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In this article they explain the cons of globalization. One con they mention is how global warming has a big effect on our country. Climate Change and Development Policies are a big thing in most countries. Another con they mention is how  businesses change to privatization and monopolization which is illegal in most cases. If that happens a lot could go wrong. All this may lead to a boom in the black market and criminal networks. This means drugs, terrorism, mafia, and counterfeiting will play a role in the world. Mainly this article addressing the little things that globalization could or has brought us.

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Globalization is an ongoing process that we can not coop with. It touches most of our economic systems, has impacts development, growth, wealth but also culture, society, politics and so on...

We all agree that although we are pro or against globalization, it affects us every day directly or indirectly and will affect us as we discussed for example previously on our professional future.

It is not so evident to balance all pro and cons argument to decide wether or not globalization is a good process that we should accept or one we should try to stop and avoid. However we agree on some pro and con arguments concerning this process.

Here is an extract of some common arguments we agree on:

Pro=
-it brings competitiveness and efficiency
-it drives the freedom of the society
-helps developing Education, Infrastructure and stimulates Innovation, Research, Development, training
-To some cases if all other factors (political willingness, low corruption, wealth distribution, infrastructure development, R&D, Education, Training) are combined it brings growth and development
-allows better integration of cultures and society

Con=
-it leads to income inequality and wealth concentration
-by driving the economy free markets ends up by leading the world and driving politics, benefiting to companies and not people
-growth is not sustainable and not inclusive
-its bring volatility and uncertainty over markets and economies with high repercussions on people and society
-it enhance tensions between nations and people

Our conclusion is that Globalization is not a process we should support or avoid, it requires a blend of pro and con views to mitigate its bad side effects on economy, people and society and enhance its benefits. Indeed shall we make the invisible hand a bit more visible when needed ?

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Globalization : Overcoming the challenges

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Globalization is an ongoing process that we can not coop with. It touches most of our economic systems, has impacts development, growth, wealth but also culture, society, politics and so on... We all agree that although we are pro or against globalization, it affects us every day directly or indirectly and will affect us as we discussed for example previously on our professional future.

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In this article there is a section that has the advantages of globalization. One of the advantages is, new solutions. New solutions means the world works as one together. Mainly this is a pro because when our countries work together we get more choices. They also mention how this will help the world make important choices such as what to trade or how to trade. Also by working together can make the world grow in a faster and better way. Another thing this article mentions that globalization creates wealth which is a great thing for our environment. This creates jobs, fresh water, medicine, food and housing.

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Globalization is not a new concept in the world. It may be farther along and advancing at a faster rate than ever before, but globalization has been around for hundreds and, arguably, thousands of years. The Silk Road spanned one-sixth the diameter of the planet - literally connecting the West and the East - and began during the Han Dynasty (roughly 200 B.C.).

Integrating a global economy is nothing new, but the modern implications in global business are bigger and stranger than ever before. Below we examine what it means to play a part in a global market, but you can bring yourself up to speed with this course on the geography of globalization and how it simultaneously shapes our cultures and economic relationships.

What, Exactly, Is Globalization?

There are two ways of looking at globalization. One is as an accidental or inevitable affect of economic growth; industry, technology, communication, etc. As the economy grows, it is only natural for a global market to become established in previously local areas. For this to happen, free trade and the free movement of capital are essential. Globalization is not just expansion; it is, as Merriam-Webster nots, "an increasingly integrated global economy." For integration to occur, economic freedom is necessary. Expand your knowledge of our global economy with this five-star course on finding success in global business.

The second way of looking at globalization is as a deliberate process, and this is almost certainly more accurate. Yes, there is a degree of inevitability involved, but this is due in large part to the agreements made between nations, between corporations, etc. Business wants globalization and it has almost single-handedly caused it to happen. The Silk Road was not a humanitarian effort. It was about a vision of business. And these visions become grander and more easily conceived as technology and politics progress so fast that globalization does, after all, seem inevitable.

Globalization: A Purpose

There is not one purpose of globalization; there are many, many more than I can list. But from this point forward I want to abandon this general talk of globalization and focus solely on the economy; or, more specifically, globalization and business.

So why do businesses actively work to make globalization happen? An initial answer is easy: cheaper production costs and more consumers to sell to. Globalization has a hand even in the smallest businesses (at least, in first-world countries). And where do these businesses go for cheaper production costs? China is the cliche example, but other popular options include India, Brazil, Russia, Mexico, Bolivia, Indonesia and a number of Eastern European countries.

The first company I worked for when I lived in New York employed about 15 people, yet all of our production was out-sourced to China. Even a small business can benefit from the incredible production savings to be found overseas, and this (along with the obvious fact that there are more people to sell to) is why businesses actively and aggressively promote globalization.

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In the end, globalization is all about competition. Lower production costs? That's a competitive advantage. More consumers? Another competitive advantage. Untapped markets, different services, investment opportunities . . . all competitive advantages. As soon as the first company went global, everyone else had to follow suit to keep up. Globalization is about growth, sure, but it is also about establishing the ultimate competitive position: diverse resources, diverse interests, diverse markets, diverse acquisitions; in a word, a portfolio so diverse it can only be attacked piece-meal, i.e. the proverbial "unsinkable ship."

If you're anxious to learn how to create your own competitive advantage, check out this post featuring 7 competitive positioning tips and strategies.

The Benefits Of Globalization

For some people, globalization is synonymous with world destruction. In the end - who knows - maybe this will be true. But in reality there are many good things that have resulted from globalization. In this section, I will still focus on the economy, but I would also like to touch on some social advantages, as well. For more information regarding the positive impact of globalization, check out this blog post on the benefits of globalization in the modern era.

Many Americans do not appreciate how efficient our markets are (efficiency here meaning supply and demand). These efficient markets allow economies to grow, and in a global world, when one economy grows, it spurs growth in all the other economies that are connected to it. In this way, reverberations of success are felt across the world, even when they are most profound in one area. Needless to say, this is a very good thing.

This is partially a result of what I just mentioned, but wealth equality around the world goes much deeper than that. Perhaps a better phrase than wealth equality is "standard of living." Globalization does several things nobody can deny: it creates jobs, it improves infrastructure and it allows more people to live at a higher global level every day (access to medicine, clean water, food production, housing, etc.).

Globalization results in partnerships between countries and organizations. This makes relations much more stable between both. Agreements are agreed to, and as long as these are upheld, a kind of world-cooperation is sustained. Having these friends with (economic) benefits provides both stability and security for countries that wish to remain peaceful and prosperous.

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Globalization allows important processes to happen more efficiently and important ideas to become reality. There is a certain irony involved in this, however. For example, globalization is going to allow the world to work together to (hopefully) solve our apocalyptic environmental predicament; but of course, this predicament is a result of globalization.

Still, it allows the human race to push forward, which at this point we must recognize as a necessity of our species. Progress is written in our DNA, and globalization has allowed us to accomplish truly incredible things (the International Space Station being one of the most far-reaching).

The Disadvantages Of Globalization

Because globalization is 100% inevitable, we must tell ourselves that the benefits outweigh the disadvantages. But do they? It depends where you're coming from, but let us first take a look at what these disadvantages are before we form an opinion. Get a different opinion from this post by Nick Gibson on the pros and cons of globalization.

Unfortunately, while competition is generally thought to be a good thing, it does not come without a sour side. If I were to say, "Some companies won't survive because of globalization," then you might say, "Then they don't deserve to survive; that's the beauty of it; the companies worth sticking around usually do."

I won't deny the truth in that, but what about the borderline monopoly that the largest companies in the world have created for themselves? Apple, Exxon, Google, etc. Whereas they were once innovators, they are now so big that politics and strategy are more important than innovation. The result of this is that smaller companies with innovative ideas have an incredibly difficult competing. And how can they? If they're lucky, they'll be bought out and walk away with a pay check; if not, they'll just be crushed, often purposefully, by a competitor that is literally a billion times bigger than them.

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I was raised in what was once the Apple Capital of the World: Winchester, VA. Over the last two or three decades, this title has (inevitably) been stripped from us; first it was by Pennsylvania, but then Pennsylvania had it stolen by China.

So now China is the Apple Capital of the World. They produce the cheapest apples, which account for roughly half the world's supply of apples. A lot of people up and down the East Coast lost their jobs, but here's the kicker: China isn't allowed to export apples to the U.S. This might change soon, but for the time being, China is able to put a lot of people on the East Coast out of business without even selling apples in the same country.

The lesson of the story is that another country can do what you do better and put you out of business without even looking you in the eye. That's globalization. But to be fair, the damage we've done to China and the benefits we took advantage of (cheap labor) are vastly more significant. Sorry, did I say "to be fair"?

I hardly need to spell this out, but I will add a thought or two. Globalization has created a global-sized need for energy and industry, and this need has been abused and ignored to the extent that the future of life as we know it has been brought into question. You may or may not believe in global warming, but you cannot deny the existence of the conversation. Does the fact that this conversation is happening not say something in itself?

Have we bulldozed our planet into trouble? Obviously, yes. The argument against this fact is that we could not possibly have caused so much destruction to our enormous planet. The facts say otherwise: we've logged over half of the world's tropical forests. And as far as how difficult it would be to change the composition of the atmosphere? The atmosphere ends a mere 60 miles above the surface of the Earth. It's just not that voluminous. It's not limitless. It's actually small, and when we work together globally, even the negative side effects of all the amazing things we accomplish are, in a word, globalized.

Good, Bad, Inevitable

Unfortunately, or maybe fortunately, globalization is simply and utterly good, bad and inevitable. Hopefully the good will out-weigh the bad, but the continued existence of both is inevitable. Because of this, we are better off accepting the truth and, like we do best, moving forward. But make no mistake: environmentalism is gaining speed. Whether you want to join the cause or just be on the front lines of a new opportunity, this course on energy, economics and the environment can help you make your choice.

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Impact Of Globalization: The Good, The Bad, The Inevitable

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Globalization is not a new concept in the world. It may be farther along and advancing at a faster rate than ever before, but globalization has been around for hundreds and, arguably, thousands of years. The Silk Road spanned one-sixth the diameter of the planet - literally connecting the West and the East - and began during the Han Dynasty (roughly 200 B.C.).

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In this video they talk about how globalization affects our world in a bad way. The main focus reason was, our natural resources are all being used. More and more natural resources are being used daily and this can lead to scarcity. If resources run out there will not be enough for future trading and there wont even be enough goods for people who need them. Future generations will not live if there is a shortage in food. Also if there is a shortage of any other good, that will also make it hard on generations to live a successful life.

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In this article they explain how globalization comes with many cons. They first mention how smaller countries have a hard time. When a smaller country is going through globalization they don't have many benefits as some larger countries do. Most countries have great land which is a plus for globalization, but on a small land it's different. Another reason they point out is, Globalization brings free trade along which doesn't help a developing nation with the security the need to grow things. This reason is pretty important due to the population rate rising fast. There were much more cons, but those two are very important.

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While many have heard the term globalization during news reports or televised debates, it can be challenging to suss out all of the attendant pros and cons. As the Internet continues to shrink the world we live in, globalization becomes more and more important. For those who are unaware, globalization is the process of shifting the world we live in from a place of isolation to a place of integration. It signals a greater economic and political cooperation worldwide and an increased sharing of ideas. Thanks to technological advances, globalization has become a greater reality.

List of Pros of Globalization

1. Free Trade
Once upon a time, nations were not able to trade freely with one another, due to all of the barriers that stood in their way. Companies in varied nations across the world are now able to trade with another, thanks to reduction of restrictions on importing and exporting.

2. The Consumer and Economy Benefit
Consumers are able to lower their costs and enjoy a much wider selection of products to choose from. Now that foreign companies can reach those who do not reside in their country, they are able to tap into markets that they were unable to reach before.

3. Competition Between Countries Drives Prices Down
The companies have greater access to more countries, which allows them to sell their goods and services to wholesale retailers all around the world.

4. Gives Other Nations Opportunity
A nation the opportunity to hone in on their strengths, while ignoring their weaknesses. A country that is rich in oil, but possesses a scarcity of suitable farm land is free to focus on exporting their plentiful oil supply. Because they do not have to worry about importation restrictions, they can easily purchase wholesale amounts of fresh foods from other countries.

5. Labor Can Move More Freely
Workers can move from country to country with relative ease and market their skills, goods and services to the highest worldwide bidder. Countries no longer have to suffer with gaps in their labor structures. A nation that is struggling to produce doctors can simply import them from another country. Shortages of labor are no longer an issue on a local level. Thanks to the increased ease of communication and the reliability of the Internet, a person can be trained to work at a job in a foreign country without actually being present.

List of Cons of Globalization

1. Smaller Countries Suffer the Most
While there are a variety of benefits, countries have struggled with certain globalization concepts. Certain nations benefit greatly from the current landscape, as others suffer. Smaller, less developed countries do not typically benefit from the level playing field that globalization provides.

2. Leaving Developing Countries Behind
Economists have argued that developing countries are at increased risk of being left behind. Globalization encourages free trade, which does not provide a developing nation with the protection that they need in order to grow.

3. Strain Among Job Markets
The free movement of labor also has its downsides. When workers can move freely from one nation to the next, countries that have a dearth of job opportunities often struggle. Skilled employees do not often stay in countries without a strong job market, which can cause a labor drain.

4. Inability to Recoup Investment
For countries that rely on public funding for their secondary educational system, this can be disastrous. Residents of the country utilize publicly funded colleges to bolster their skills for the job market, then take their talents to other countries. This leaves their home country with very little recourse to recoup their considerable investment.

5. Companies Seeking Personal Gain
Larger companies have learned how to leverage globalization for their own personal gain. Companies now have the ability to trade with countries that they are not based in. This allows them to exploit certain tax loopholes and hide money in places like Ireland and Hong Kong. When this happens, the countries that they are based in lose out on billions of tax dollars. The consumer is then squeezed by increased taxes on their goods, services and property. A nation typically has zero control over larger corporations registering in other countries to avoid taxation.

6. Negative Impact on Environment
The environment impact of globalization is considered to be negative by most experienced observers. The increased consumption of a wide variety of products leads to increased production which causes an uptick in pollution. Simply put, the environment is under added strain, which can have devastating long term effects on the planet's environmental stability.

7. Loss of Cultural Identity
Greater cultural hegemony is benefit, but countries are beginning to lose their identities due to immigration that is taking place on a progressively larger scale. As globalization becomes the new way of the world, more and more countries are at risk of losing their cultural identity.

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While many have heard the term globalization during news reports or televised debates, it can be challenging to suss out all of the attendant pros and cons. As the Internet continues to shrink the world we live in, globalization becomes more and more important.

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In this video they address some pros of globalization. The first pro that they point out was, it connects countries together. It showed how different parts of the world all work together to build one single car. Without the items from other countries, the car would not be complete. The second pro the video pointed out was, it advances technology as mentioned in pro #3. Globalization helps the world grow by communicating and even transporting! The growth from globalization will help things move at a faster pace. The last thing the video mentioned was that globalization helps share ideas and our values in many ways.

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In this video he talks about the positives of globalization. He first talks about how Markets are more Efficient markets. There is a equality in what buyers are willing to pay and sellers are welling to sell for a good or service. The next thing he mentions is Increase in Foreign trade. The trade is much more organized and olden ways will do a more controlled way. This way will also get more people wanting to trade due to the increase. Another thing he mentions is Spread of Wealth. This gives people more jobs, and the spread of education gives people advanced technology to work with.

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Jackie and Poojan give both sides of the globalization debate, but decide that it's mainly positive.

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In this article, they give bullets on how globalization can be a bad thing, mostly related to the Con Video for #1. The first bullet point is addressing jobs and how outsourcing creates less jobs for some people and gives other people from another country those jobs. The next bullet talks about how so many cultures are all combined together. When the cultures get combined most traditions are forgotten or left out. There may be a higher chance of diseases all over due to trade. This would affect our world in a huge way. The rest of the article basically says how Globalization could lead to negative impact on the world.

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If you look at the tag on your shirt, chances are you would see that it was made in a country other than the one in which you sit right now. What's more, before it reached your wardrobe, this shirt could have very well been made with Chinese cotton sewed by Thai hands, shipped across the Pacific on a French freighter crewed by Spaniards to a Los Angeles harbor. This international exchange is just one example of globalization, a process that has everything to do with geography.

Globalization and Its Characteristics

Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. McDonald's in Japan, French films being played in Minneapolis, and the United Nations are all representations of globalization.

Improved Technology in Transportation and Telecommunications

What makes globalization possible is the ever-increasing capacity for and efficiency of how people and things move and communicate. In years past, people across the globe did not have the ability to communicate and could not interact without difficulty. Nowadays, a phone, instant message, fax, or video conference call can easily be used to connect people throughout the world. Additionally, anyone with the funds can book a plane flight and show up halfway across the world in a matter of hours. In short, the "friction of distance" is lessened, and the world begins to metaphorically shrink.

Movement of People and Capital

A general increase in awareness, opportunity, and transportation technology has allowed for people to move about the world in search of a new home, a new job, or to flee a place of danger. Most migration takes place within or between developing countries, possibly because of lower standards of living and lower wages push individuals to places with a greater chance for economic success.

Additionally, capital (money) is being moved globally with the ease of electronic transference and a rise in perceived investment opportunities. Developing countries are a popular place for investors to place their capital because of the enormous room for growth.

Diffusion of Knowledge

The word 'diffusion' simply means to spread out, and that is exactly what any new found knowledge does. When a new invention or way of doing something pops up, it does not stay secret for long. A good example of this is the appearance of automotive farming machines in Southeast Asia, an area long home to manual agricultural labor.

Non-Governmental Organizations (NGOs) and Multinational Corporations

As global awareness of certain issues has risen, so too has the number of organizations that aim to deal with them. So-called non-governmental organizations bring together people unaffiliated with the government and can be nationally or globally focused. Many international NGOs deal with issues that do not pay attention to borders (such as global climate change, energy use, or child labor regulations). Examples of NGOs include Amnesty International or Doctors Without Borders.

As countries are connected to the rest of the world (through increased communication and transportation) they immediately form what a business would call a market.

What this means is that a particular population represents more people to buy a particular product or service. As more and more markets are opening up, business people from around the globe are coming together to form multinational corporations in order to access these new markets. Another reason that businesses are going global is that some jobs can be done by foreign workers at a much cheaper cost than domestic workers. This is referred to as outsourcing.

At its core globalization is an easing of borders, making them less important as countries become dependent on each other to thrive. Some scholars claim that governments are becoming less influential in the face of an increasingly economic world. Others contest this, insisting that governments are becoming more important because of the need for regulation and order in such a complex world system.

Is Globalization a Good Thing?

There is a heated debate about the true effects of globalization and if it really is such a good thing. Good or bad, though, there isn't much argument as to whether or not it is happening. Let's look at the positives and negatives of globalization, and you can decide for yourself whether or not it is the best thing for our world.

Positive Aspects of Globalization

As more money is poured into developing countries, there is a greater chance for the people in those countries to economically succeed and increase their standard of living.

Global competition encourages creativity and innovation and keeps prices for commodities/services in check.

Developing countries are able to reap the benefits of current technology without undergoing many of the growing pains associated with the development of these technologies.

Governments are able to better work together towards common goals now that there is an advantage in cooperation, an improved ability to interact and coordinate, and a global awareness of issues.

There is a greater access to foreign culture in the form of movies, music, food, clothing, and more. In short, the world has more choices.

Negative Aspects of Globalization

Outsourcing, while it provides jobs to a population in one country, takes away those jobs from another country, leaving many without opportunities.

Although different cultures from around the world are able to interact, they begin to meld, and the contours and individuality of each begin to fade.

There may be a greater chance of disease spreading worldwide, as well as invasive species that could prove devastating in non-native ecosystems.

There is little international regulation, an unfortunate fact that could have dire consequences for the safety of people and the environment.

Large Western-driven organizations such as the International Monetary Fund and the World Bank make it easy for a developing country to obtain a loan. However, a Western focus is often applied to a non-Western situation, resulting in failed progress.

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What Are the Positives and Negatives of Globalization?

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If you look at the tag on your shirt, chances are you would see that it was made in a country other than the one in which you sit right now. What's more, before it reached your wardrobe, this shirt could have very well been made with Chinese cotton sewed by Thai hands, shipped across the Pacific on a French freighter crewed by Spaniards to a Los Angeles harbor.

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In this article, they mainly talk about how globalization is good for consumers and our country. This article starts by staying that global trade has made more wealth than ever before. Globalization also give us the power for richer countries to afford things at a much lower cost. The article goes on to say that, sometimes they go up in the market. Firms often look for higher added quality products that face less competition from unskilled work. All of this will create a positive affect on the firms by having cheap ways to exchange goods across the world. Also mentioned in the article, poorer countries get the chance to sell goods. Selling goods will have them bring in more profit.

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There is talk of food miles, of buying locally, and of self-sufficiency, as if these were virtues. The good thing (my number nine) is globalization which gives us all access to each other's special skills and products.
9. Globalization
Over the course of decades globalization is turning the world into an integrated economy instead of what it has been for most of its history, a series of relatively isolated economies. The more trading that takes place, the more wealth is created, and global trade across international frontiers has created more wealth than ever before in human history, and had helped lift more people out of mere subsistence than ever before.

To poorer countries globalization brings the chance to sell their relatively low cost labour onto world markets. It brings the investment that creates jobs, and although those jobs pay less than their counterparts in rich economies, they represent a step up for people in recipient countries because they usually pay more than do the more traditional jobs available there.

To people in richer countries globalization brings lower cost goods from abroad, which leaves them with spending power to spare and a higher standard of living. It also brings opportunities for productive investment in high growth industries in developing countries.

Those adversely affected by the global exchanges are the people in rich countries whose output is now undercut by the cheaper alternatives from abroad. They often need to find new jobs or to be retrained to do work that adds higher value. The extra wealth generated by globalization has brought an increase in service sector employment, which provides many of the new jobs needed.

Competition from abroad forces firms to become more efficient and to use resources more efficiently. Often they choose to go upmarket, seeking higher added value products that face less competition from relatively unskilled labour. Thus firms which once sold cheap textiles move into fashion and design, and find customers among the rising middle classes in developing countries.

The integration of the world economy has brought with it an interdependence. As countries co-operate in trade with each other, they get to know each other and grow into the habit of resolving disputes by negotiation and agreement instead of by armed conflict. The 19th Century French economist Frederic Bastiat expressed this pithily: "Where goods do not cross frontiers, armies will."

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There is talk of food miles, of buying locally, and of self-sufficiency, as if these were virtues. The good thing (my number nine) is globalization which gives us all access to each other's special skills and products. 9. Globalization Over the course of decades globalization is turning the

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In this video, she explains how globalization is bad for us. She first goes over how people from our countries loose their jobs because people in other countries take them due to trade. After that she goes into how most cultures will be lost due to integration. This means all cultures will be combined together, but rarely noticed. The next thing she mentioned was how creation of goods will effect our air due to pollution. The last thing she mentions is more food will lead to more people and people lead to energy which means we might run out.

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In this video, he explains why globalization can help us. His first reason was that globalization helps develop countries. Developing Countries means if a product is sold from one country it has a high chance of becoming popular all around that country and makes the country's economy and living good. His second reason was, that products are more affordable. Which means more than one price of a product to pick from. Lastly, he said that globalization creates competition. You may look at it like it's a bad thing, but this way consumers get more options and more prices to choose from. This video shows that Globalization has benefits in our life.

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DaniellPedia student Jalen makes the case that Globalization is good for the world.

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These sources argue that globalization has made the world worse.

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These sources argue that globalization has made the world better.