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With Globalization, some countries may have a hard time competing with foreign businesses. This could send the economy in the country down, and overall harm domestic businesses. Also, if the country we are trading with has no child labor laws, and uses children to do their work, we're just as bad for buying those products. We are enabling those countries. Many people also worry that small countries will lose some of their culture do to other cultures integrating.

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Historically, globalization has been considered both a great opportunity and a threat. Globalization is a multifaceted phenomenon which entails several economic, cultural, and political pros and cons. Discover here the implications and arguments for and against globalization. Debate based on the Module "Do Nations Matter on a Global World?" from the LSE100 Course (The London School of Economics and Political Science)
Brief history of globalization

Globalization is a process of growing exchange, interaction and integration between people, governments and private organizations across the globe. International trade, capital flows, migration, technological transfer and cultural exchanges are some of the typical manifestations of this process. The encounters and relationships between ancient civilizations and the colonization processes initiated during the Age of Discoveries were archaic and early-modern forms of globalization. During the 19th century technological progress and the Industrial Revolution catalyzed globalization. The political and economic international agreements after the Second World War accelerated this process even further. However, this term really became paramount in the academic literature and media after the fall of the Iron Curtain and the Soviet Union which enabled a much more fluid communications, exchanges of goods and services and migration.

For years globalization was equated with progress and economic growth and generally supported. However, in the last few years an increasing number of voices have started to criticize this phenomenon and point at several flaws and dangers associated with it. The anti-globalization movement has grown. Not only left-wing anti-capitalists oppose globalization, but conservative nationalists have recently emerged as a strong force against it. To what extent is globalization to blame for problems such as national unemployment, inequality, terrorism and cultural homogenization?

Globalization pros and cons

Globalization is such a complex phenomenon that here we are going to dissect its pros and cons across three different dimensions or angles: economic, cultural and political

Economic globalization

Economic globalization echoes the views of neoliberal and neoclassicist thinkers in which states lose prominence and the world becomes a single global market of individual consumers. These consumers are characterized by their material and economic self-interest - rather than cultural, civic or other forms of identity. The expansion and dominance of global companies and brands is another key feature. These corporations contribute to deepen global interconnectedness not only by uniformly shaping consumption patterns across societies, but by binding economies together through complex supply chains, trade networks, flows of capital and manpower.
Pros of economic globalization: Cons of economic globalization:
Cultural globalization

It refers to the process of transmission of values, ideas, cultural and artistic expressions. In the era of the Internet and fast communications people can interact more easily with each other. Multiculturalism and cosmopolitanism are to some extent manifestations of cultural globalization. Communities are less insulated than ever in history, even those who cannot travel can have today a good understanding of other cultures and meet virtually people from other parts of the world. People change their views and lifestyle influenced by global cultural and consumption trends.
Pros of cultural globalization: Cons of cultural globalization:
Political globalization

The political dimension is a newer feature of the globalization debate, as over the last 30 years there has been a rise in the influence and power of international and regional institutions such as the European Union (EU), Organization for Economic Cooperation and Development (OECD), the United Nations (UN), the World Trade Organization (WTO), MERCOSUR in South America, and the Association for Southeast Asian Nations (ASEAN). These international and supranational actors increasingly shape domestic politics.
Pros of political globalization:

Access to international aid and financial support

It contributes to world peace. It reduces risk of invasions, more checks on big powers and limitationn on nationalism

International organizations are often committed to spread values like freedom and to fight abuses within countries

Smaller countries can work together and gain more influence internationally

Governments can learn from each other

Cons of political globalization:
To summarize, no matter from which angle we look at globalization, whether economic, cultural or political, both the opportunities and drawbacks are numerous.
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After assessing its pros and cons, do you think globalization overall good for our societies? Vote and tell us which aspects or dimensions do you consider the most beneficial or dangerous for us. Invite anyone concerned with globalization and its impact to join our public discussion

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Globalization pros and cons: economic, cultural, political

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Economic, cultural, and political pros and cons of globalization. History of globalization. Discover implications and arguments in favor and against it.

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In this article, it states that Globalization gives much more opportunity to skilled workers. Many people don't think about the employee aspect of Globalization. Globalization allows these workers to move with their company to other countries, and possibly even get paid more. The article also talks about how Globalization lets us learn and live with other countries. This world needs to be as united as possible, because we're all we got. With Globalization, we can share cultures, and learn with one another, instead of being apart.

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Although the term globalization has just been widely used within the last twenty years, the trend has been present centuries ago with the discoveries of explorers and the emergence of trade among nations. However, with the evolution of technology, it has gained popularity on a larger scale. Economists explain that globalization is a process that made it possible for nations to interconnect and generate world-wide links and activities with other countries.

This transformation, however, is said to have brought with it, advantages and disadvantages. And while it has brought benefits, critics are saying otherwise. Amid the contentions surrounding globalization, it is best to have a better knowledge of its effects on the aspects of economy, culture and politics:

List of Pros of Globalization

1. It promotes economic growth.
Proponents of globalization see this development as a way for countries from disparate parts of the world to come together and exchange goods and services, thus, opening doors to trade and commerce. Investors, particularly from developed countries, can now operate their businesses in developing countries and in return offer employment to hire employees from foreign countries. In establishing their businesses in other countries, they can take advantage of lower taxes and cheap services and labor. On the other hand, more jobs are generated in the countries they invest in, which mitigate the problem of unemployment. Moreover, with the continuing popularity of business process outsourcing, companies from different business sectors can now hire employees overseas without having to pay by the hour and at a much lower cost.

2. More countries can enjoy the benefits of free trade.
With globalization, there is also the emergence of free trade which allows member nations to purchase and offer their products without regulation from the government. Manufacturers can expand their market base and export their products to more countries. Consequently, increase in sales and profits. With a diversified market, producers can specialize in products they have plenty of resources for. Consumers, on the other hand, can access more goods at lower prices and at the same time have a plethora of choices when it comes to the products they need.

3. Skilled workers can now work overseas and earn more money and earn their countries revenues.
With more jobs available in other parts of the world for skilled workers, there is free movement of labor that allows migrant workers to get higher wages they will not usually earn in their own countries while their governments earn revenues. Host countries also benefit from this since foreign workers can fill the gaps in the local labor market such as health care and domestic services.

4. Countries merge to promote global politics.
Supporters of globalization see this as beneficial to countries which have the same goals in protecting their interests. For decades now, there is the convergence among different nations through international organizations such as the United Nations (UN), European Union (EU) and the Association of Southeast Asian Nations (ASEAN), to name a few. Nations which are members of these organizations work together and give each other support to solve global concerns and promote world peace. Also, smaller and poorer countries are assured help in times of calamities and conflicts with other countries.

5. It gives opportunities to countries to learn and experience other cultures.
Globalization and technology come hand in hand. With the evolution of the internet, language and cultural barriers are crossed. As countries become more open to other cultures, ideas and traditions, people are motivated to embrace biodiversity. And with nations ready to let in foreigners either for work or tourism, people can learn to respect and embrace other cultures more. Cultural globalization bridges the gap among nations and people.

List of Cons of Globalization

1. Globalization can lead to abuse of foreign employers to their workers and tax evasion.
Although this transformation allows businessmen to invest in other countries for lower operating costs, opponents of globalization sees this as a means for abusive foreign employers in order to take advantage of their employees. There are employers who are not offering healthy working environment but are demanding long hours of work. There is also the problem of child labor with many children from poor countries being forced to work in sweat shops. Another drawback raised is the practice of some investors opening companies offshore to avoid paying higher taxes which results to loss of revenue for the government.

2. It can result to labor drain and loss of job opportunities to local employees.
With opportunities to work overseas, skilled workers and professionals like doctors and nurses from developing nations are enticed to leave their own countries to seek for greener pastures. The end result, poor countries lose a large number of professionals who could have been of service to their own countries. Also, workers of the countries that employ foreign workers fear losing their jobs over foreign employees willing to accept lower wages. De-industrialization results since middle class employees are forced to accept a cut from their pay just so they can retain their jobs. At the end of the day, it appears that multinational companies and employers are the ones greatly benefiting from this.

3. Some countries are being used to empower rich countries.
Political globalization may have its pros but it also gives powerful countries to influence smaller countries to be allies and be used to increase their military powers and weaponry. If developed countries with military bases in other territories get into war with other nations, the smaller countries can be caught in between during conflicts and suffer death and destruction.

4. Globalization has adverse effects on the environment and leads to spread of diseases like HIV.
There are also discussions that with industrialization that comes with globalization, more wastes are produced and dumped in smaller countries with no regard for the environment. Toxic wastes are carried to some parts of the world and are harmful to the environment. Also, with more tourists coming from and going to countries where HIV and other communicable diseases are prevalent, health of more people are at risk.

Conclusion

Any development or change has its pros and cons. Globalization is not an exception. Indeed, it has opened doors to different countries and affected nations economically, culturally and politically. It is also something that cannot be stopped. The ideal action to take is to make use of its advantages and minimize its repercussions. Leaders should be on top of the situation and the people of the world could only hope it brings more good than bad.

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Although the term globalization has just been widely used within the last twenty years, the trend has been present centuries ago with the discoveries of explorers and the emergence of trade among nations. However, with the evolution of technology, it has gained popularity on a larger scale.

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This graphic makes a few good points about the cons of Globalization. Increasing Globalization means decreasing wages. Companies moving in to new countries creates more competition, meaning they both companies have to lower their prices. This means that there isn't a lot of money left for workers, so they are either paid less or laid off. The graphic also says that Globalization impacts the environment. I think by this it means that more companies will have access to land, and will use that to their advantage. It could also mean that due to increasing competition, companies will have to use more land resources, tearing down the land in order to have what they need to make their product.

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In this graphic, it shows a few pros and cons of Globalization. Globalization keeps peace within the world. When countries are dependent on each other, they need to be peaceful as well, and get along. This is how peace remains within the world; we need each other, so we can't be constantly fighting. Smaller countries can also band together and create a bigger name for themselves, like countries in Europe did. Another point this graphic makes is how governments can learn from one another, such as new techniques, good policies, and maybe even how to make things for themselves, such as medicine.

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This article states that due to globalization, work conditions are decreasing. More companies are hiring prisoners and child workers since it isn't illegal in every country so that they can be more productive. America is also crowding out other countries' cultures from globalization. A few more cons discussed are the fact that more diseases such as HIV and AIDS are being transmitted, inequality throughout smaller countries has increased, and richer companies are able to do more with less of a liability, allowing them to do borderline illegal things, such as hiring prisoners and children, as stated before.

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Globalization is an economic tidal wave that is sweeping over the world. But before drawing any conclusions on how it affects the U.S. economy, consider some of the general pros and cons of globalization.

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In this article, they discuss the pros and cons of Globalization. A few pros are: free trade, the opportunities given to other countries, and labor can move more easily. Free trade can be a pro because it means that businesses can sell in any country they want without any tax. This means there are more opportunities for both businesses and consumers, because businesses can make more of a profit and consumers can have a more diverse selection of where they can go. Other nations have more opportunity because if a country doesn't have much oil (which is the example used in the article) they can trade with other countries that do. Everybody can have everything they need with Globalization. Something similar to this is that countries have more opportunity in labor. If one country is low in a certain necessary profession, such as a teacher or scientist, they can get these workers from other countries.

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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.