The world since globalization
In 1492, researchers say that was the day when globalization began after Christopher Columbus found America. Shortly after, in 1498, the voyage of Vasco de Gamma disrupted the spice trade monopoly and led to a very high rate of globalization. It is argued that globalization significantly leads to the development of countries but at the same time makes the rich to be costlier and the poor to be weaker. According to this essay, globalization is a good thing despite the negative heard about it. Each move conducted contains a positive and a negative side, and if the positivity outweighs the latter, it is justified to follow on the greater good and consider going ahead.
Thanks to globalization, local producers can sell their products overseas very fast and efficiently as compared to selling to someone in the same country. It has made the economies to be integrated as opposed to the previous model, which comprised of isolated economies and was difficult to conduct business internationally. This integration of economies consequently leads to countries being richer thanks to more business hapenning among countries. However, according to researchers, globalization makes the wealthy individuals more productive and the poor more miserable, meaning that globalization is not quite ideal according to equality.
Generally, the world is getting richer since globalization leads to the development and advancement of technology to accommodate and attract other countries, and an excellent example of this is how advanced China has become after it opened up its borders for trading. More affluent countries will have access to lower-cost goods as a result of globalization and therefore have more to spend and afford a much higher living standard. As for the poorer countries, thanks to globalization, they can manage to sell their relatively low labor to the world market. This will enable individuals to secure jobs and help their families in third world countries.
According to the past relations between countries due to globalization, it can be understood that it is a tool that promotes international understanding meaning that many countries have come close to each other thanks to the businesses conducted between them. The downside to this is that globalization is bad for global cultures since most of the companies have cultures that belong to their origin country. McDonald’s, for instance, is a good illustration of unfavorable influence on global cultures. If it goes to native countries that have never heard of it, many individuals may be tempted to adapt to the cultures presented by McDonald’s and end up forgetting their roots.
Globalization poses a significant threat to cultural diversity, one of the major threats being multinational corporations, which have a substantial influence on consumers’ cultures and preferences. Also, globalization will most likely lead to the transmogrification of beliefs and traditional religions. As a result of globalization, there will be the disintegration of traditions, and cyber-culture will begin to take root as the new replacement for social norms and social fabrics.
In summary, globalization is a good thing and quite advantageous to the world in general. It is the reason why many countries are in such good relations. In addition to this, it is the reason for third world countries getting foreign employment. The rich countries also benefit from globalization through acquiring low-cost goods hence being able to live lavish. Losing social norms and our traditions is, therefore, a small price to pay for the development and technological advancement as a result of globalization.