• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The Downside of Globalization

Extracts from this document...


Salma Al-Sayyad 900 04 1112 ECLT 102-30 Essay #2 Draft 1 The Downside of Globalization As the fuzzy state of world economy continuous, the debate over globalization becomes more extreme. With enthusiastic supporters counting its virtues on one side and equally enthusiastic critics on the other. Edwin Locke stands in the supporter's side. In his article "Anti-Globalization: The Left's Violent Assault on Global Prosperity" Locke praises globalization and presents it as the best choice. He seems willfully blind to the damages globalization can lead to. He refuses all the arguments pointed out by the anti-globalization protestors and calls them nihilists. However, Even if some of the protestor's arguments are somehow removed from the reality, they offered some points that need full attention. Locke's arguments shows only one side of the truth which is not enough to draw a general conclusion about globalization. He conceals the downsides of globalization by using logical fallacies trying to make globalization seem better than what it really is. Locke starts by pointing to globalization as a model that brings prosperity to all those involved. He says " every country becomes more prosperous the more it invests in producing and exporting what it does best (in terms of quality, cost, uniqueness, etc.), and importing goods and services that other countries can produce more efficiently"(Locke). ...read more.


He says "Governments have the power of physical coercion (the gun); corporations do not; they have only the dollar". In fact, the economic control is of equal if not more power than that of the gun. The threat meant here is obviously the economic not the gun threat. We can find lots of examples of how powerful the dollar can be. Countries give out their sovereignty under economic pressure. One recent example is Libya, which under economic ban was forced to obey orders and undergo actions they will not do if they were economically stronger. In fact, economic control is a shorter road to political control. By getting poor nations to belong economically to rich ones, the wealthy countries can then go as far as they want in dominating the poor nations' political and even social outcome. Besides, "The world's 225 richest individuals have a combined wealth equal to the annual income of half of humanity. The three richest people in the world have assets that exceed the combined gross domestic product of 48 countries."(Barlow). Which means the world is already in a state where corporations that is richer than countries exist. All the circumstances required for economical control scenario is already present. ...read more.


They want to annihilate the system that has produced the very prosperity, happiness and freedom that their system could not produce." (Locke). Beside the fact that globalization did not yet prove to bring prosperity. Insulting the protestors does not affect the truth or even the falsity of their claims. Their claims stand on its own. To be refuted one needs logical reasons not psychological explanation of their actions. This is clearly an ad hominem fallacy where one attacks the people instead of attacking their arguments. Until globalization proves to be really good or really bad, the hysterical debate won't stop. Globalization might offer opportunities that seem promising. However, we cannot blind ourselves to its downsides. Locke stands as a cheerleader to globalization and takes an extreme point of view that is clearly too far from being accurate. Some points that the anti-globalization posed like the environmental and economical control perspective needs full attention. Outsourcing, economical control and environmental perspectives needs to be faced instead of concealed. Works Cited Barlow, Maude. "Blue Gold - the global water crisis and the commodification of the world's water supply." . 24 Oct 2004 <http://www.thirdworldtraveler.com/Water/Blue_Gold.html>. Drezner, Daniel W. "The Outsourcing Bogeyman." FOREIGN AFFAIRS MAY/JUNE 2004: 22-34. Locke, Edwin A. "Anti-Globalization: The Left's Violent Assault on Global Prosperity." Capitalism Magazine 1 May 2002. 24 Oct 2004 <http://www.capmag.com/article.asp?id=1559>. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Evaluate the impact of Nike's outsourcing strategy and factory location on the host nation

    Official statistics show that Cambodia GDP (real growth rate) has grown significantly since Nike have operated in its economy as GDP grew at 5% in 2000, 6.3% in 2001 and 5.2% in 2002.5 In china GDP has been quadrupling since 1978 when the economy was opened to increase foreign investment.5

  2. Split Votes: A Nation Divided on the Marijuana/Drug Legalization Debate

    and consumption have, if anything, increased over the past twenty-five years; and drug prices have fallen substantially over the same period" (Prohibition 3). From the evidence presented, it seems the government's attempt to control the drug market through a broad-based policy program has been ineffective.

  1. Discuss the socio-economic impacts of globalization on Singapore.

    Thus, the Singapore government have boost efforts to develop a strong and resilient external wing to overcome our resource constraints, and to take advantage of the opportunities in the region and further afield. This has thus resulted in industrial development.

  2. Outsourcing. From the us point of view, how large is the outsourcing phenomenon and ...

    Asian electronics contractors, but the current trend is to outsource more and more engineered product. For example, the company Microsoft has a good part of their software designed by engineers from India. The jobs which are being outsourced are, for the most part related to the services industry.

  1. Liberalization: where it has lead us and where it is headed

    In their 1996 election campaigns, sections of the UF argued vigorously for the re-invigoration of the public sector and pointed to how internationally successful public sector enterprises like BHEL and ONGC had been deliberately prevented from making new investments and bidding on new contracts.

  2. Protectionism -Arguments for and against

    Firstly, workers are paid on the basis of what they produce. A reason for Australia's high wages for workers is because the workers are more productive. Another reason for cheap foreign labour is because the country may have a lot of workers, so they are cheaper.

  1. Industry sector: coffee exporting

    Secondly, Ukrainian market is full of instant coffee while it's becoming less popular than coffee beans and ground coffee. As it was mentioned above, the company does not purchase suppliers but purchases coffee directly from manufacturers.

  2. Modernization and globalization in Nepal.

    Since the establishment of the multiparty democracy Nepal has initiated a course to modernism. The country is rated among the poorest and least developed in the world and nearly half of its population lives below the poverty level. The main economic activity in the country is agriculture and about 80 percent of the population earns their living through agricultural activities.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work