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With the rapid increase of globalization we have seen both supporters and opponents of this movement. Research their topics to discuss the pros and cons of globalization. Also, thoroughly discuss the impact that globalization has on the host countries, their economy, the way of life, etc.© BrainMass Inc. brainmass.com April 3, 2020, 4:21 pm ad1c9bdddf
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1. With the rapid increase of globalization we have seen both supporters and opponents of this movement. Research their topics to discuss the pros and cons of globalization. Also, thoroughly discuss the impact that globalization has on the host countries, their economy, the way of life, etc.
Disadvantages of Globalization -
The first article by McMillan (2001) discusses how the term globalization has been romanticized (e.g., global village), but yet has negative (cons) implications to consider. For example, McMillan (2001) argues that globalization, unfortunately, has not brought about by elementary school children writing to Internet pen-pals (as cozy as that sounds). The real agents of globalization are our friends the multinational corporations - the 'super-companies'. Globalization is nothing more than the product of the multinational corporation's search for profit. So, rather than being driven by positive things like a wish to bring the world closer together, globalization is driven by corporations seeking to maximize profits, and part of that search for profits involves the search for cheaper labor (con). In fact, McMillan points out that many companies move into less developed countries to take advantage of the lack of organization of labor there which allows these companies to pay below subsistence-level wages. So, according to McMillan, rather than making the world a more friendly place, globalization is leading to things such as "Export Processing Zones" - places (host country) where millions of people - mostly women - make products which are then shipped into the more developed countries and sold for a huge profit. These zones are integral to what globalization is and does. So, the next time someone talks about the global community, ask yourself if this is something we really want. http://elements.nb.ca/theme/globalization/emily/emily.htm In other words, the host countries loose the control over their own resources and economies and it has been argued that the multinational corporations exploit the host country, the people and the economy for profit in the name of globalization. And, as mentioned above, it leads to resource depletion, global environmental degradation (see more detail below) and problems such as air pollution, acid rain, and climate change (McMillan, 2001)
Unfortunately, companies are getting bigger and bigger leading to a monopoly, which is mostly a disadvantage for the host country. Certain companies come to dominate the landscape, region, sector of economy, industry or any combination. Some are so big they make more money than most countries. McMillan points out that:
? 51 of the top 100 economies in the world are Trans-National-Corporations (TNCs)
? 70 percent of global trade is controlled by just
? The 10 largest corporations' revenues are 801 billion,
more than the hundred smallest countries (McMillan, 2001)
Thus, the opponents of globalization are that globalization is capitalism at work. Globalization is the quest for cheaper labour. Companies do not relocate for balmier weather but for low wage zones, called export-processing zones. There are over 200 of these zones around the world, mostly in third world ...
With the rapid increase of globalization, there are been both supporters and opponents of this movement. This solution examines the pros and cons of globalization, and also thoroughly discusses the impact that globalization on the host countries, their economy, the way of life, etc.