What do the supporters of globalization celebrate? With regard to consumerism, immigration, and nutrition, which side-supporters or opponents-do you find persuasive? Why?
1. What do the supporters of globalization celebrate?
A discussion of globalization triggers passionate responses. Supporters of globalization use several arguments of celebration. Globalization:
0 increases economic prosperity as well as opportunity, especially among developing nations, (e.g. consumerism, immigration)
0 enhances civil liberties and
0 leads to a more efficient allocation of resources (Jeffrey, 2005).
For example, these proponents usually adhere to economic theories of comparative advantage that argue that free trade leads to a more efficient allocation of resources, with all countries involved in the trade benefiting. In general, this leads to lower prices, more employment, higher output and a higher standard of living for those in developing countries (Jeffrey, 2005).
(Also see World Bank, Poverty Rates, 1981 - 2002" http://siteresources.worldbank.org/DATASTATISTICS/Resources/table2-7.pdf).
EXTRA INFORMATION: Opponents views
Opponents argue that globalization homogenizes the world that drives wages and prices to a minimum; loss of jobs due to outsourcing to developing countries who produce items cheaper and with cheaper labor; that economic interests are put ahead of human rights and political progress (Merk, 2005, as cited in http://www.atimes.com/atimes/Global_Economy/GK12Dj01.html), and that trade has negative impact on the environment, such as air and water pollution . The evidence on the latter point is mixed. Sone research report little evidence that openness increases air pollution, holding other things (such as income) constant and the authors concluded that income, trade, and environmental quality are determined simultaneously (Frankel & Rose, 2004, available on-line at ...
This solution discusses and debates from both sides: What do the supporters of globalization celebrate? With regard to consumerism, immigration, and nutrition, which side-supporters or opponents-do you find persuasive? Why?