Scribd
Upload
39 views3 pages

Think Piece About Globalization

Globalization refers to the increasing interconnectedness and interdependence of nations through trade, investment, technology and cultural exchange. It allows for the flow of goods, services, capital, ideas and cultures across national borders. While globalization can increase economic growth through new markets and specialization, it also risks worsening inequality and compromising labor and environmental laws as companies seek to cut costs. Ultimately, whether globalization benefits a society depends on factors like its economic structure, social policies, and ability to mitigate potential negatives. The document argues that globalization can be beneficial if policies focus on promoting the common good and ensuring workers' rights are protected as production and trade continue globally.

Uploaded by

Gweneth Encela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
39 views3 pages

Think Piece About Globalization

Globalization refers to the increasing interconnectedness and interdependence of nations through trade, investment, technology and cultural exchange. It allows for the flow of goods, services, capital, ideas and cultures across national borders. While globalization can increase economic growth through new markets and specialization, it also risks worsening inequality and compromising labor and environmental laws as companies seek to cut costs. Ultimately, whether globalization benefits a society depends on factors like its economic structure, social policies, and ability to mitigate potential negatives. The document argues that globalization can be beneficial if policies focus on promoting the common good and ensuring workers' rights are protected as production and trade continue globally.

Uploaded by

Gweneth Encela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

COLLEGE OF ARCHITECTURE AND BUILT ENVIRONMENT

GWENETH E. ENCELA JUNE 24, 2023


BS- ARCHITECTURE 2-2

Think Piece No. 1

What is globalization and how does it occur? Do you think globalization is beneficial to
your society?
Globalization refers to the rising interconnection and interdependence of nations and
people all over the world, which is largely driven by technological, communication, and
transportation improvements. It entails the flow of commodities, services, information, ideas, and
cultures across national boundaries, leading to the global integration of economies and society.

A variety of mechanisms, including trade, investment, technology, financial integration,


and cultural exchange, contribute to globalization. Wherein, trade has made it easier for
commodities and services to move across national boundaries via the broadening of trade policy,
the lowering of tariffs, and the creation of international organizations like the World Trade
Organization (WTO). Another is Investment, as businesses set up operations in several nations in
search of resources, markets, and cost advantages, the expansion of multinational corporations
(MNCs) has increased foreign direct investment (FDI). Moreover, in the field of technology, the
costs and barriers connected with international exchanges have considerably decreased because of
technological advancements in communication, transportation, and information technology. For
instance, the internet makes it possible to communicate instantly and share information with
everyone around the globe. Furthermore, financial integration is the spread of financial services
across international borders thanks to the free flow of currency made possible by the integration
of the world's financial markets. Lastly, is the Cultural Exchange where international travel,
migration, the spread of news and entertainment media, and migration have all contributed to the
globalization of ideas, values, and cultural practices.

However, the effects of globalization are up for discussion. It has benefits as well as adverse
impacts, and the advantages or negatives might vary across different social groups. Economic
growth, access to goods and services, job creation, and the transfer of knowledge and technology
are some arguments in support of globalization. By promoting innovation, opening up new
markets, and enabling nations to focus on their comparative advantages, globalization has helped
increase economic growth. Also, with the availability of a wide range of products and services at
affordable rates brought about by globalization, consumers' quality of life has frequently increased.
In addition, globalization has made employment opportunities possible in multinational firms'
international affiliates and export-oriented industries. Certainly, the exchange of knowledge, skills,
and technology is made easier by globalization, which may develop many different disciplines and
help societies.

On the other aspect, those who oppose it express concerns about matters involving
inequality, exploitation, cultural homogenization, and dependency. This is due to the difficulties
certain groups or areas may face in terms of adjusting to the changes and competition caused by
global integration. Globalization can worsen income and wealth disparities, both within and across
nations. Furthermore, in certain nations, labor and environmental laws may be compromised as
multinational firms look to cut costs and increase profits. With this being said, it is safe to say that
there is also a direct link between globalization and capitalism. This is due to the fact that the
framework of globalization is capitalistic in nature since it is inclined to serve as a connector
between industries, to kickstart free trade. At some point, globalization can also be an instrument
for already powerful people to elevate themselves further at the expense of the welfare of those
belonging to the ordinary classes. As previously mentioned, labor and environmental laws are
compromised, which leads to another problem; which is the neglect of the workers’ rights since
corporate giants are hell-bent on cutting the costs on their end while still producing more goods
and services. Since the trade industry has been freer today through globalization, privately owned
institutions flourish even more. Aside from this, countries that rejected capitalism before are
compelled to embrace this system because they seem to have no other choice but to take part in
the global economy today.

On the same grim side of globalization, there are also concerns that when local cultures
and traditions diminish as a result of globalization, there will be a loss of variety and cultural
identity. Some people also argue that the interconnectedness of the world today may also trigger
the spread of crises and their intensification globally, making nations more susceptible to economic
and financial disruptions.
In the end, perceptions of whether globalization is advantageous or damaging to a
community rely on several variables, including its economic structure, social policies, and the
degree to which it can reduce the possible negative implications. While globalization entails a
number of negative effects on the overall development of society, one cannot simply claim that it
is not beneficial given the previous advantages cited such as the rise of technology leading to
smoother economic flow, exchange of ideas between nations, and overall, its ability to bridge the
gap between communities with different cultures. Globalization leaves a bigger room for
collaboration between countries, which is vital in ensuring harmony between individuals amidst
diversity. Therefore, globalization is indeed beneficial to society, and it will only improve the world
today if it is utilized to further promote the common good. This can be done if national and global
policies on trade and production are focused on by policymakers of every state partaking in
globalization. In this way, goods, labor, and services will continue production while also
guaranteeing that the working class is well-protected. After all, globalization’s potential to put the
world in a more devastating state is just as high as its power to change society for the better.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy