1、 A particular advantage of globalization is the opportunity of free trade and the result on the global economy. However, the disadvantage is the destruction of local jobs, markets and forced movement of people. In order for globalization to continue in America, there must be a system to maintain the
2、 economy without causing the government and people to suffer. Recently, employees of Bosch Corporation experienced the effects of globalization when the company outsourced labor and resources to India. Thomas Friedman mentions in his essay, The Super Story, The world has become an increasingly inter
3、woven place, and today, whether you are a company or a country, your threats and opportunities increasingly derive from who you are connected to. Without globalization importing and exporting wouldnt be a concept. There would be little to no market, and therefore societys way of life to make the fin
4、est products available at the best prices would not be conceivable. Having a higher standard of life because of globalization, and travel has become common, whether its for business or pleasure. The disadvantages are easy to see by looking at occurrences that happen all over the world. Political dec
5、isions, weather catastrophes, wars, and many other things, no matter where they happen, seem to affect jobs, economy, and even gas prices. Where the labor market has not stabilized in America, unemployment rates are rising, and this is not particular to just America; the same conditions have been do
6、cumented in many countries, regardless of their development stage. Americans must be mindful of the shifting environment. Due to the lack of jobs and increase of the cost of foreign goods,. The economies of the world are being increasingly integrated. Mobile phones and Internet have brought people c
7、loser. The world is becoming a smaller place. Goods, which were once confined to western countries, are available across the globe. Work can be outsourced to any part of the world that has an Internet connection. Because of improvements in traffic infrastructure one is able to reach ones destination
8、 in a relatively short span of time.The negative effects of globalizationOpponents of globalization point out to its negative effects. Some of them are listed below. Developed nations have outsourced manufacturing and white collar jobs. That means less jobs for their people. This has happened becaus
9、e manufacturing work is outsourced to developing nations like China where the cost of manufacturing goods and wages are lower. Programmers, editors, scientists and accountants have lost their jobs due to outsourcing to cheaper locations like India. Globalization has led to exploitation of labor. Pri
10、soners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods. Job insecurity. Earlier people had stable, permanent jobs. Now people live in constant dread of losing their jobs to competition. Increased job competition has led to reduction in w
11、ages and consequently lower standards of living. Terrorists have access to sophisticated weapons enhancing their ability to inflict damage. Terrorists use the Internet for communicating among themselves. Companies have set up industries causing pollution in countries with poor regulation of pollutio
12、n. Fast food chains like McDonalds and KFC are spreading in the developing world. People are consuming more junk food from these joints which has an adverse impact on their health. The benefits of globalization is not universal. The rich are getting richer and the poor are becoming poorer. Bad apect
13、s of foreign cultures are affecting the local cultures through TV and the Internet. Enemy nations can spread propaganda through the Internet. Deadly diseases like HIV/AIDS are being spread by travellers to the remotest corners of the globe. Local industries are being taken over by foreign multinatio
14、nals. The increase in prices has reduced the governments ability to sustain social welfare schemes in developed countries. There is increase in human trafficking. Multinatonal Companies and corporations which were previously restricted to commercial activities are increasingly influencing political
15、decisions. The positive aspect of globalizationGlobalization has a positive side as well. Supporters of globalization argue that it is good and beneficial. Some of their arguments are listed below. Globalization has created the concept of outsourcing. Work such as software development, customer support, marketing, accounting and insurance is outsourced to developing cou
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