Globalization Essay: Pros And Cons

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About 10 or 20 years ago not so many people heard about globalization, and only few knew what it means. Today globalization issue is discussed by almost everyone. A lot of journalists, writers, and just ordinary people have already written numerous globalization essays, in which they highlight different aspects of this phenomenon. Contingently all the essays on globalization can be divided into 2 groups: the first group supports globalization and tells about its advantages, the second one is against it and emphasizes its weak points. In this essay on globalization we try to remain neutral and to show you both pros and cons.

The concept of “globalization” is very multifaceted. In simple words globalization is a process of the world transformation into a unified system. In the end of the last century globalization became actual topic for thinking; discussions about it did not stop but strengthened instead. Globalization implies the integration of the economic, cultural, political and religious spheres, however, the most sensational is globalization of the economy.

Combining of space in one zone and unlimited movement in it of information resources, funds, labor, goods and services, the free expression of ideas, the development, strengthening and interaction of social institutions – all these form the world economic globalization.

Sources of globalization

1. Scientific and technical progress, in particular the development of the Internet, by means of which the distance between countries is erased. Today we have the possibility to get news from any place of the world, as soon as they occur, watch images and video from satellites in real time. It has also become available distance learning in educational institutions of any country.

2. World trade, which has become much freer as a result of liberal measures. Thanks to the taken measures tariffs on trade in goods and services from abroad reduced.

3. Transnationalization, which in essence is an exchange between the countries of the goods, which in one country are in abundance, and in another there is a lack of those goods. Multinational companies today captured financial and information market. The economies of all countries are becoming a global.

4. The transition to a market relations, which is more or less occurred in Europe and the former Soviet Union, and thus supported the economic views of the United States.

5. Union of the cultural traditions. The media are becoming homogeneous and globalized. English has become the international language, as in former times Russian was main for the countries of the USSR.

Pros

1. Globalization has created an international competition. Competition, in its turn, is a stimulator of the production, as much it is harder as much the level of production is higher. After all, every manufacturer tries to occupy a favorable place in international trade field, so he tries to do everything so that his goods look more attractive than the competitors’.

2. Globalization has provoked economy of industrial scale, which contributed to avoiding shocks in the economy and to lower prices.

3. International trade is beneficial to all the subjects of market relations; creation of trade unions only accelerates the process of globalization.

4. The introduction of modern technology improves productivity.

5. Countries in the development stage can catch up with the advanced state, globalization gives them a head start to improve their economic situation and take strong foothold on the world stage.

Cons

1. Benefits of globalization can not be equally distributed across the world. Some industrial sectors from international trade make huge profits, the inflow of skilled labor force from abroad, the financing, while others are losing competitiveness, become unnecessary. Forgotten industries need time and money to reconstruct, to adjust to the new conditions of life. Often they do not manage to do it, so the owners lose their money, people lose their work. These changes greatly hurt the national economy of each country, make changes in the economic structure, and the unemployment rate increases.

2. The de-industrialization of the economy. The manufacturing sector loses its ground, while its place takes the thriving service industry. People have to train for a new profession to find their place in this global changing system.

3. Competition creates a large gap between qualified and no qualified personnel. Salary of the first ones increases significantly, while the second receive a penny or even lose their source of income. This again raises the unemployment, which undermines globalization. But at the same time it is also a good incentive for people to train, develop and acquire a qualification.

4. Globalization has a significant impact on the ecosystem of the world. Conflicts over the use of natural resources can not be avoided. The world is already on the verge of tremendous discord caused by deforestation, pollution of the oceans and seas, and the irrational use of the goods of the Earth.

All this can cause irreparable harm to humanity and the planet as a whole.

Globalization is a fact of modern life; it is an irreversible process, inescapable fate of world development. Globalization can not be good or bad.

So let’s sum up everything we have already mentioned. Globalization is a world phenomenon; it is a process that affects every country of the world, their economies and the lives. On the one hand it unites the whole world, on the other hand globalization makes the line between developed and backward countries more apparent. The competition, which affects really all areas of production, is the main globalization engine on the world market. Only those companies that are able to compete can survive. The biggest globalization disadvantage is that backward countries will suffer the most, as they will not be able to take their place on the global market.

Now having read this essay about globalization you are able to form your own valid view on this issue. We have other essays for you on various topics. Visit our website and you will find everything you need. Also our qualified team can help you any time. On Bigessaywriter.com you are always welcome!