Globalization*
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Content*
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What is Globalization
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| Advantages
of Globalization
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| Disadvantages
of Globalization
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What is Globalization?
| People around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization." | |
Advantages of Globalization
| * | Increased free trade between nations |
| * | Increased liquidity of capital allowing investors in developed nations to invest in developing nations |
| * | Corporations have greater flexibility to operate across borders |
| * | Global mass media ties the world together |
| * | Increased flow of communications allows vital information to be shared between individuals and corporations around the world |
| * | Greater ease and speed of transportation for goods and people |
| * | Reduction of cultural barriers increases the global village effect |
| * | Spread of democratic ideals to developed nations |
| * | Greater interdependence of nation-states |
| * | Reduction
of likelihood of war between developed nations Increases in environmental protection in developed nations |
Disadvantages of Globalization
| * | Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor |
| * | Increased likelihood of economic disruptions in one nation effecting all nations |
| * | Corporate influence of nation-states far exceeds that of civil society organizations and average individuals |
| * | Threat that control of world media by a handful of corporations will limit cultural expression |
| * | Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage |
| * | Greater risk of diseases being transported unintentionally between nations |
| * | Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity |
| * | International bodies like the World Trade Organization infringe on national and individual sovereignty |
| * | Increase
in the chances of civil war within developing countries and open war
between developing countries as they vie for resources Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries |