Globalization vs Anti-Globalisation

In: Business and Management

Words 2105
Pages 9
Assignment -1
Global Business Environment
Topic: Pro-Globalist Vs Anti-Globalist
Pro-globalist vs. Anti-globalist, the seventh Secretary-General of the United Nations, addressed the force of globalization in his quote, “It has been said that arguing against globalization is like arguing against the laws of gravity. What is Globalization? It is the integration of the world, technologically, economically and politically, wherein the barriers between the national borders are removed to facilitate the flow of goods, capital, services, labour. Global production has created global markets which offer extraordinary growth for organizations in terms of growth & profits. It has led to sharing of ideas & technology, which further leads to innovation and technological progress. However, it is also blamed for increasing the gap between rich and poor, destruction of the environment, and threatening human rights. In the last three years, the anti-globalization movement has staged protests at meetings of the World Trade Organization, the European Union, the World Bank, the International Monetary Fund, the World Economic Forum, and the G-8. Globalization is a powerful real aspect of the new world system, and it represents one of the most influential forces in determining the future course of the planet. Globalization has many dimensions: economic, political, social, cultural, environmental, security, and others. Different people have different interpretations on Globalization. Due to these different interpretations, there are very different reactions, some consider it as a danger to the world economic system, this group of people is referred to as Anti-globalists & others consider it as advancement to the world economy, referred to as Pro-globalists. It is an ongoing process by which regional economies, societies, and cultures have become integrated through a...