The Advantages and Disadvantages of Globalization Essay Example

of the twentieth century.

Economy: The emergence of market makes the goods exportation more easily. International trades make the industrial companies develop fast. Meanwhile, the companies should upgrade their products, and adopt advanced technology in order to be faced with more competition.

Culture: The globalization of culture means more information and more communication with other countries. These influences mostly show in language, religion and communication. More people learn foreign languages, and intercultural communication becomes more and more important.

Politics: The development of globalization leads to the decrease of the importance of the state. After the establishment of WTO, G8 and EU, more international organizations are taking place of super-power.

The advantages and disadvantages of globalization

Advantages: Globalization provides convenience to the international trade and business and more opportunities are supplied to countries to help them to do what they can do best. It leads to the free trade between nations. Hence goods and services produced in one country can be increasingly available to all around the world.

Globalization is very beneficial for companies to purchase cheaper goods all over the world and can also have a big market to sell their products, so companies can save their cost and also make more profit. Furthermore, countries benefit from globalization. They can focus on what they need to be strengthened and improved, and it is good for their development. Consumers get more benefits. They get a much wider variety of products to choose and get the products they want at more competitive prices.

With the development of technology and Internet, nowadays, we can get more information than before. That is good for people from different places to know each other. For cultural part, there

are some conflicts between different cultures, but intercultural communication is not only good for people to understand each other, but also for different cultures to improve themselves and have a right direction for social development. B, Disadvantages: Economic depression in one country can trigger a widespread reaction across the world.

Take the economic crisis in 2008 as an example. It firstly happened in the USA, but rapidly influence all over the world, because the world economy tied too close with each other. Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers. Globalization may lead to more environmental problems. A company may want to build factories in other countries whose environmental laws are not as strict as those at home. Human, animal and plant diseases can spread more quickly through globalization.

The influence of globalization on developing countries

Globalization is a big boon for the developing countries, but there are a few say that it is a curse. Let’s have a look at both of these aspects of globalization. For developing countries, the globalization sometimes is good for their economic development. Like the GDP increases with international business; the income of local people also increase; the unemployment rate falls. The infrastructure and education system can be developed. Otherwise, opportunity also means more challenges.

Wealth is still concentrated in the hands of few, and the common people in a developing country are seldom to get any major benefits from globalization. That may cause some developing countries more poverty-stricken than before. Inside those countries, it may have problems of unbalance of income. A worker may earn more for his work in a

developed country than a worker in a developing country.

Conclusion

Every coin has two sides. Globalization is a double-edge weapon for every country or individual.

Both countries and individuals will be confronted with more challenges, so we should learn how to use globalization to get values, besides the value of economy and culture. We should also learn how to avoid the risk.

Reference

1. Summary of the Annual Review of Developments in Globalization and Regional Integration in the Countries of the ESCWA Region by the United Nations Economic and Social Commission for Western Asia Internet: http://en. wikipedia. org/wiki/Globalization
2. http://www. darkseptemberrain. com/ideas/advantages.
3. htm http://www. buzzle. com/articles/advantages-and-disadvantages-of-globalization. html