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Essay / Globalization: two sides of the arguments for and against
In recent decades, globalization, defined as “the process by which markets become integrated on a global scale” by Spence, Michael (2011), is has become one of the most widely debated phenomena around the world. This is mainly due to the effects it has on areas such as economics, politics, etc. However, while globalization brings many benefits to the world, it also has many disadvantages. In this essay, I will examine two sides of the arguments for and against this concept. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay On the one hand, globalization can be seen as positive for commercial, political, and social reasons. From a market-centric perspective, since it is an undeniable truth that the convergence of countries around the world has led to significant technological development; communications, transport and travel have been proletarianized (Aliber and Click, 1993). This allows people around the world to access a large number of standardized products on a large scale, meaning that everyone can buy the same products anywhere in the world with little or no difference in price. Therefore, as companies now face demand not only from local but also international customers, they benefit from "a new reality: enormous economies of scale in production, distribution, marketing and management” (Aliber and Click, 1993). . This reduces operating costs and thus helps businesses earn more profits. Regarding the effects of globalization on politics, it could be argued that it can bring about international peace and enhanced security. According to Karl W. Deutsch and his associates, "trade and other forms of intercultural exchange would help to foster the development of globalization." a “sense of community”, which makes resorting to violent forms of conflict resolution increasingly unlikely” (Deutsch et al., 1957, Barbieri and Scheneider, 1999). Furthermore, it can also be argued that countries are now more interdependent on each other, which creates more chances that they will avoid conflict and intensify their efforts to ensure their mutual security in the event of an armed conflict against a country. For example, Russia offered to support Syria in the fight against ISIS, and this happened thanks to the strong ties developed over a history of trade relations between these two countries, particularly Russia being one of Syria's largest arms suppliers. Yan, 2013). At the individual level, the primary benefit people gain from globalization is improved living standards. As this phenomenon allows companies to become multinational, more jobs are created, as these companies bring jobs globally to find talent, thus leading to increased employment rates in host countries . This is particularly beneficial for the living standards of people in developing countries as well as their economies as a whole, as they can gradually move away from poverty. Additionally, technological development from globalization also serves to connect different people across the world. An example of this is the growing popularity of social media platforms such as Facebook, Twitter, etc. In the past, it took days or even months for a person from one country to reach another through written letters. However, people can easily take the help of social media sites.