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Globalization Essay

1272 words - 6 pages

GLOBALIZATION

Globalization is a series of social, economic, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress.
Globalization is not an overnight solution to all of the world's problems. In fact, technology is always evolving so globalization will always be evolving as well. Skeptics of globalization argue that it is ...view middle of the document...

” (Amartya, 2002). Amartya also says that the west influenced by the east and now the west is influencing the east by the enormous achievements. The culture and the achievements are exchanged in between countries. The problem is the poor countries are influenced culturally, economically and labour wise.

National Regulation:
National regulation is controlled by the governments to protect their economy and the labour. Oxfam GB notes that, countries specialized in producing luxury goods find that the demand for the products  grow in time and they get richer, however countries producing food and non-luxury goods find that the demand for their products remains stable and their income remains the stable. Herman says that the average rate of the developed countries from global trade such as, (U.S., Britain, France, Italy, Germany, Canada and Japan) has gone from 0.4 percent 1971-82, to 4.6 percent, 1983-94. “Even if the poor were to get just a little richer, this would not necessarily imply that the poor were getting a fair share of the potentially vast benefits of global economic interrelations” (Amartya, 2002). The developed countries control the global economy. Free trade is competition between nations and it’s risky. Countries can protect themselves from the effects of free trade by “making foreign goods more expensive by imposing taxes on them, which means consumers have to pay more for them” (Oxfam GB).
Another way of protecting the national economy and the producers from free trade is ‘quotas’, which can be explained as limiting on the number of imported goods (Oxfam GB). Oxfam International Organization gives an example of cotton farmers in USA. The farmers are protected by quota system and the US government makes sure that the farmers are receiving a stable income. Developed countries like USA can control their economy, but these controls are making the life harder in developing countries to sell their products globally and this creates inequality between the poor and the rich. The poor countries cannot protect their nation from these.
Finally, one of the many methods of governments is providing subsidies. Subsidies are sums of money given by governments to their producers” (Oxfam GB).The subsidies cut the cost of production, so can the producers sell their products cheaper than the imported foreign goods. Oxfam group notes that peanut butter is popular in USA and some countries produce it very cheaply, because of the climate and wages are low. “They could sell their peanuts to the USA, and then the peanut farmers in US might go out of business” (Oxfam GB). If developed industries supply subsidies to its own peanut butter producers, the other countries would have difficulty to retail their products. When we think of these issues, we can say that “all countries should be allowed to do this, however the trade rules are unfair” (Oxfam GB). Oxfam group also notes that some countries are forced to accept goods...

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