The Negative Effects Of Globalization On South Africa

3555 words - 14 pages

Globalisation refers to the process of the integration of economic, political, social and cultural relations among people, companies and governments of different nations and countries. It is a process aimed improving international movement of goods, services, labour and capital. This process also has a direct impact on the environment, culture, political systems, economic development and prosperity, and a human physical wellbeing of societies in the world.
Globalisation also indirectly suggests internationalism and mutual agreement and support between countries, as opposed to nationalism and protectionism, which have negative defining characteristics.
Globalisation goes back as far as the era before the First World War. During that time globalisation’s general tendencies produced a very uneven pattern of global economic development, exposing the limits of global economic integration. For example, the integration of the African economy into the capitalist economy is part of the globalising tendencies of capitalism.
Over the past 30 years the globalisation of the economy led by the World Bank, the International Monetary Fund and transnational entities have happened at a very quick pace. These institutions have pressured governments of developing countries such as South Africa to remove barriers to the cross-border flow of capital and products.
Even though globalisation is a positive or powerful force intended at improving the well-being of humankind, at aiding developing countries to create better economic environment, to quickly advance into the information age, improve access to technology and enhance global harmony, it’s effect on South Africa’s political, economic, social and cultural nerves cannot be ignored without severe consequences.

Firstly, the government’s liberalisation of macro-economic policies coupled with the advancement of telecommunications and technology has made it possible for exorbitant amounts of capital to move freely around the world by just a push of a button in search of the highest interest rate possible. Over the past decade South Africa has experienced extensive disinvestment and capital outflow to overseas which meant lost output, trade, and employment here at home. Moreover, the volatility on investment flows has also had a relatively weak impact on the GDP. At present investment represents only about 17 per cent of GDP in South Africa.
Robin Kibuka, an adviser in the Africa Department of the International...

Find Another Essay On The Negative Effects of Globalization on South Africa

The Effects of European Imperialism on Africa

1069 words - 4 pages contributed to its state today. The three most important imperialist powers involved in the colonization of Africa were France, Germany and Britain -- each left their deep “footprints” and had tremendous influence on the continent. France primarily made a cultural and political impact, while Germany’s legacies involved the bitter aftertaste of genocide; the United Kingdom, on the other hand, left the English language, which is a hallmark of its successes with imperialism and colonization. In essence, Africa was affected by historical imperialism to a great extent -- it remains very difficult to ascertain whether the effects were positive or negative.

The Negative Effects of Media on Society

1022 words - 4 pages Children are exposed to the negative effects of the media every day. Shows such as Bad Girls’ Club and Real World serve as poor role models for young people. There are many steps parents and guardians can take to lessen or completely stop the influence. Parents and guardians should offer children proper supervision, plenty of play, and education to shield them from the negative effects of the media. A very effective way to keep children from

The Negative Effects of Marketing on Children

1130 words - 5 pages influence their parents’ buying decisions. Marketers rely on the kid to pester their parents to buy the product, rather than going straight to the parents. The aim of most children’s advertising is straightforward: “Get kids to nag their parents and nag them well” (Schlosser). Are marketers contributing to an ethical social environment? By observing how marketers manipulate young children into purchasing products that may have a negative impact

The impact of world war two on South Africa

2794 words - 11 pages prevailed, however, winning the support of a majority of the cabinet and becoming prime minister. Hertzog resigned and joined with Malan in forming the Herenigde (Reunited) National Party (HNP). South Africa sent troops to fight on the British side in North Africa and in Europe. In South Africa, several thousand members of the Ossewabrandwag, including a future prime minister, John Vorster, were interned for antiwar activities.Economically and socially

The Effects of Globalization on Music

1818 words - 7 pages reasons that would make us believe that music has a homogenizing affect on the world. Globalization is becoming one of the most controversial topics in today’s world. We see people arguing over the loss of a nation’s cultural identity, the terror of westernization, and the reign of cultural imperialism. Through topics such as these we explore the possibilities or the existence of hybridization of cultures and values, and what some feel is the

South Africa: A country on the rise

1606 words - 7 pages information, government, strategic importance, and future direction of this emerging nation. Background Information South Africa occupies the southern tip of Africa, its coastline stretches 1,553 miles from the desert border with Namibia on the Atlantic coast southwards around the tip of Africa and then north to the border with Mozambique on the Indian Ocean. South Africa has three capitals. Cape Town, in the Western Cape, is the legislative

The Effects of Globalization

747 words - 3 pages In the book Globalization: A Very Short Introduction by Manfred Steger and the reprint Globalization and the Impact of American Popular Culture Abroad by Carl Guarneri, the point is made how recognized globalization has become and how much it has affected citizens around the world. Some of the debates over the effects of cultural globalization are: the West and its multinational corporations after World War II, what it promotes to the world’s

Effects of Globalization: Globalization and the Effects on the United States Economy

2136 words - 9 pages matter of seconds. The internet allowed the world to connect by means of fiber optic cable. No longer did people have to set sail to get to America, or vice versa, they are now able to connect with one another via various technological devices. Globalization has flattened the world, all the knowledge pools in the world are now being connected together (Friedman, 2005). Effects of Globalization Globalization has a number of effects on the

The Negative Affects of Colonization of Africa

562 words - 2 pages The Negative Affects of Colonization of Africa The article “The Supposed Benefits of Colonialism to Africa” denied all claims of Africa benefiting from colonization and strived to prove that colonists had a predominately negative affect on the continent. Europeans came to Africa to exploit the natives and use all of their rich natural resources to support capitalism. So, all of their decisions were made in the interest of the metropoles

The Effects of the Berlin Conference on Africa

2146 words - 9 pages captured new lands. The Europeans saw Africa as being a great place to obtain all types of resources from labor to natural materials. Items such as cotton, coal, rubber, copper, tin, gold, and other metals were considered very valuable and readily available in Africa (Nardo). The industrial revolution had already become a strong influence on the countries that attended the Conference. They had spent the past 400 years gathering slaves from Africa

The Negative Effects of Colonialism on the Colonized Country

869 words - 3 pages education leads to a poor society, (Effects of Poor-Quality Education) This quote illustrates the negative effect of having poor schools as it highlights that a poor society is a result of poor education. A mother country also provides food supplies for its colonies, however, most of it gets stolen which in turn reflects on the people of the colony and causes starvation. These factors also affect the social structure negatively

Similar Essays

The Effects Of European Imperialism On South Africa

2106 words - 8 pages The county of South Africa is an economically flourishing country and probably the most advanced country on the continent of Africa. However the entire continent of Africa is probably the most undeveloped part of the world. Why is South Africa so different from the rest of its continent? Karen Politis Virk explains that it is because of South Africa’s developed economy and diverse population (Virk 40). South Africa has three main ethnic groups

Negative Effects Of Globalization Essay

1142 words - 5 pages Globalization refers to the absence of barriers that every country had. Yes, it has helped to demolish the walls that separated us .Globalization, which is the process of growing interdependence among every country in this planet, can be seen as a sign of hopeful and better future by some, but for others it represents a huge disaster for the whole world. That’s why we are going to see the negative effect that globalization has on

Effects Mining Has On The Soil In South Africa

1629 words - 7 pages The mining sector is one of the largest sources of income in South Africa, after the Agricultural sector. It has been a major supporter to the industrialization of South Africa after the discovery of diamonds in Kimberley in1871, and the Witwaterstand goldfields in 1886 (Sorenses, 2012, p.22). This essay would be focusing more on the environmental and social effects mining of Coal, Gold and Uranium has on the soil in South Africa. The waste

What Are The Positive And Negative Effects Of Globalization? Why Do People Fear The Movement To Create A One World Government?

1223 words - 5 pages Choice 3: What are the positive and negative effects of globalization? Why do people fear the movement to create a one-world government?Globalization is a concept used to describe the changes in society and the economy in the world. It was created by the growth of linkages and exchanges between countries, organizations, or individuals in the cultural, economic, and social on a global scale. Nature of globalization is the extended the market