Does Globalization Contibute To Sustainable Prosperity For All People?

1069 Words3 Pages
bulb-icon

Recommended: Globalization contribute to sustainable prosperity

“Globalization contributes to sustainable prosperity for all people”. This quote contains mostly truth but there are also many arguments towards how globalization really does contribute to sustainable prosperity for people all around the world. This can be supported by three main points. How the rise of Japan’s economy effected the lives of millions of people. How shipwrecking effects the lives of both the ship companies and the workers in Bangladesh, and how economic growth contributes to the sustainable prosperity of the population in a specific nation. Sustainable prosperity can be defined differently from different individuals because of people’s personal opinions and their perspective is also effected by the people who influence their lives the most, but the main definition of prosperity is to have good fortune, or growth in an economic way. Globalization creates a gateway for sustainable prosperity to all people and gives people all around the world the opportunity to gain prosperity. In the far east area of the world, globalization has had many big benefits for creating substantial prosperity for individuals, like how Japan rose out of poverty and created one of the most poerful economies. Japan started out as one of the major isolated nations and over many years the spread of knowledge grew and Japan started opening their door to the rest of the world. Japan started out as a small economic country and didn’t have a very big impact on international trade and new technology but Japan created many legacies that had a huge positive impact, and changed the whole world. Along with the rise of technology, there became problems that effected everyone. With the rise of technology came the world demand for products and to keep up ... ... middle of paper ... ...s still many problems around the world that need to be fixed before we create sustainable prosperity for everyone. We need to create a foundation of survival and stop the starvation and extreme poverty before we can create sustainable prosperity and happiness for all people. Works Cited Gardner, Robert, and Wayne Lavold. "Chapter 9-12." Exploring Globalization. Toronto: McGraw-Hill Ryerson, 2007. N. pag. Print. "Persuasive Essay Example." Docstoc.com. N.p., n.d. Web. 09 Jan. 2014. "Position Page: To What Extent Does Globalization Contribute to Sustainable Prosperity for All People? - Economics and Enviroment." Position Page: To What Extent Does Globalization Contribute to Sustainable Prosperity for All People? - Economics and Enviroment. N.p., n.d. Web. 09 Jan. 2014. "SHIP BREAKING IN BANGLADESH." Shipbreaking in Bangladesh. N.p., n.d. Web. 09 Jan. 2014.

Show More
Related

  • Economic Globazation-Source Analysis

    778 Words  | 2 Pages

    Overall, many people believe that economic globalization does a great job of enhancing our economy and our quality of life. Source: This is an excerpt from the book “Transnational Corporations: Knitting the World Together”. This book was published in 2004 and the author is Keith Suter, a futurist. He believes that transnational corporations are now the main global economic force as they erode the national market. He deems that due to transnational companies, the world is now involved in one global market.

    Read More

  • To what Extent does Globalization Contribute to Sustainable Prosperity?

    1067 Words  | 3 Pages

    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.

    Read More

  • McDonald's in Hong Kong, by James Watson

    1552 Words  | 4 Pages

    The Globalization Reader. 2011. Fourth Edition. Frank J. Lechner and John Boli, eds. Malden MA: Blackwell Publishing.

    Read More

  • Globalization In Peru Essay

    1042 Words  | 3 Pages

    Whereas globalization may not be the flawless answer to end all of the world's difficulties, it is a good start. Countries that adopt globalization, such as Peru, have benefited tremendously. Globalization is good for a country's finances, politics, and most significantly for its persons. Peru was one time a third-world country ravaged with poverty, oppression, and a need of learning. Globalization has contributed to the decrease of scarcity, bigger literacy rate, and the liberation of women in Peru. The consequences of globalization can be identified in Peru and all around the world, when technological information is disperse, free trade is boosted, and political or social liberation is accomplished.

    Read More

  • How Globalization Saved Peru

    1730 Words  | 4 Pages

    Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country. (Leon 90-91)

    Read More

  • Does Globalization Contribute To Sustainable Prosperity Essay

    512 Words  | 2 Pages

    Globalization contributes to sustainable prosperity in many ways. In order to have sustainable prosperity everyone has to be willing to aid others, no one can achieve such sustainability for everyone without the aid of others. Humans have the potential to overcome great disasters and catastrophes with the help of globalization.

    Read More

  • The Positive And Negative Impacts Of Globalization In China

    1026 Words  | 3 Pages

    However, the impact it has made on China can be considered to be great as it brought China under the limelight in the global economy. Globalization has had many positive and negative ramifications on the Chinese economy. In the short run, it may be so that the negative impacts outweigh the positive impacts, but that is easily debatable. This is because all the negative impacts of globalization can be corrected with economic policies that can be efficiently undertaken by the Chinese government. In this manner, China in overall will be able to enjoy all the benefits of globalization and contribute more to the rest of the world as it continues to grow economically and socially. In today’s world, globalization is an important part of the development and prosperity of each nation and China too should be able to reap from its benefits. Today, as China proudly holds a place in the global economy as the world’s second largest economy and most populated country in the world, it can be said

    Read More

  • Urban Inequality

    2164 Words  | 5 Pages

    Sassen, S. (1998). Globalization and its Discontents. In G. Bridge, & S. Watson (Ed.). The Blackwell City Reader (pp. 161-170). Oxford, U: Blackwell Publishing.

    Read More

  • Proponent and Opponents of Globalization

    1294 Words  | 3 Pages

    Proponents have a strong belief in free markets and limited governments intervention. According to Preble (2010), globalization has led to the creation of jobs, higher living standards and a higher variety of goods available to consumers. International trade is one of the driving forces behind globalization. Countries specialize in specific goods wherein it has a comparative advantage. This results in a higher efficiency and productivity and ultimately leading to an improvement of the living standards. As a consequence, export increases. Hereto, more jobs are created, a higher variety of goods are available and international competition has increased. This results in lower prices, keeping the inflation in check (Preble, 2010). Furthermore, Preble (2010) states that the increase of trade in goods and services, foreign direct investment and cross-border investment have been important for the success of globalization. Other important benefits, mentioned by the proponents of globalization, are the promotion of information exchange and high understanding of a variety of cultures. Globalization has led to a world where “democracy has triumph over autocracy” (BBC News, 2000, as stated in Preble, 2010, p. 334).

    Read More

  • Critical Review of Peter Dickens' Global Shift: Mapping The Changing Contours of the World Economy

    1167 Words  | 3 Pages

    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.

    Read More

  • The Impact of Multinational Corporations (MNCs) on Developing Countries

    1004 Words  | 3 Pages

    Stiglitz, Joseph E. Making Globalization Work. New York: Norton & Company, Inc., 2007. Kindle ebook file.

    Read More

  • Globalization: The Path to Destruction

    1766 Words  | 4 Pages

    ... policies. People will continue to suffer in silence because of the world’s greed. So, while we enjoy our cheaply made goods and over consume the planet into demise, we never know of choose not to know the pain that went into the productions of those goods. Globalization may be championed as a gateway to financial growth for all nations, but only certain nations benefit from it. Global trading and integration has a negative effect on undeveloped nations and developed nations in many ways including; political systems, sovereignty, economy, way of life and much more. Earlier in the essay I asked ‘do the pros outweigh the cons when it comes to globalization’ and from my research I don’t see any real benefit. I don’t believe we should eliminate global business, but better the already lacking regulations and probably increase the standard of living equally for the world.

    Read More

  • Globalization and Sustainable Development

    1985 Words  | 4 Pages

    On the other side, many analysts and economists suggest that Globalization has proven to improve society’s overall wealth (Bryan & Farrell, 1996) and that it will continue to do so in the future. Others also affirm that Globalization will improve people’s well being, encourage cultural exchange and promote democratization (Wildavsky, 1995) (Friedman, 2000) (Byrnea & Gloverb, 2002).

    Read More

  • The Disadvantages of Globalization

    1583 Words  | 4 Pages

    Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.

    Read More

  • Impact of Globalization on People

    1497 Words  | 3 Pages

    ...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.

    Read More

More about Does Globalization Contibute To Sustainable Prosperity For All People?

Open Document