Advantages & Disadvantages of Globalization Social Research Paper (Research Paper Sample)
discussion on the advantages and disadvantages that are embodied in globalizationsource..
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Below is a discussion on the advantages and disadvantages that are embodied globalization:
Arguments for globalization.
Increased WealthGlobalization leads per capita GDP growth rates, where developing countries become wealthier. This correlation between globalization and annual growth demonstrates benefits to international trade, economic development, and standards of living of living.
Rise of Political PhilosophiesGlobalization involves the rise of political philosophies, based on the assumption that free markets follow a natural trajectory towards democratic and capitalistic philosophies. This is because these political perspectives represent an overall improvement on standards of living and that the correlation between globalization and these principles is significant. The increasing global trade increases political stability and also increases job opportunities, technological advancement and equality.
Better Quality of LifeProponents argue that the widespread availability of global goods, services, and ideas positively impacts the lifestyles of the people. This is better witnessed through the following; Better access to external financing some like home loans, International travel and tourism, Professional career abroad due to liberal immigrant laws and foreign worker programs, Greater consumption of worldwide entertainment including music, sports, fads and pop culture, The rapid spread of consumer products to other countries, Infrastructural development by multinationals to create easy access for their markets.
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