globalization

Globalization

Globalizationisthewaythatlocalornationalwaysofdoingthingsbecomeglobal,thatis,

outeconomicsortrade,technology,politics,

andculture.[1]Peoplefeeldifferentlyaboutglobalization:somethinkithelpveryone

whileothersthinkithurtssomepeople.

Definition

Itization

hasmanysidesandcanbeeconomic,politicaland/orcultural.

Economicglobalizationishowcountriesarecomingtogetherasonebigglobaleconomy[2],

ate20thcentury,manycountries

agreedtolowertariffs,

wayInternetandothercommunicationtechnologiesmakesiteasierforpeopletobuyand

s

saidthatthereisanimportantdifferencebetweeninternationalizationand

ationalizationisaboutnationsworkingtogetherforthesamegoals.

Thearethingsliketreaties,alliances,ization

isaboutmakingnationalborderslessimportantforthowhowanttobuyorllthings

aroundtheworld.

Politicalglobalizationishowmanyinstitutionsandcountriesnowinfluencethewhole

tedNationsareanexampleofglobalizationbecaumostcountriesofthe

ansthattheycanmakeothercountries

followtheirrulesbecauifacountrydoesn't,ansthat

unishthembynottalkingortradingwiththem.

Culturalglobalizationishowcultureisbecominghomogeneous,whichmeansthatpeople

mple,alotofpeoplearoundtheworld

wearT-shirtsandjeansandwatchHollywoodmovies.

Criticism

Somepeople,likeNoamChomsky,donotlikeglobalizationbecautheyfeelitonly

reoutsourcing,where

companieshireworkersincheapercountries,

Stiglitzsaidthatinternational

groupsliketheWorldBankandtheInternationalMonetaryFund(IMF)havemadeit

izationalsomeansthatproblemsfromother

mpletheGlobalFinancialCrisisof2008started

izationalsoleadsto

globalbrands,likeCoca-ColaandMcDonald's,takingoversmaller,localshopsand

business.

Manycountriesalsodislikeitwheninternationalorganizationstellthemwhattodo.

oplealsocriticizethefactthat

globalizationmeansthatfewerpeoplearedecidingwhathappenstoeveryonewhenthey

don'talwaysreprentthepeoplethey'reactingfor[3].

Somecriticsofglobalizationalsofeelthatitleadstoglobalbrands,

likeCoca-ColaandMcDonald's,takingoversmaller,

criticizethefactthatpowerfulcountrieshavebiggerinfluenceonworldculturethanothers.

Forexample,theUnitedStatesisthebiggestculturalexporter,whichmeansthat

r,thishurtslocal

udrillardbelievesthatglobalizationhurtslocalculturesandisthecau

believesthatmostsupportersofglobalizationjustwanttostay

inpower.[4]

Support

Others,likeThomasFriedman,believethatglobalizationcanbringpeopletogetherand

whosupport

globalizationalsobelievethatitmakeswarlesslikelybecauitisbadfor

business[5].FrancisFukuyamaalsoarguedthatglobalizationwouldeventuallyleadtoa

systemofworldgovernancewhichwouldcauwarstoend[6].

Manybelievethatglobalizationhelpsoutpoorernationsbybringingthembusiness.A

reportbytheWorldBanksaidthatpovertyinIndiaandIndonesiawascutinhalfbecau

ortalsosaidthatpeopleinpoorernationsarelivinglongerand

betterbecautheyweremakingmoremoney.[7]