Globalization is an economic, technological, social and cultural planetary scale process of increasing communication and interdependence among countries of the world uniting their markets, societies and cultures, through a series of social, economic change and policies that give them global perspective. Globalization is often identified as a dynamic process mainly caused by the societies living under democratic capitalism and liberal democracy, and have opened their doors to the information revolution, reaching a significant level of liberalization and democratization in political culture in its legal and economic national law, and international relations.
It is important to note that among the supporters of economic and social development, …show more content…
Economic theories of comparative advantage suggest that free market produces such effective allocation of resources that there is a greater benefit of all countries that are involved. In general, this leads to lower prices, more jobs, increased production and living standards especially for those who live in developing countries.
There are also so-called "globalist" or "World Cup", which propose a "democratic globalization". They believe that the first phase of globalization, market-oriented or economic, must be followed by a phase of building global political institutions representing the views and aspirations of the "world citizen". The difference with other "globalists" is that they do not define in advance an ideology to orient this will, leaving it to the will of those citizens through a democratic process.
Although some would argue, income inequality worldwide appears to be decreasing, as the economist Xavier Sala-i-Martin argued in 2007. Leaving aside who is right, it can be argued that the most important is the measure of everyone living in poverty, income inequality would be very low: absolute …show more content…
The major point in common with these criticisms is that equate globalization with imperialism and neocolonialism all oppose what they call market fundamentalism and accuse globalization of promoting consumer lifestyle and materialism. I am torn between accepting and rejecting globalization because just as it can be something amazing for society seeing all the positive aspect of it economically, socially and so on, as we can see where the trouble comes in with globalization is when you go around religion, in my biased opinion it is very sad to see how every human has turned from God and has created these sets of tradition which have become a series of religions that have divided the whole world, and trying to unify such different people would most probably cause
It is important to note that among the supporters of economic and social development, …show more content…
Economic theories of comparative advantage suggest that free market produces such effective allocation of resources that there is a greater benefit of all countries that are involved. In general, this leads to lower prices, more jobs, increased production and living standards especially for those who live in developing countries.
There are also so-called "globalist" or "World Cup", which propose a "democratic globalization". They believe that the first phase of globalization, market-oriented or economic, must be followed by a phase of building global political institutions representing the views and aspirations of the "world citizen". The difference with other "globalists" is that they do not define in advance an ideology to orient this will, leaving it to the will of those citizens through a democratic process.
Although some would argue, income inequality worldwide appears to be decreasing, as the economist Xavier Sala-i-Martin argued in 2007. Leaving aside who is right, it can be argued that the most important is the measure of everyone living in poverty, income inequality would be very low: absolute …show more content…
The major point in common with these criticisms is that equate globalization with imperialism and neocolonialism all oppose what they call market fundamentalism and accuse globalization of promoting consumer lifestyle and materialism. I am torn between accepting and rejecting globalization because just as it can be something amazing for society seeing all the positive aspect of it economically, socially and so on, as we can see where the trouble comes in with globalization is when you go around religion, in my biased opinion it is very sad to see how every human has turned from God and has created these sets of tradition which have become a series of religions that have divided the whole world, and trying to unify such different people would most probably cause