Running head: Globalization: Good or Bad? Globalization: Good or Bad?
The purpose of this paper is to analyze the criticisms of globalization by comparing and contrasting the positive and negative effects as they pertain to both pro-globalization and anti-globalization. Focusing on the related effects of current developments of information technology, outsourcing for developed countries and its positive effect; contrasting with the inequities and exploitation of developing countries in the process.
Globalization: Good or Bad?
Globalization has been defined with numerous and widely differing meanings dating back to 1870 as "economic integration through trade, migration, capital flows and communication" (Mann, 2005). Considering current impact, globalization indicates the social process, highly influenced by technological development, increasingly rapid means of transport and the "information revolution", which has created a truly worldwide web of spatial connections and functional interdependence (Defining Globalization). With such immense impact on the world economy, globalization has many defenders and dissenter about the overall good or bad it provides.
The true effects of Globalization are the development of new information and technology, increasing global competition, economic prosperity for developing countries, labor and outsourcing along with exploitation and inequities shared with developing countries, via labor, environmental, and politically factors. Thomas Friedman states in his book The Lexus and the Olive Tree that" Globalization can be incredibly empowering and coercive and can democratize opportunity and democratize panic. It makes whales bigger and minnows stronger. It leaves you behind faster and faster, and catches up to you faster and faster". This statement has been proven prevalent as the effects of globalization have increase many nation through access to information, ease of communication and trade over the past two decade and in turn has left behind many developing countries behind even faster.
The changes of globalizations intertwine a complex position making it...