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The positive and negative effects of Globalization

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Introduction

The positive and negative effects of Globalization Globalization is a broad concept and the angle taken to define it can lead us to interpret the idea in many different ways. There is much controversy about what globalization actually means and many definitions fail to encompass social, cultural and technological exchanges between world systems. John Pilger suggests that "it is a jargon term which journalists and politicians have made fashionable which is often used in a positive sense to denote a 'Global village' of free trade, hi-tech marvels and all kinds of possibilities that transcend class, historical experience and ideology." (J.Pilger 1998:63). Taking a broader point of view, Bilton et al defines globalization as "The process whereby political, social, economic and cultural relations increasingly take on a global scale, and which has profound consequences for individuals, local experiences and everyday lives." (Bilton et al 1996:5) The process of globalization has certainly had many changing effects to the world we live in; it has also changed the way many factors operate. Globalization is said "to have transformed the structure and scale of human relationships that social, cultural, political, and economic processes now operate at a global scale with a consequent reduction in the significance of other geographical scales."(The Dictionary of human geography 2004:315) ...read more.

Middle

have been created as the new regulatory systems on a global scale to regulate MNC's. However, while these supranational organizations make decisions behind 'closed doors' they continue to be undemocratic and favour those with power at the expense of others. This is a prime example of how globalization has had a negative effect on developing countries. Only true restructuring of these systems will enable them to effectively bring positive change throughout the world. A major negative effect of globalization has been the gradual division of the North and the South (more economically developed countries and less economically developed countries) It can be argued that globalization has decreased the difference between MEDC's and LEDC's. By looking at figures from the HDI in the UN development Report 1999 some countries have increased income due to globalization. China's opening to world trade has brought it growth in income from $1460 a head in 1980 to $4120 by 1999. However, although some countries have benefited from economic development through globalization many countries remain poor. "The gap in incomes between the 20% of the richest and the poorest countries has grown from 30 to 1 in 1960 to 82 to 1 in 1995." ...read more.

Conclusion

Conclusion In Conclusion there are evidently positive and negative consequences of globalization. These effects are either direct results of globalization or indirect results caused by factors linked to globalization. Throughout this essay I have stated many of the major effects globalization has caused to our world system. Many of these effects have been around since the beginning of globalization however some are more recent issues such as the internet and terrorism. It is clear that globalization has had many positive effects to world markets. Globalization has helped open up new trade areas where LEDC's can benefit from a range of beneficial outcomes such as new employment opportunities and greater economic development. As stated previously not all countries have benefited from the spread of globalization and in fact many countries have been exploited. In order to sustain globalization and to limit negative outcomes MNC's need to be regulated to stop further exploitation. If globalization continues to aid the flourishment of global capitalism a sense of social responsibility needs to develop along side it. As our awareness or access to knowledge grows we must take responsibility for our actions. Failure to do so means we will live in a continually polarized world where the gap between the rich and poor continues to cause global atrocities and growing instability such as global terrorism that we are witnessing now. ...read more.

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