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The Disadvantages Of Globalization Essay

1573 words - 6 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.
Those who support globalization believe it is a positive concept because it promotes the diffusion of wealth, culture, knowledge, and technology. Proponents argue that the dissemination of information and wealth of this type will only benefit citizens, from the poorest in developing countries, to the wealthiest in established countries. In addition, they claim the integration of cultures and economies leads to the spread of information, which also increases religious, cultural, and racial tolerance. However, in spite of all these well-intentioned ideas, globalization has resulted in detrimental effects to the economies and cultures of some countries, groups, and individuals.
Undeniably, globalization has allowed expansion and the amassing of immense fortunes. Unfortunately, this consequence contributes to the gap between the wealthy and the poor. The democracies of unstable countries lay prey to economic forces such as globalization based upon the fact that they are weak and deficient in strong leadership. Many governments that support globalization do not recognize that the individual citizens pay the costs, while multinational corporations reap the benefits. Currently, around eighty percent of the world is composed of unstable, developing countries that lack the strong voice that would be advantageous in vocalizing their opinions and concerns; the remaining twenty percent exerts control and makes decisions. “Globalization has led to benefits for some, though it has not led to benefits for all. The benefits appear to have gone to those who already have the most, while many of the poorest have failed to benefit fully and some have been made even poorer” (Duncan and Melamed 2001). There is no authority to regulate globalization; until there is, the gap between the rich and poor...

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