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Pros And Cons Of Anti Globalization

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Globalization is the process by which the world and its populations become ever more interconnected and unified. It is a very prominent and important development of our time whereby technology, economies and politics are becoming interconnected. This development is a very real and influential force in determining the future of our world. Its influence reaches as far as political, social, environmental, cultural, security and economic areas, this being one with various and opposing understandings and opinions. Many interpret globalization in the economic sense as an advancement in world economy while others take in to account the costs and dangers associated with its manifestation. These individuals oppose globalization for these negative reasons and collectively make up the anti-globalization movement. …show more content…

Concerns of Developed Countries Unemployment Due to Cheap Labour Companies outsource their labour to countries where wages are less than in their own. This deprives the host country’s population of labour opportunities and its economic growth. This may even extend to companies shutting down their already operational business quarters in the host country and force local people into unemployment. Economic Inequality Anti-globalists label the concentration of wealth in the minority as a frightening danger and a threat to societies and their economies. As these few dozen individuals and companies absorb wealth from across the world, they grow in such a manner that they polarise the market and suppress other emerging companies. They are able to effectively control the market as they own the means and resources to do so. If this is allowed to happen, extremes such as complete control over a certain market may be possible. 3. Concerns of Developing Countries Cultural Loss The cultural of lesser societies and the traditions that identify them as unique fear that their heritage may be drowned out by the spread of modern culture. A phenomena known as

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