The Pros and Cons of Globalization by Melanie Gasmen https://padlet.com/s_melanie_gasmen/globalization Melanie Gasmen en-us 2016-05-24 12:52:19 UTC 2023-05-15 15:07:28 UTC hello@padlet.com https://padlet-assets.storage.googleapis.com/portrait/earth.jpg Pros s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/112317423 These sources argue that globalization has made the world better.]]> 2016-05-24 12:56:03 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/112317423 Cons s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/112317480 These sources argue that globalization has made the world worse.]]> 2016-05-24 12:56:17 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/112317480 Globalization Benefits the Service Economy and Promotes Individualism s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089257 This video has touched on both sides of the argument; however, it has proven that globalization has been good for the world. Globalization has caused people to live better lives, and also played a role in population growth through time. Globalization has also played an important role in a service economy, offering jobs in sectors such as healthcare, entertainment, and education. Globalization proves that people do not need to center their occupation around agriculture or manufacturing. Globalization has also brought about a psychological change; specifically, the psychology concerning upper classes in the industrialized world. Globalization also brought the celebration of individualism into society. This individualism has grown more powerful over the years. The video also mentions that globalization has promoted democracy. Democracy has helped countries like Brazil and India out of poverty. Indirectly, globalization has affected the world significantly over time, specifically in a way that is beneficial to most.]]> 2016-05-30 21:30:54 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089257 Globalization Leads to Business Growth s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089333 This article, though it lists numerous pros and cons of globalization, focuses mainly on how businesses can improve from it. Globalization means more consumers, an obvious advantage for an industry. An increase in consumers will lead to cheaper production costs. Firms from developed countries can have a lower production cost because of trading with countries such as China, India, Brazil, or otherwise. Even smaller businesses in first-world countries can have cheaper production costs due to globalization. Also, because of more consumers, markets are more efficient. Market efficiency will lead to business expansion, which will then lead to more jobs being offered. This could result in an improved standard of living. Overall, globalization can influence several businesses to grow, thus making the economy grow in turn.]]> 2016-05-30 21:32:27 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089333 Globalization Can Leave Developing Countries Behind in Foreign Competition s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089558 This article discusses how globalization can be harmful to both developed and developing countries. Often in globalizing, countries that are still developing are left behind due to free trade and foreign competition. They do not have the goods and services to compete with stronger economies. However, not only could globalization negatively affect developing countries, but it could also affect countries that have already developed as well. Globalization influences skilled workers to move to other countries, where they can earn more income and live a better standard of living. This is known as a “labor drain,” which non-first-world countries may experience often.  Additionally, globalizing means large firms utilizing tax havens in order to avoid tax payment in the countries in which they collect profit. Because of this avoidance, the government has to increase taxes, harming consumers and the goods and services that they buy. ]]> 2016-05-30 21:37:09 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089558 Globalization Helps People Out of Poverty s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089589 This article briefly mentions how Quebec protesters are against proposing free trade, and how the Summit of the Americas organization believes otherwise. The article then goes on to say why globalization can help people out of poverty. Globalization and free trade offers a poor economy the chance to grow and be a part of the global economy. For example, in the 1990s, globalization has caused poor countries to grow annually at a 3.6% rate. Globalization strongly correlates with economic growth, which is why it has helped several countries out of poverty. To be more specific, globalizing has influenced improvement in markets, which led to an increase in national wealth. The article also mentioned that globalization has encouraged investment and trade, resulting in a more peaceful partnership between countries. 

Source:
Globalization Serves the World's Poor]]> 2016-05-30 21:37:37 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089589 Globalization Makes Economies Richer s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089639 This article discusses how globalization can affect first-world, developed economies, as well as encourage interdependence. In richer countries, globalization can result in lower imports. These low prices can bring stronger spending power in firms and consumers. This can result in a higher standard of living. Globalization can also open an economy to more investment opportunities. Globalization offers more jobs, especially in the service sector. Globalization also promotes foreign competition, forcing businesses to increase efficiency. Firms may even manufacture more expensive products in order to escape more competition. One of the greatest benefits from globalization is interdependence. Freer trade will lead to more peace. Peace between nations means that they are able to negotiate problems and agree to terms with each other rather than engage in war or armed conflict.]]> 2016-05-30 21:38:15 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089639 Globalization Increases Production s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089655 This article explains that globalization has helped production flourish in countries. Products such as food, electrical equipment, and vehicles increase due to growing consumer demand. An increase in demand results in an increase in business growth, which means even more production. This is a very healthy cycle to be in. Production also leads to higher revenue and more profits; eventually, an increase in employment occurs as well. Because of this economic growth, countries grow a larger middle class. This is good, because that typically means that a decent amount of the population has gotten out of poverty. Some significant countries that have exemplified this include Brazil and China. Because of this larger middle class, a country’s GDP could increase remarkably. 

]]> 2016-05-30 21:38:39 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089655 Globalization Destroys Businesses s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089704 In this article, the author explains how globalization can easily unbalance companies not only in one country, but globally. With the spread of free trade, firms will have to face unsteady and unpredictable demand for their products. This also means taking business opportunities and making choices will be difficult. A domestic business will have less of a harder time figuring out their next move. The increase of foreign competition may be good for consumers, but not as beneficial towards companies. More competition means more substitutes. Prices and profit collected may sway inappropriately. Companies will hardly have power, or perhaps have no power over their pricing. These factors could lead to the potential destruction of a business, possibly several.]]> 2016-05-30 21:39:35 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089704 Globalization Uses Up Finite Resources s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089721 Globalization can use up the limited amount of resources this world holds. In economics, scarcity is a very strong topic. Globalization has the potential to make the world even more scarce as it is. Resources remain finite; yet countries have no strong concern to this due to globalizing. For instance, China’s use of coal has increased rapidly, as well as India. Not only has the world used up more resources, but within this, pollution has been getting worse. There has been an increase in the world’s carbon dioxide emissions. Sometimes, actions are done to try and prevent this, but ironically encouraged more manufacturing and thus more emissions released. Because of the substantial amount of resources being used up, demand must increase, and so prices have to rise. Raised pricing can lead to an economic recession, meaning things such as job loss, increasing deficit, or business failure. ]]> 2016-05-30 21:39:59 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089721 Globalization Can Lead To A Monopolistic World s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089754 This article argues how globalization can lead to such strong power that society will live in a monopolistic world; specifically ruled by the United States. The author states that America has grown too powerful from globalizing, and could potentially dominate the global economy. A country underneath such power will have to deal with new world problems arising before older problems can be solved. Meanwhile, a world with several leaders would handle these situations much easier. Within the possibility that globalization can lead to a monopolistic world, one single power also cannot oversee every danger in the economy. Things such as drug trade, counterfeiting, and terrorism can slip by without such a strong notice. With multiple nations in charge, each could monitor separate dangers and prevent them before they occur. Lastly, one single power means that other opponents would try and overthrow that power, leading to violence instead of negotiation. Other countries would attempt to shift the single power away by using nuclear weaponry or counterfeit. Thus, if America were to become the supreme ruler of globalization, there would be major consequences.]]> 2016-05-30 21:40:43 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089754 Globalization Leads to Unemployment s_melanie_gasmen https://padlet.com/s_melanie_gasmen/globalization/wish/113089838 This article discusses how first world countries can experience manufacture loss, or increased unemployment. This also has to deal with foreign competition. Workers in a rich country - America, for instance - go through unfair job competition; they must compete with other workers in the world who work at a cheaper rate. This can lead to major job loss. It may even become so significant that industries will have to shut down too; statistics show that America has lost about  42,400 factories since 2001. Occupations in manufacturing has also gone down remarkably in the last decade or so. Because of the encouragement of globalization, richer industries have also moved their branches out of the U.S. for cheaper production costs. Due to these factors, the United States is gradually deindustrializing, which can continue to put people out of work and potentially lower the standard of living.

Source:
Why Globalization is Bad for America

]]> 2016-05-30 21:42:38 UTC https://padlet.com/s_melanie_gasmen/globalization/wish/113089838