What Are The Pros And Cons of Globalization?
Writing an essay on globalization, one is able to find material for doing a credible paper everywhere. There are plenty of universities, which give information upon the matter, among which are Stanford, college of arts and science at Albany, Yale.Everything is possible if to come down to the point using one`s head.
Globalization has become rather good thing for most developing countries. They have an access to the numerous markets and are able to export cheap items of goods. Wall Street and multinational corporations enjoyed the process of globalization too but it is not that enjoyable for average common people (white and blue collar) and had a deindustrialization in the United States of America.
Thus, globalization is rather complicated. Once you were assigned to write an essay on globalization, you face with a necessity to say on its pros and cons. Either way, your essay will not be credible. Let us begin with pros:
- Globalization`s supporters are sure of the process to help to cope with unemployment and therefore poverty.
- Free trade as one of the results of globalization, which will make it to where tariffs, taxes and other barriers between nations will be reduced. According to the Washington Post, there will still be obstacles between nations. “The problem is that the big G20 countries added more than 1,200 restrictive export and import measures since 2008”.
- Free trade is a promotion of economic growth of a country, make jobs available, companies – more competitive, prices for consumers – lower.
- Competition makes it to where the prices fall down. Each country would want a customer to order a service or to buy a product from them. Thus, they are ready to make juicy discounts or simply to lower the prices. Unfortunately, it does not work as long as there is manipulations with currencies in order so there was a price advantage received.
- Also, it provides poor countries with a chance of economic development via infusions of technology and foreign capital creating such conditions under which respect for people and democracy flourish.
- The market becomes worldwide and there are goods from all over the world available for sale.
- There is more of an inflow of information between two countries sharing nothing in common.
- Every country has a chance to learn something new about the other.
- As long as financial interests are shared, governments of the countries try to find solutions of the ecological problems of one another.
- Other people living on the other side of a country are no longer aliens. We become more tolerant and open-minded.
- It is true that to be able to exchange information quickly is an advantage of globalization.
- Labor is able to move from one country to another marketing its skills. It causes a problem for existing labor though and pressure on wages.
- Sharing technology helps to progress. It is a true statement for smaller countries but is rather upsetting for the bigger competitors such as like China.
- Some transnational companies help to provide people with individual working places through installing plants on the territory of their countries.
- There are free trade agreements such as South Korea Korus, The TPP and NAFTA. Globalization gives an opportunity to agree with these free trade agreements though this opportunity cost the United States of America a great deal of individual working places.
Now we move to the cons of globalization:
- 1. The main complaint about globalization is that it helped to make rich people even richer while the poor ones remained poor.
- There are still barriers as has already been told despite the free trade, reduce of taxes, tariffs and such.
- There is a huge problem with developed countries where many jobs are lost. They are being transferred to low-priced countries.
- There are face pay-cut demands in the United States for workers in the developed countries, which makes it to where there is a fear to lose a job at all.
- In order to avoid to pay taxes, there is such an ability as to exploit tax havens by big multinational companies.
- There is an accusation of social injustice. Companies do not care about corresponding environment, working conditions, low salaries.
- Multinational corporations has a great influence on political decisions and this influence becomes bigger. They gain power because of globalization and doing so may rule the world.
- Our technologies are at a risk of being stolen or copied because of our products to be built overseas for example in China. This is already happening.
- Anti-globalists also say that globalization leads to such diseases as HIV/AIDS to spread out.
- Exploitation of labor has become a vivid result of globalization. There are children among workers and they work in inhumane conditions. Producing cheap items of goods, safety standards are missing. Human trafficking increased rapidly just as well.
- Due to losing a job, deficits and other economic globalization`s ramifications, nets of safety and social schemes of welfare are under a big pressure in the developed countries.
To conclude, globalization can be compared to some sort of a tsunami. We are unable to make it stop but it is within the power to make it slow down a little bit and be more reasonable.