...Mashell Chapeyama Uopeople What ways has globalization not worked Globalization has not worked in a number of ways. One reason is how the rules evolved due to globalization. Most of the rules favour developed countries. They leave the poorer countries worse off. Globalization has increased a lot of imbalances. For example instead of funds moving from richer countries to poorer ones the reverse is true. A lot of resources are moving from poor countries to richer ones. There has also been an imbalance on investment in technology. Technology advanced in rich countries. In poorer off countries technology has lagged behind, meaning that richer countries would benefit. Debts of poor countries are a sign that globalization has failed to work. Poor countries get short term loans. The rich countries peg the moneys in hard currency such as GBP or USA$. So when countries accrued interest payable, it is too big if translated into domestic currencies. This means that poor countries get poorer, yet richer countries become even richer. What are the principal causes? The real causes of such imbalances and problems are many. One problem is that of ideas promulgated by IMF and World Bank, through their policies. They give policies that are “one size fit all type.” This means that some countries cannot afford those measures. One underlying issue is that economic globalization has fast-paced political globalization. Economic globalization requires countries to integrate and be interdependent...
Words: 2968 - Pages: 12
...Globalization Argumentative Paper PHL/320 August 10th, 2015 Globalization Argumentative Paper The term globalization in view of business thoughts can be characterized as the procedure of reaching out to different parts of the world to build up an inexorably incorporated worldwide economy by using organized commerce, free stream of capital, and the tapping of less expensive outside work markets. Globalization can be useful for business in that it makes working in remote markets more productive. The term great can be characterized as having benefit, point of interest or advantage. In this way, globalization is useful for business in that it advantages the association by expanding benefit in other world markets. (1, Premise) By working on an open business, organizations can impart all the more productively and successfully with their clients and suppliers. This will permit organizations to better deal with their supplies, inventories, and their circulation systems. Organizations can now market and offer their items no sweat and on the same calendar as they would in their nation of origin. (1, Conclusion) Globalization permits organizations to improve business in outside nations by having the capacity to market and offer their items by utilizing facilitated commerce and the free stream of capital. (2, Premise) Another point of preference of globalizing a business is that we can outsource items to different nations to make. Creation of these items will be of comparable quality...
Words: 597 - Pages: 3
...Globalization Today we are connected to each other in many ways than ever before due to a lot of our technological advancements. Products and services are not only available in one place any more but rather now increasingly available in all parts of the world. Globalization has increased the strength of our economy and in others around the world. There are many benefits and advantages to globalization but not everything is perfect. A lot of issues have arisen on how it affects our economy so there are defiantly a lot of considerations on globalization. One of the most general complaints will be that it has made those who are wealthy even richer and those in poverty even poorer. It continues to be a great success for those business heads and stakeholders but has deprived the workers. These individuals can also be seen as a country as a whole where some countries are afraid of losing power so they make restrictions to their citizens so they can’t have access to the better things in life. True democracies can censor their citizens to come to an understanding that there is no better economy. Multinational corporations are another issue that has a negative effect on globalization due to corruption, bribery and theft. The US has many businesses that try to better these corporations by leading as an example of how business should really be done. Sometimes these practices have become a part of their everyday culture to where it can be seemed as a norm. This leads to great disregard...
Words: 610 - Pages: 3
...Has Globalization been a Positive or Negative Force? There has always been debate on whether “Globalization” is positive, negative for the economies of the world. Two articles put both of these ideas in perspective for me. The first article was found on respected internet research site buzzle.com, written in 2008 by esteemed author, Prabhakar Pilai entitled: “The negative effects of Globalization”. Education.gov posted an article entitled: “Globalization: Positive or Negative which discussed the positive aspects of Globalization and its relationship to the world economy. Pilai presented the negative side of the fight listing many highly emotional (pathos) arguments such as the exploitation of labor, citing low wages and relaxed safety standards as problems and pollution caused by countries that have lax pollution regulation standards. Education.com took the positive side of the fight using ethos, citing its positive aspects of such as new job and industry creation in developing countries. Obviously these are emotionally charged issues…on both sides of the argument. Even with all of the persuasive negative aspects cited by Pilai, Education.coms’ view by using convincing logos -- is that globalism, if given a chance, will eventually prove to be beneficial carrying many from a life to poverty to prosperity. Pilai begins by listing many the many negative aspects of globalism using both pathos and ethos such as: 1- Developing nations have outsourced manufacturing...
Words: 533 - Pages: 3
...The disadvantages of globalization 1. “The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. It is wonderful for managers and investors, but hell on workers and nature.”1 2. Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages and poor living and working conditions), as well as a lack of concern for the environment, mismanagement of natural resources, and ecological damage. 3. Multinational corporations which were previously restricted to commercial activities are increasingly influencing political decisions. Many think there is a threat of corporations ruling the world because they are gaining power due to globalization. 4. Opponents say globalization makes it easier for rich companies to act with less accountability. They also claim that countries’ individual cultures are becoming overpowered by Americanization. 5. Anti-globalists also claim that globalization is not working for the majority of the world. During the most recent period of rapid growth in global trade and investment, 1960 to 1998, inequality worsened both internationally and within countries. The UN Development Program reports that the richest 20 percent of the world's population consume 86 percent of the world's resources, while the poorest 80 percent consume just 14 percent. 6. Some experts think that globalization is also leading to the incursion of communicable diseases. Deadly diseases...
Words: 601 - Pages: 3
...Globalization essentially is the growth of an industry to a world wide scale. Globalization is seen in several varying ways. Many tend to believe that expanding the political, economic, and cultural spectrums of the world will essentially lead the masses in to an enlightened future. However, there are many counter arguments that portray globalization as a greedy power hungry mechanism used to exploit poor and undeveloped countries. The effects of globalization are both long term and lethal and should be counteracted immediately. Globalization is often seen as a way to expand cultural diversity. Over the years globalization has become a sort of window in to other cultures by exchanging languages, food, and other traditions. By expanding the cultural spectrum, Phillipe Legrain, declares, “It spreads diversity, strengthening all cultures…” (Globalization Benefits World Cultures 34). Movies, music, and art from other cultures are now present in other societies that would have otherwise been ignorant to such customs. Hollywood for example is a global industry with many foreign actors, directors, writers, and studios. On the downside however, many unhealthy cultural exchanges are taking place as well, for example food companies like McDonalds and KFC are leading the world into a new and obese era. (La Bella 53-65) Another, positive aspect of globalization is the amount of flowing capital into developing countries. Expanding foreign investments are in turn stimulating the economies...
Words: 1307 - Pages: 6
...Globalization can be defined as the global integration of different worldviews, economic outlook, cultural values, and in many cases vast exploitation of workers. Women of color and women of the Third World are highly subject to globalization and the exploitation it causes. Women in Asia are greatly affected by Globalization, both politically and economically. We see in many cases in Asia how this occurs such as, corporations’ exploitation of women, challenges for the women’s movement, and the issue of sex workers and foreign brides. With the issue of exploitation of workers in corporations it becomes clear that Globalization is a huge factor in the livelihood of women in these countries. The idea of work for women has changed, we are now seeing a shift of the type of work women are doing. Before “women’s work” entailed mainly work around the house or reproductive labor. Women are becoming a main part of the productive work force and are now a part of the formalized economy. We have seen a major shift in Malaysia where there has been a huge increase of women’s participation in the formal economy. Women have taken on manufacturing jobs, government jobs, and service jobs. Globalization and Global capitalism has encouraged industrialization in Malaysia and women have been forced out of their homes to move into the more urban areas where the Free Trade Zones are (Ariffin27). According to Ariffin, women made up about thirty-eight percent of the labor market in the 1990’s. Although...
Words: 1081 - Pages: 5
...Globalization Tonya Waters Issues in Behavioral Science David Ouellette May 18, 2014 Globalization is the process of erasing national boundaries for economic purposes in order to create one global economy. This process is driven by free trade and the mobility of capital in order to trade goods, human labor, natural resources and investments. Globalization increases competition, creates jobs and increases economic growth. There is much debate however regarding the implications of globalization. While some welcome the integration as an opportunity to grow economically, others view globalization as the disintegration of their culture and values. India and Cambodia are examples of cultures affected both positively and negatively by globalization. Cambodia has been experiencing rapid economic growth, largely supported by increased tourism and the exportation of farm products. Globalization has brought improved healthcare, education, nutrition and raised the standard of living for the Cambodian people. Life expectancy has increased and infant mortality has declined substantially. However, Cambodia’s strong economic growth is not without cost. The jungles of Cambodia are being destroyed for the purposes of planting industrial size agriculture crops. "The government of Cambodia has full control over what companies are permitted access to various land and fishing concessions in Cambodia. Many of the concessions are given without regard to how they will impact people's...
Words: 982 - Pages: 4
...Globalization essentially is the growth of an industry to a world wide scale. Globalization is seen in several varying ways. Many tend to believe that expanding the political, economic, and cultural spectrums of the world will essentially lead the masses in to an enlightened future. However, there are many counter arguments that portray globalization as a greedy power hungry mechanism used to exploit poor and undeveloped countries. The effects of globalization are both long term and lethal and should be counteracted immediately. Globalization is often seen as a way to expand cultural diversity. Over the years globalization has become a sort of window in to other cultures by exchanging languages, food, and other traditions. By expanding the cultural spectrum, Phillipe Legrain, declares, “It spreads diversity, strengthening all cultures…” (Globalization Benefits World Cultures 34). Movies, music, and art from other cultures are now present in other societies that would have otherwise been ignorant to such customs. Hollywood for example is a global industry with many foreign actors, directors, writers, and studios. On the downside however, many unhealthy cultural exchanges are taking place as well, for example food companies like McDonalds and KFC are leading the world into a new and obese era. (La Bella 53-65) Another, positive aspect of globalization is the amount of flowing capital into developing countries. Expanding foreign investments are in turn stimulating the economies...
Words: 1307 - Pages: 6
...Globalization and Child Labour Globalization is a topic that is very debatable; there are many advocates as well as opposition groups and globalization always carries with it the dilemma of whether it is good or bad for the all the countries taking part in this integration; regardless of this dilemma, globalization is happening right now and it is unstoppable, it has its benefits as well as its problems and one of the problems, although there is no empirical evidence, is that globalization raises child labour. Economic globalization unifies the economies of the world by reducing international trade barriers such as export fees, import quotas, tariffs through free trade agreements like NAFTA (North American Free Trade Agreement), as well as foreign investment, among others. However, this integration between developed and developing countries has increased the demand for labour in third world countries in sectors such as agriculture, food processing, textiles and this demand has increased the wages of their workers; which has prompted the need for cheap labour in other words child labour. In this paper I will examine the arguments on how globalization raises child labour as well as how globalization can actually be used to reduce child labour. Globalization can affect developing countries through the labour market by increasing trades, export sales, and foreign investment, all these factors have an impact on employment and salaries [2]; globalization increases the uneducated...
Words: 1880 - Pages: 8
...transactions to make the company's profitability appear temporarily poorer, or simply promote and report severely conservative estimates of future earnings. And this phenomenon of accounting scandal exist in contemporary society. The integrity of the accounting profession and the credibility of financial information provided by businesses have been undermined by scandals. Accounting and business education should pay more attention to the ethical to prevent accounting scandals. And they should not be focused on the teaching of accounting techniques. Neoliberal ideology is a political movement beginning in the 1960s that blends traditional liberal concerns for social justice with an emphasis on economic growth. And it is similar to globalization. Globalization includes three elements that are difficult decreasing, quick response to alterations, and multilateral trade liberalization. And accounting professional contains individual professional judgment and professional self-regulation. Globalisation brings many benefits but also a number of problems, for instance, low price labour used by multinationals that Increasing wages for highly-skilled workers and reducing wages for less-skilled workers obviously leads to greater inequality. Neoliberalism has also been unable to address growing levels of global inequality. In order to better focus on ethical education, accountants should consider ethical issues in various directions. And they should understand the requirements of students’ future...
Words: 3366 - Pages: 14
...Should We As Consumers Resist Globalization? Introduction: Globalization is a controversial process that involves interaction and integration among people, companies, and governments of different nations, and it is driven by international trade and investment and aided by information technology. It affects every aspect of a person’s life, and it affects each person in a different way and on a different level. It can affect and greatly impact such things as religion, language, environment, geographic location, education, health care, employment, food products, clothing, and even music. Benefits of Globalization: Globalization can prove beneficial for some. According to an article on manufacturing.net website, author Mike Collins cites the benefits of globalization as (1) it promotes global economic growth, creates jobs, makes businesses more competitive, and lowers prices for consumers ; (2) it affords poor countries the opportunity to develop economically through foreign capital investment and technology and to create a democracy that respects human rights; (3) it helps raise the global economy, but only when the involved powers to be maintain mutual trust and respect for one another; (4) it provides a world-wide market for companies and comsumers to access products from other countries; (5) it a world power where politics are emerging and decisions are being made that are actually beneficial for people all over the world; (6) it creates a greater influx of information...
Words: 1584 - Pages: 7
...Globalization Effects on Culture, Business Ethics, and Leadership: A Managerial View Introduction The world’s economy has developed and changed dramatically throughout the years and continues to do so. We are quickly moving away from a world where each country’s economy is isolated and more towards a world with an interdependent global economic system. This interdependent global economic system is commonly referred to as globalization (Saee 2005). The book written by John Saee, Managing Organizations in a Global Economy: An Intercultural Perspective, suggests that the growth of global trade, cross-border investments, mass migration, large-scale tourism, and much more has turned the world into more of a “global village” (Saee 2005). While globalization has effected nearly every aspect of human civilization, it has created some very serious concerns for managers whose organizations and firms already are or are planning to be involved in business transactions that take place outside of their domestic environment. If companies and corporations want to be successful in today’s economy, then it is important for managers to have a thorough knowledge and understanding of different types of cultures, business ethics, and ways of leadership, and the implications that these differences will have on their businesses. In this paper, we will discuss the effects that globalization has had on managers with respect to culture, business ethics, and leadership. Culture Globalization...
Words: 2915 - Pages: 12
...List of Contents 1. Background 3 2. Globalization Problems 4 3. Types of Globalization 5 3.1 Economical globalization 5 3.2 Political globalization 5 3.3 Social globalization 5 3.4 Cultural globalization 5 4. Pro or against globalization? 6 4.1 Advantages of globalization 6 4.2 Disadvantages of globalization 6 4.3 Institutes 6 5. Conclusion 7 6. Sources 7 1. Background Globalization is simply becoming world-wide or making it world-wide. It exists at a lot of places in different sizes. Globalization is to create a good world economy. This could be done by big multinational companies. The reason why I mention the multinationals is because of the influence that they (can) have on the economy worldwide. After all, the world trade plays the biggest part in it. However globalization and the free world trade don’t automatically mean that the well-being is divided all over the world. But where did it start? Who started it and why is it so important for the well being of the world? Well, the globalization existed during different levels/steps. People/companies with power from the past created our current globalize civilization. The first level was when the South conquered the North and applying economical structures. Consequences were the slavery. The second level was the colonization. The North plundered the South, recreated maps and set up one religion and forced their language to be the official language. The third level...
Words: 1905 - Pages: 8
...Brittany Proctor 3/8/15 SOC-100 Erin Schouten A Closer Look at Globalization Globalization is an expression with differing definitions; some say that it is an inescapable power that is dynamically uniting humankind, tearing down financial dividers as we interface more with different nations. Others utilize the statement to speak to a particular hypothesis that speaks to "westernization" of the world, determined by huge, self-intrigued organizations. Globalization is a general mix over the globe; this joining can be partitioned into financial, political, social, and past. Whether one needs to take a gander at it as another sensation or one that has existed for a considerable length of time, unavoidable or purposeful, great or awful, as people we are becoming more entwined with one another, even from over the world. Now and again, we have effectively searched out these associations, and at different times we have opposed these associations in light of the influences they have. What are these influences and what is all the civil argument over concerning globalization? There is much verbal confrontation existing about whether globalization ought to proceed down the way it has been on, whether it ought to change with the goal that the influences will be abated, or whether it ought to stop all together. Debating the issues of globalization is not the primary reason here, in spite of the fact that on occasion it will be important to present both sides of the contention that is...
Words: 2692 - Pages: 11
