"The explosive growth of the global economy threatens the natural systems that sustain life on Earth. Despite some significant successes in reducing industrial pollution and increasing efficiency, globalization is devastating natural habitats, speeding global warming, and increasing air and water pollution" (Anonymous). It is in the nature of such an economic globalization to cause negative effects. Globalization has its benefits as well which hold substantial weight.
Advocates for economic globalization state that it is aimed at removing poverty and increasing wealth among the poor. This has been seen not to be entirely true and the gain of wealth is seen only in the upper or elite classes. The rich are getting richer while the poor are getting poorer. Although food has increased, hunger rates have also increased. It is seen that the top class is becoming multibillionaires and today there are more billionaires than yesterday. However the lower class is now facing days without any food. The largest economies in the world today are corporations. Names like General Motors, Mitsubishi rank among the first thirty largest economies. It is now known that these names have a larger economy than countries like Finland, Chile, Saudi Arabia, Denmark, Turkey etc. The list is endless. Larger corporations do not mean greater and more job opportunities. The fact is that such large corporations employ about 0.5% of the combined workforce of the world. Reason being that they have advance technologies where their machines are mostly robotic in nature and thus lower workforce is needed.
Recently "thousands of protesters flooded Washington on Saturday to stage dual demonstrations against the U.S.-led war in Iraq and economic globalization" (Lisa Lambert). Hence we see today that a large number of people are against the economic globalization because they have realized it ill effects on the people. Wealth gets concentrated among the social elite while others have to suffer with hunger strikes. The elite who know of the benefits that economic globalization brings to their personal selves are usually the only advocates...
Globalization Economic globalization has affected every American in some way. In some cases, globalization has had a negative effect, for example when jobs are sent overseas. This occurs because globalization has reduced barriers to trade in both physical goods and services. As a result, people can lose their jobs to workers in foreign countries who are paid less. The reverse of this is that there are more opportunities for growth for
Globalization Our world is interconnected through various forces. There are many benefits to this connectivity, including being able to trade and speak with people around the globe in just minutes. This not only enriches our society socially, but can also help it financially. Globalization, which is a trademark of this connectivity, has expanded more and more and our world could not be imagined today without globalization and the forces that sustain
The presence of a border, however, allows for that market to become closed. Nations that can feed themselves will continue to do so even if there is unmet demand elsewhere, because ultimately food is more important to survival than money. The value of money for survival, after all, is dependent on the ability to exchange that money for the means of survival. During the food price run-up in the
Economic Globalization a positive trend? In order to fully understand the complexities of economic globalization, one must first sufficiently define the term in regards to how it is viewed in today's world. Thomas L. Friedman defines globalization as a system or a paradigm, "an approximate set of rules by which to conduct life," yet he also points out that globalization itself presently serves as a replacement for the old system begun and
A company working on such a goal might claim that the intent is to use less pesticides, but really they just want to decrease the cost of production. Another example of why a food organism might be modified is to make the final product more resilient to the means of distribution, such as what is seen with tomatoes being genetically modified to have more resilient skins, so they can be
In order to achieve operational efficiency, use can be made of modern automated technology which globalization has readily made available via international trade. Schumacher has further presented his view that the current production managers have become more focused towards the efficiency factor of the production processes. These managers set their targets based on producing goods in such a way, that the cost of the process decreases to a minimum while
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