Pros and Cons of Globalization Essay

Former CEO of Vodafone Group, Mr. Arun Sarin, at the 2009 Global rail line Forum debated that there is a profound change occurring in the field today. The public is befitting much interconnected due not yet to physical al-Qaida to a greater extentover also the intellectual and softw are infrastructure that is being built moreover, the panache in that trade is being through with(p) today. For him, the United States is still the most powerful state in the world however, if the country wants to take a leak global excellence in the future, innovation is a most.Since its earliest appearance, about three decades ago, the term globalisation has been affaird to draw and quarter a process, a condition, a system, a force, and an age. The term signifies a affable condition characterized by the existence of global economic, political, ethnical, and milieual interconnections and flows that make many an(prenominal) of the currently existing borders and boundaries irrelevant. glob alization suggests dynamism best explained by the head of change and the transformation of present conditions.In otherwise words, globalization is an current process rather than a static condition. According to Manfred Steger, author of the phonograph record Globalization A Very Short Introduction, globalization refers to a flat set of social processes that create, multiply, stretch, and intensify worldwide social interdependencies and exchanges while at the same time fostering in mess a emergence awareness of deepening connections between the local and the distant. In the other hand, globalization is a complex and contradictory phenomenon that encompasses progress and degradation, opportunity and compulsion, freedom and restrictions. These unbounded contradictions are points of political contestation. Advantages of Globalization* Countries close to the world have make the choice of establishing trade relationships with from each one other in order to remediate their econ omy. Past hostile experiences were left behind, and globalization has announced an era of world-wide peace and security. In addition, there has been propagation of democratic ideas among countries. * Countries have end to test free trade with some regions. Eliminating taxes, duties, and export/import quotas has allowed consumers to grease ones palms goods and services at a lower cost. * Globalization is encouraging the use of international connectivity such as the internet. Exchanging thoughts and ideas is assist interlink people near the world.* Several companies are investing in other markets providing recrudesce duty opportunities for skilled and unskilled labor all around the world. Globalization is helping in increasing the standard of living of the developing world and at the same time is helping to digest poverty. * Competition among different countries is leading(a) to international innovation and quality goods. Consumers are benefited in the process because they score quality products at a cheaper rate and from a large innovation available in the market. * Mutual trade has brought an understanding of the importance of protect the environment and natural resources. Global environmental problems are being discussed.Disadvantages of Globalization* Many people from develop nations are losing jobs since corporations are outsourcing work to developing countries due to savings in cost of labor. There is a bundle of pressure in the develop world people are always under the threat of their job being outsourced. Outsourcing has resulted in unemployment. * Any consort of economic disruption in one nation will have a domino-effect on other nations that are closely related to that country in terms of trade and commerce.* Influence of local cultures and traditions will easily start to wear down. Western ideas will impose over other cultures. * Globalization may lead to more environmental problems. A partnership may want to build factories in other countries because environmental laws are not as strict as they are at home. * Income dissemination within countries is becoming less equal. The rich is acquire richer and the poor is getting poorer. * Transnational integration and increased mobility has simultaneously strengthened and diminished the vindication of individual rights and the dignity of individuals. Globalized markets have facilitated more monitoring of social conditions but have also opened up more opportunities for economic exploitation. face of the pros and cons of globalizationThe Philippines is one of the countries in Asia that has been affected by the contradictions of globalization. The country is victorious part in the process since it became part of the World Trade plaque in 1995. Globalization has allowed major changes in the nation like more labor, more Filipino foreign companies, high levels of education, and high per capita income. Philippines have quartette regions that globalization has targeted an d these four are liberalization, mobility of capital, technology, and management of organization through individual(a) and public sectors. Nevertheless, the Philippine state has failed in organizing a socioeconomic environment that would have prepared the country for global competition. Many Filipinos believe that globalization has done nothing for their country.And this is due to the poverty that has been becoming worse each year. The Philippines is still corrupt and still faces economic and political problems, therefore, the nation and its people does not trust the process of globalization. About 60% of the population lives in poverty and poverty levels are still increasing. The institutional framework of a country, its political culture and the quality of its leadership play an important reference in fostering economic development and in promoting social welfare. For some, globalization can make the Philippines a better nation if the Philippine leaders get involve in allowing f or more global trading and more foreign investors to the help boost the economy. And by accomplishing those goals, the Philippines should be able to reduce poverty levels.The Future of GlobalizationGlobalization is transforming the structure of worldwide interaction and people are changing along with it. The positives aspects of globalization are becoming more significant than the negatives ones. In the long term, the world will be transformed into a more prosperous, democratic, and peaceful environment. This may means that cultural conflict and global chaos will occur in the soon term but large economic growth and democratic validation will prevail in the long term. Globalization is making the way for free trade and international business. It is also improving communication around the world. The biggest advantage is that globalization has the potential to make the world a better place to live in. Globalization cannot be stopped however, leaders should always be on the top of its spread and outcomes.Work CitedSteger, M. B. (2004). Globalization, a actually short introduction. New York Oxford University Press, USA. Retrieved from http//library.books24x7.com.dml.regis.edu/SearchResults.aspx?qdom=author&scol=all&qstr=Manfred B. Steger Hill, C. (2010). International business. (8 ed., Vol. 5). New York metropolis NY McGraw-Hill Irwin. Rupert, M., & Solomon, S. (2006). Globalization & international political economy. Rowman & Littlefield Publishers INC.