive in the marketplace. Globalization is a very wide and important debate, and often leads to many discussions about it.

I spent some time researching what it is and how it might affect developed and developing countries. Globalization has many advantages for the world at international level, but it also has a negative effect. Globalization In short, points to the whole effort to make the world community one village. Goods that can now be found only in western countries throughout the world. Now in developed areas, scientific advances and industrial progress in developed countries can benefit from the improvement and growth of their areas. Given the positive attributes of the term and meaning behind globalization, it also has its downside as discussed earlier. Companies and people around the world are involved in the process through investment, outsourced production and international trade. All of these are supported by information technology in order to bring together the economies of different countries. Only through globalization do people, services and goods move around the world freely, in a way that is connected and smooth. Globalization has reduced internal trade, allowing different countries to take advantage of competitive production advantages. This means that if two countries produce the same product but say country D produces the product at a lower cost than country C, country D produces and exports the product to country D as an example. There is no doubt that globalization was good for many developing countries that now have access to our markets and are able to export cheap goods. Globalization has also been good for corporate multinationals and wall streets.But globalization has not been good for working people (blue or white collar) and has led to the continuing deindustrialization of America; free trade is supposed to reduce barriers such as tariffs, value, added taxes, subsides, and other barriers between nations. This is not true. There are still many barriers to free trade.

As though the many benefits Globalization has attributed to the economy, technological advancements, and trade, (ect). Not everyone has showed similar favor in the term globalization, there have even been anti-globalization movements or counter- globalization movements. Participants base their criticism on many topics. One of the popular following is the oppose multinational corporations having unregulated political power. Many anti - globalization activists do not oppose globalization in general and call for a form of global integration that provides better democratic representation, human rights advancement, fair trade and sustainable development and therefore feels that the term ' anti - globalization' is misleading. Supporters believe that, at least in the late 20th century, the ' ruling elites ' sought to exploit the expansion of labor markets for their own sake; this combination of Bretton Woods institutions, states and multinationals was called ' globalization. In response, different social movements emerged to challenge their influence, which were called ' anti-globalization.  

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The Controversial Phenomenon of Globalization. (2021, Mar 22). Retrieved June 21, 2024 , from

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