Pros And Cons Of Globalization Argumentative Essay Example

Scandanavia with it year-round. Globalization has created and continues to create a huge flow of information between two or more countries, which do not have anything in common. And since countries share similar if not the same financial interests, corporations and governments help sort out ecological problems for each other.

On the flip side, globalization has its downfalls. Globalization of production has made way for low-cost labor making them far more price competitive leaving many westerners jobless as their jobs are going to countries like India and China where they receive half the pay westerners receive. Another concern is that while globalization has helped the economies of developing countries by increasing competition and production in worldwide markets, it has had a negative effect on prices and demand, especially for oil. Economically, critics argue that globalization is a disadvantage for poorer nations. While globalization does encourage free trade, it negatively affects national markets. There is also a threat of corporates ruling the world because they have tons of power from simply “investing”.

Globalization has also resulted in the exploitation and increase of child labor. Lastly, globalization is said to have negatively affected national identity, uniqueness, and traditions Globalization has made way for free trade and allowed for communication between various parts of the globe. It has the potential to make this world a better place to live in. It, however, is not only modernizing but also westernizing and to an extent also killing the native cultures of many countries. Our world is shrinking every day, thanks to more trade between nations and faster and easier travel at the same time the smaller the world gets, the bigger the repercussions

of globalization seem to be.