Globalization is Beneficial to the Impacted Countries (Essay Sample)

Globalization is Beneficial to the Impacted Countries Name Institution Globalization broke traditional borders and boundaries, allowing nations to connect, exchange goods, services, ideas, and even people propagated by different forces such as media, technology, transport, and global finance. A lot has been said about globalization, with some parties viewing it as rich nations' honeypot, which makes developing nations even poorer. On the other hand, arguments claim that globalization is responsible for the opening, growing, and developing of many economies worldwide. While these lines of thinking may be justified, globalization has brought more good than bad in the countries it impacts. Notably, globalization has seen multinationals from developed countries venture into underdeveloped and developing nations creating millions of jobs that give a source of livelihood to millions of people in the host countries. These organizations, in turn, get enough labor and markets for their products. Many anti-globalization campaigns argue that multinationals exploit workers in developing countries through low pay and poor working conditions, but this does not apply across the board. Besides, host countries should be responsible for ensuring that multinationals meet all working standards. It is also important to note that globalization has improved health, education, and transport infrastructures as nations race to meet skill and infrastructure demands through outward-oriented policies. For globalization to work seamlessly and benefit the countries and organizations involved, the individual countries should develop regulations and laws to regulate foreign multinationals. For instance, have stringent policies that set the minimum wage and standard working conditions for all companies operating in the country. It is the responsibility of each country through the government to ensure its population taps into the benefits of globalization while navigating any adverse effects. For example, governments should have bodies to inspect worksites and withdraw operating licenses for companies that are found to violate the set standards. Nevertheless, companies operating across national and regional borders should observe different ethical standards depending on the countries' cultures and values. Generally, such companies should respect human rights by paying workers fairly and ensuring good working conditions. Other ethical standards to observe include environmental conservation, adhering to market practices in different countries, avoiding corruption, and adhering to labor standards. For instance, companies should not hire the underage population. Still, ethical values vary with the different cultures, and therefore companies should observe...