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Critically evaluate the arguments for and against globalisation, and discuss if such claims are sustainable

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Introduction

Critically evaluate the arguments for and against globalisation, and discuss if such claims are sustainable The assignment focuses on the pros and cons of globalisation, and whether globalisation can continue to grow at the rate it is going. I have discussed how globalisation affects the poor, the environment, technology and culture. Globalisation is a complicated and evolving process and has become one of the most debated issues around the globe. The topic is so debatable that there is no one conventional definition of globalisation. However it can be narrowly defined as "the inexorable integration of markets, nation states, and technologies...in a way that is enabling individuals, corporations and nation states to reach around the world, farther, faster, deeper and cheaper than ever before."(Griffin 2007) There are many arguments in favour and against, both for the developed world and the undeveloped world. There is no argument that levels of income disparity and poverty are significant between advanced and emerging countries and Globalisation has started to bridge that gap. ...read more.

Middle

It is argued poverty will lead to environmental degradation whilst environmental degradation leads to poverty (Stiglitz 2002). A huge reliance on resources and the increase of technology although has helped economic expansion, it has certainly led to environmental deterioration. As the population increases, the increase of travel, usage of resources, demand for products worldwide has led to an increase of the release of greenhouse gasses, along with climate change (Speth 2003). Maybe movies like 2012 and The Day after Tomorrow are ever relevant, with globalisation being a major cause of the downfall in our future, although the movie reference is certainly not relevant. Although it can be argued that an openness to trade and investment can provide developing countries with the incentive to adopt and give access to technologies which can put them on their way in being green (Speth 2003). With technology being at the forefront of globalisation, it has created new job opportunities, increased trade and investment as well as communication channels. ...read more.

Conclusion

Globalization is a vital step toward both a more stable world and better lives for the people in it." In a sense globalization will make people more open-minded and people will be able to view the world from a far broader perspective. The very nature of globalisation is very unpredictable and therefore inherently unstable. Whether it can be sustained is a difficult question to answer. Although it has provided many benefits to the world it has certainly been detrimental to other areas of the world. In order to sustain globalisation and bridge that gap between the rich and poor, regulation needs to be in place, whether in employment, environmental or even trade policies. This may help control exploitation of workers and resources, and could benefit those in less developed countries. My opinion, Globalisation is an inevitable process, and it would be foolish for us to resist. It doesn't have to be seen in a negative light. Globalisation should be recognised for its ability to bring the world together and create greater integration, and help the world become economically and socially stable. ...read more.

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