ipl-logo

Pros And Cons Of Globalization Essay

851 Words4 Pages

Globalization is a complex daily process, occurring all over the world amongst different people, companies, and governments. While the definition of globalization is relatively new, the actual process has been around for hundreds ' of years. The globalization process is complex to understand, but it occurs daily, and while it may have various benefits, it also has a multitude of drawbacks that affect the daily lives of nearly every person. "Globalization is a process of interaction and integration among the people, companies, and governments of different nations... " (What Is Globalization? | Globalization101, n.d.) These interactions and integrations include the exchange of ideas, cultures, commodities, and political activities and occurrences. Looking back in …show more content…

According to the article "The Pros and Cons," there is a major disadvantage to being too dependent on another country (n.d.). When the economy of one nation plummets, the dependent or interdependent countries economy will also crash for the reason that it is unable to sustain itself. Ultimately there will be a domino effect of other nations ' economies being harmed since the majority of nations do depend on one another to a certain extent in today 's economies. An additional devastating consequence of globalization is that corporations are outsourcing a large portion of their work. This has led to these corporations being "accused of social injustice, unfair working conditions (including slave labor wages and poor living and working conditions), as well as a lack of concern for the environment, mismanagement of natural resources and ecological damage" (Collins, 2010). While these disastrous events may occur due to globalization, and appear to first world countries as a horrible thing, for numerous third world countries these minimum wages are still better than what they would otherwise be making

Show More
Related

  • Similarities Between Colonial Slavery And Contemporary Slavery

    191 Words  | 1 Pages

    For example, Nike factory workers get paid as little as $3.50 per day. That’s $3,500 per year! Workers and slaves live in bad conditions. They live in a small room, no electricity, no running water, and with little to eat. Slaves and workers get treated badly.

    Read More

  • Lakota Military Power

    1588 Words  | 7 Pages

    Corporations are not just hurting people here in the United States, but around the world. American corporations are located in many foreign countries where laws and regulations are not strict on labor as in the US. The prices they sell their product is high compared to what they pay the worker who made it. " The Director of the National Labor Committee explains how big corporations exploit poor workers in the Third World. He gives the example of a t-shirt that costs $14.99—the workers received $0.03 an hour for their work.

    Read More

  • Preventing Environmental Racism

    475 Words  | 2 Pages

    These companies target low-income communities because the families are desperate for jobs and lack the social status to push them out. So, as a solution to this problem, the government must "continue to enact comprehensive laws carrying severe criminal and civil penalties for harming the environment," also at the corporate level "it means rigorous inspections of companies and prosecution of violators" (Eitzen, Smith, and Zinn

    Read More

  • Does Globalization Contribute To Sustainable Prosperity Essay

    836 Words  | 4 Pages

    To what extent does globalization contribute to sustainable prosperity for all people? Globalization contributes largely to sustainable prosperity for all people. Sustainable prosperity is when people of any ethnicity,religion or gender have all their needs met, all have an equal opportunity to create wealth and all to have the chance to pursue happiness. There are many groups that try to make sure everyone has sustainable prosperity. Based on the perspective demonstrated the source should be embraced to a certain extent.

    Read More

  • Robber Barons In The Gilded Age

    1638 Words  | 7 Pages

    They made them work long nonsensical hours the average human being can withstand, paid them wages lower than the minimum wage at McDonald's, and abused their employees. For example, take JP Morgan who increased working hours and workplace fatalities keeping his wage at an all time low (history.co.uk). Morgan made his employees work so much that they started demanding laws to limit the workday to eight hours. Morgan’s wage was so low that the average worker barely earned a dollar a day. J.P. Morgan did not treat workers well and was the main cause of falling wages and not caring for the health and safety of the workforces of his companies, especially steelworkers and miners, who died while working at his facilities ( history.co.uk, P.1)

    Read More

  • Pros And Cons Of Globalization In Colombia

    954 Words  | 4 Pages

    Globalization is the inclusion of the differents values socio-cultural and economic local from one country to another, through their relationships exchanged a series of products and knowledge that extend and increase their ideological and economic situation. Globalization is beneficial for businesses of Colombians. As well as has influenced in areas as the social, economic, cultural, political, technological and educational in our country, globalization has ventured into the business of Colombians to favor or disfavor wholesale sales. Globalization has been a transition process started from the time of conquest and colonization, this exchange of cultural contracted a new market with mobility and trade of products and goods which over time did not stop there, but rather it was intensified and point greater flowed recognition from the

    Read More

  • The Impact Of Globalization On Apple

    1025 Words  | 5 Pages

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

    Read More

  • The True Cost

    1006 Words  | 5 Pages

    The working conditions in the global South are fragile, as workers have little to no rights in the workplace, and are treated by management like slaves. Scientific management methods are brought into the workplace; managers watch over the workers to ensure productivity of the workers. Workers attempted to start a union and ultimately were beat by the managers for the attempt of unionizing. Management inflicts many rules often persuaded by owners, to ensure the product is sold with the least production costs. Relocating also leads to environment issues in the global South, leaving many workers facing possible disease due to chemicals, poor working conditions, and dangerous pollution.

    Read More

  • Deforestation: The Pros And Cons Of Globalization

    1547 Words  | 7 Pages

    Kofi Annan, once the seventh Secretary-General of the United Nations, stated, “If globalization is to succeed, it must succeed for poor and rich alike. It must deliver rights no less than riches. It must provide social justice and equity no less than economic prosperity and enhanced communication” (Kofi Annan). Persistently, the world is reminded of the advantages of globalization and how history could have been shaped without its existence. In spite of the declarations that defend the international movement enhancing the ideology of an interconnected planet, the downsides of globalization cannot be ignored.

    Read More

  • Negative Effects Of Globalization: The Rwanda Genocide

    848 Words  | 4 Pages

    Globalization is a massive thing that affects every person on the planet in one way or another. This source raises the argument that globalization is a disease that harms people in more ways then it helps and needs to be stopped before it wipes out the human race. This raises a good point is some ways because globalization does harm humans in many way such as losing jobs due to outsourcing and the people who get the outsourced jobs are put into horrible working conditions and underpaid without benefits. But it also helps in some ways with trade and communication strengthening the relations of countries. I do agree with the source that globalization harms many people but not quite to the extent that the author goes to, I think that

    Read More

  • The Pros And Cons Of Globalization In Canada

    733 Words  | 3 Pages

    Nearly everything is outsourced from this country, we are 100 percent dependent on other countries to produce our items. Sure, we can blame China, we can blame the 3rd world, but the real problem is the corporations. It is big corporations that do not care about where the product is coming from but about maximizing profits as much as possible. Even companies that produce quality products are outsourcing to save money because it appeals to the shareholders, which all makes sense to a business person. There are some pros to globalization as Mike Collins states that, "supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty."

    Read More

  • Airbnb Case Study Globalization

    1557 Words  | 7 Pages

    3. Globalization Throughout the last decades, globalization became a real phenomenon, but history tells us that it is actually not a new social, historical phenomena, but has, under different names and manifestations, been with us for a long time. It is actually not only the continuation of the liberalization of international trade, which began in the mid-19th century with the launch of cross-border trade over long distances and later with intensive large-scale mobility of labor and capital. During capitalism, globalization has amplified due to the lust for profit, which is driven by capitalists across the globe. Indeed, globalization has significantly strengthened ever since.

    Read More

  • The Impact Of Globalization In Germany

    1127 Words  | 5 Pages

    Introduction Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.

    Read More

  • Business Ethics Case Study: What Is Foxconn's Ethical Issue?

    803 Words  | 4 Pages

    What is Foxconn’s unethical issue? In mid 2010, Foxconn Technology Group (Foxconn) was facing a crisis of having its workers held protests and riots against the company in Shenzhen, China. Being the world’s largest contract electronics manufacturer (Pun, 2010), the company exploited its migrant workers by providing them with exceptionally low pay and allowing unacceptable number of overtime working hours in the manufacturing site. Such method of raising workers’ efficiency is unethical in the eyes of many.

    Read More

  • The Impact Of Globalization On Human Rights

    878 Words  | 4 Pages

    Information can be accessed easily and freely through the internet, mobile phones, television and other devices. Globalization has increased the economic right for people worldwide especially in the developed world. There has been an increase in the standard of living of many people hence healthy lifestyles. However in my opinion, globalization has done more harm than good to the people of the world especially people in the developing world.

    Read More

More about Pros And Cons Of Globalization Essay

Open Document