Effects Of Globalisation

Introduction
There has been an exponential increase of globalisation since the 19th century and since then there has been a lot of negative effects of the phenomenon on the world. This essay will explore the concept of globalisation and discuss how and why globalisation is a harmful process (by highlighting the implications of globalisation). The essay will begin with initiating the reader with the concept of globalisation. Then it will discuss globalisation and unemployment, globalisation and the environment, Globalisation inequality and poverty. Finally, this essay will discuss globalisation and culture.
Globalisation Defined
Globalisation is a complex term and there is no precise or conventional definition of globalisation. The International

In simple terms it’s when companies or cooperations go multinational by either buying companies that are situated in other countries or by companies selling their products in other countries. Globalisation has reformed the world into a single economic market (Anwar and Cately, 2008: 291). The global market consist of a number Multinational Cooperations (MNC) and competitiveness is a key feature of this global market (Erez, 2005 296). The competitive nature of the global market has forced companies to fire their workers in order to cut costs and maximise their profits and this increases the unemployment

First, globalisation requires economic integration, but one needs to have capital in order to gain from this. The poor have very little or no capital to invest in the global market. Second, because of uneven development, globalisation has worsened social and economic gaps within and between countries by strengthening the process of “creative destruction ”. Societies and economies are required to quickly adapt to the changes posed by globalisation. Since economies do not always succeed equally, some countries will grow faster than others. So in that sense globalisation increases inequality. Third, globalisation has increased inequality by have substantial and uneven implications on various types of social stratifications between and within countries. However it can be argued that contemporary globalisation has helped to narrow the social ladders in certain aspects (such as opportunities for women to engage in remunerated employment), it is more prone to increasing the gap in terms of opportunity. And this is again due to the uneven distribution of costs and benefits, which has a tendency to favour the privileged and further disregard the disadvantaged. Globalisation is worsening the inequalities of resources, capabilities and