Topic 1- Globalization
Growing up in twentieth century, the subject of globalization has drawn numerous supporters and opponents alike. According to the International Monetary Fund (IMF), the core pillars of globalization are movements in trade, capital investments flow, human resources and information knowledge transferred across geographic boundaries. (IMF, 2000) While some view this process as beneficial and needful, others regard it with hostility and even fear.
In Ladakh, “Little Tibet”
Observing first-hand the effects of globalization on local communities is Helena Norberg, founder of the International Society for Ecology and Culture (ISEC). Under the leadership of the Indian government, Ladakh was propelled into the global arena in 1975- as the world raced for rapid economic growth and development.
Over the next 2 decades, Little Tibet saw economic success like never before. Highlighting this achievement is the tourism industry which contributed up to 50% of the nation’s Gross National Product (GNP) due to the steady influx of foreign tourists- from a mere few hundred to an estimated of 15,000 annually. (Alex G., 2008) As such, globalization brought about an increase in wealth for the Ladakhis community as a whole.
On the hind side, Helena and many others witness the pernicious repercussions of this phenomenon. In particular, “globalization created a sense of inadequacy and inferiority primarily amongst youth” as they compared their simple agriculture-centred way of life against the affluent, pleasure seeking lifestyle of urban tourists. (Helena N., 2010).
Caving into the psychological pressures, the Ladakhis readily despise their traditional values and norms and are quick to embrace whatever is seen as modern. Case in p...
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...Furthermore, benefiting from globalization, Singapore established itself as the premier global financial hub. As such, it was successful in attracting Multi-National Corporations (MNCs) and Foreign Direct Investments (FDIs). Quoting a study by the National University of Singapore (NUS), “Globalization was the primary centrifugal force that led to the success of the financial industry in Singapore”. (NUS, 2004)
Putting things into perspective, we must also be cognizant of the disadvantages globalization brings. For example, the loss of traditional cultures as reflected in the case of Ladakh, or influx of foreign talents competing for jobs; or even the brain drain effect.
However, paramount to our discussion, we understand how globalization has greatly benefitted the Singapore community as a whole; and how, the positive impacts have preponderated over its shortfall.
Globalization helps many people achieve greatness. But for the majority it brings hardships and struggle. People will be plagued by the effects of globalization and will have a tough time over coming it. We are far from reaching a point where we can say we have sustainable prosperity throughout our world. But before we focus in on sustaining prosperity, we must first reach prosperity and bring it to all corners or the earth.
When the term “Globalization” is discussed, most academics, scholars, professionals and intellectuals attempt to define and interpret it in a summarized fashion. My main concern with this approach is that one cannot and should not define a process that altered decades of history and continues to, in less than 30 words. Global Shift is a book with remarkable insight. Peter Dicken rather than attempting to define the commonly misused word, explains Globalization in a clear and logical fashion, which interconnects numerous views. Dicken takes full advantage of his position to write and identify the imperative changes of political, economic, social, and technological dimensions of globalization.
(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) Globalization has had both positive and negative effects on a local, national, international and global level. Globalization often brings benefits at one level which cause negative effects at another, these results and the scale at which they manifest are often uncertain and unpredictable.
It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of the world closer. Considerable amount of exciting tourists can visit remote villages in the corner of the earth. Secondly, new telecommunication, such as internet and TV, makes people’s common life colorful. Fans in China who are interested in Manchester United can also share their joy with their counterparts in United Kingdom, when the team won a game. Moreover, we can buy the popular products of high quality made in other countries, such as automobiles of Volkswagen and furniture of IKEA. Finally, globalization can lead to cooperation in trade between different countries. Even though globalization can bring so many conveniences to us, we still worry about its severe negative aspects.
Just imagine waking up in squalor, a once prominent society, now a desolate wasteland. All because foreign interest has raped your land of its natural resources and you seen not a cent in profit. Although, globalization is unifying the worlds developed nations and is bringing commerce to nations that have struggle in past years. True, globalization has many positive effects but do the pros outweigh the cons. In this essay I will discuss Globalization ruining the integrity of many countries and also is forcing many undeveloped nations into a bind, and is causing economic distress on some developed nations. Also, due to economic globalization the nations of the world are diluting their culture, sovereignty, natural resources, safety and political system. My goal is not to change your way of thought, but only to enlighten you of the negatives of global economic expansion.
...ent prevails over the degradation. In my opinion, the benefits of globalization discussed in this paper are far more important than it's costs or the costs and benefits of localization. Although, localization and globalization will continue co-existing, globalization will continue to increasingly dominate over time because most countries are generally leading to and becoming more accepting of the idea of globalization. In conclusion, the benefits gained by globalization are the most important to people's lives because it aides in the learning process of people expanding their horizons and understanding the benefits to countries, organizations, and groups working together. Although losing some part of one's national identity can be a disadvantage at times, the advantages of being able to work together and help each other in a globally integrated world are much more.
Globalization, love it or hate it, but you can’t escape it. Globalization may be regarded as beneficial from an economic and business point of view, but however cannot be perceived the ditto when examined from the social sciences and humanities side of it. Globalization can be argued as a tool for economic growth, advancement and prosperity through co-operation between the developed and developing countries. The pro-globalization critics argue that the benefits that globalization brings to developing nations surpasses or outcasts the negative impacts caused by globalization and may even go a step further to state that it is the only source of hope for developing nations to prosper and stand out. However, the real question to be asked is as to what extent are the positives argued upon without taking into account the negative aspects of globalization towards developing countries. Moreover, how many developing countries out of many are exactly benefiting or even prospering from globalization is another question to consider. Therefore, my paper will dispute that indeed growth and advancement provided by globalization to developing countries is beneficial in short-term, but in the long-run, it will only bring upon negative impacts and challenges due to the obstacles involved such as exploitation of labour and resources, higher increase in poverty, and effects of multi-national corporations on local businesses and the economy, and to an extent the effects on the developing country itself.
Finally, everything in the world has a positive side and a negative side and globalization is one of them. It is up to us the people of the world to maximize the positive aspect of globalization and minimize its negative aspect.
Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.
...Mobile Subjects’ and homogeneity. Jonathan Xavier Inda and Renato Rosaldo make valid points when they note; these are merely small components that elements of the true definition of Globalization. Being disconnected, excluded, and immobile generate difficulties and inequalities within Globalization.
Globalization, the acceleration and strengthening of worldwide interactions among people, companies and governments, has taken a huge toll on the world, both culturally and economically. It’s generating a fast-paced, increasingly tied world and also praising individualism. It has been a massive subject of matter amongst scientists, politicians, government bureaucrats and the normal, average human population. Globalization promoted the independence of nations and people, relying on organizations such as the World Bank and also regional organizations such as the BRICs that encourage “a world free of poverty” (World Bank). Despite the fact that critics can argue that globalization is an overall positive trend, globalization has had a rather negative cultural and economic effect such as the gigantic wealth gaps and the widespread of American culture, “Americanization”; globalization had good intentions but bad results.
"…brings into contact people from different nations, socioeconomic classes, and ethnicities." (p. 2) As such, the authors argue that historical studies of tourism reveal human interaction that is "both pleasurable and profitable as well as exploitative and depleting."
On the other hand, opponents question if the benefits of globalization compensate the created downsides. In their opinion, globalization has manifested unemployment, poverty and marginalization. Additionally, it has been one of the key drivers ...
Globalization has been a start of a new modernized era in history. The source states that as an individual you are given prosperity, stability, and also predictability, and also points out that it helps developing countries modernize and catch up with developed countries, and also reduce poverty since new businesses are formed allowing more employment in the country due to the subsidies that wealthier countries give to them. The person who wrote this source is a pro globalist, and has probably experienced the prosperity that was given to them because of the global trading system. His perspective on globalization suggests that globalization is the key to advancing technology, good relations between countries, and is beneficial event in history. One should embrace the global economy as it creates many roads to achieve your goals in your life, and also for the weaker countries that needs support, but to a degree that the government can intervene with the market.
...get larger which results in difference in life styles of people. By comparing both the advantages and disadvantages of globalization we can understand that the advantages are more noticeable and have greatly benefited the human life.