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Benefits of Globalization

This solution discusses what the supporters of globalization celebrate. With regard to consumerism, immigration, and nutrition, it also offers examples.

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As you examine what supporters of globalization celebrate with regard to consumerism, immigration, and nutrition, please allow some of these ideas to guide you. I personally support globalization and deem it as more persuasive.

Although it is difficult to pinpoint a solid, universal definition, I like the one from http://www.imf.org/external/np/speeches/2003/101603a.htm that says, "process of increasing international division of labor and the accompanying integration of national economies through trade in goods and services, cross-border corporate investments and financial flows. This integration is boosted by technological progress, in particular in transport and communications. Ideally, globalization is a win-win proposition, in which all economies ultimately benefit through productivity and growth effects."

First, supporters of globalization celebrate growth and a connection to the rest of the world. Please note that in terms of consumerism, it offers access to foreign capital, global markets, and new technology. A great example of this benefit involves China. Research shows that by taking part in globalization, China has been able "to fund modernization by selling its products on the world market" (http://www.radford.edu/~mthong/benefits_of_globalization.htm).

Economic research also produces strong implications to support globalization. Please notice that "Globalization might enable economies to access large markets, reach a greater diversity of product benefits from higher inflows of capital, and gain from technological progress" ...

Solution Summary

This posting offers benefits associated with globalization.