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Positive And Negative Effects Of Globalization Essay

2080 Words9 Pages

Globalization, a controversial phenomenon whose existence raised a lot of debate in the past, is now largely accepted to be a reality of our time. Although this debate has reached a conclusion, it gave way to yet another debate; the debate over the positive and negative impacts of globalization. In this debate, both the advocates and detractors hold valid points to support their arguments. This paper will be focusing on the aspect of increased integration that is caused by globalization and its effects on the social and economic fields.
When the debate over globalization takes place, economics is often debated. The economics world has been greatly impacted by the forces of globalization. This naturally resulted in varying effects on the other aspects of our lives that are related to economics such as the social or the political. Due to its importance, and its relevance to the thesis of this paper, I will be discussing the positive and negative results of globalization on economics. …show more content…

The view expressed in this quote is shared by the anti-globalization movement that cites it as a perceived negative impact of globalization on economics and poverty. However, in “Spreading the Wealth” an article written by David Dollar and Aart Kraay, the writers refute this argument and prove that globalization has in fact had a positive impact on reducing poverty and increasing national growth. The essential argument of the writers is that if globalization had in fact negative affects then more people would be opposed to free trade and economic integration, however, through a number of examples they prove the benefits of free trade and economic integration and hence,

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