Impact Of Globalization Research Paper

Globalization and it 's Impact Globalization is the process of making people more interdependent economically, socially and politically. Environmental and technological interdependence on one another plays a key role as well. One of the main questions that arises when globalization is discussed is to what extent should it be embraced? When examining the definition above most people may come to the conclusion that it allows cultures, ideas and beliefs to spread, which would result in development, correct, to a certain extent. In the given source, Cheney is speaking from a western setting, which results in him for globalization instead of against because the western world usually enjoys the benefits of it, while developing

This is displayed when citizens of developed countries are able to purchase goods and services produced in developing countries, at very low prices. The consumers in the developed country enjoy a wide variety of goods and services at a relatively low price, that may contribute to them having an improved standard of living. Therefore, globalization has benefited the consumers of the developed countries. In developing nations TNCs have the technical ability to exploit the country in several ways. They can exploit natural resources such as oil. Exploitation of low environmental standards can also occur. In underdeveloped countries, the governments are often weak and the environment is not their first priority. The exploitation of workers is also prominent, most laborers often work in very harsh conditions and are often paid very little money for their hard

There is a huge possibility that this type of globalization is destroying unique cultural practices which is leading to the reduction of the amount of cultural diversity that exists in the world. Globalization brings very American ways in to different countries. Globalization brings certain trends to different countries for example in technologically specifically phones it brings the trend of having the most updated smart phone out there which is associated with a very American view. Globalization affects identity because it brings the economic, political and cultural viewpoint of a foreign country to its host