The Pros And Cons Of Globalization

Jack Welch, an American business executive, couldn’t have said it better when he stated, “Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital – the world’s best talents and greatest ideas.” The exchange of ideas and cultures has lead to a phenomenon where countries have left the old ways and have started to find ways that will make them successful. As globalization started to spread across the globe, countries faced devastating consequences as they start to get into more conflicts with one another, however despite these negative impacts, globalization created common interests and values which has inspired an international integration that has set the basis of the 21st century.
With growing exchange of worldviews, products, cultures, and ideas there is bound to have conflict between countries. In the United States alone, people started to see a growing economic inequality between the rich and poor. The US lost many jobs; this forced the factory workers to work under gruesome conditions with minimal pay, while others in the US flaunted their wealth from the high-tech companies. Not only in the US, but also around the world there seems to be a growing divide between the rich and poor. For example, after the Chiapas rebellion northern Mexico became much more successful than southern Mexico. Moreover, in China the urban income was three times more than the rural income. As we start to see there starts to be stark divide between the rich and the poor. In the book Ways of the World, Strayer states that the “ratio between the income of the top and bottom 20% of the world’s population was 3:1 in 1820 and 86:1 in 1991”. This can only mean that within the count...

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...nd are indeed the basis and foundation of much of the 21st century.
Through globalization, the world had the ability to trade with one another and as Welch stated we looked for the best talents and started to use them around the globe. However what this often led to was a huge divide between the rich and the poor and where the developing countries had little to no say what was happening around the world. However despite these cruelties, there had to be some negative consequences with the world transforming. During globalization, the world came together on many common interests such as liberation and was able to provide equality to all genders. Without this revolution during this time, many of us still would be living in inequality. Globalization truly has transformed the world into a much better place that has allowed us to learn and interact with one another more.