Globalization is not a new phenomenon that we are experiencing. It has taken place for thousands of years. People have always wanted to explore the world around them. Odysseus himself tells us that it is boring to stay in one place. (Tennyson) Hundreds of years ago people had to travel by boat or horse to get from place to place. Then they were introduced to trains, cars, and airplanes. Now humans can communicate with each other from anywhere in the world via technology. Our world is continuing to shrink, and we are becoming more and more connected with those around us. Inevitably this comes with pros and cons. Many forces threaten globalization, and there are many jobs at stake. What is globalization? It is the process of integration. A
…show more content…
Another example of the workings of globalization can be seen in consequences of Netscape going public. As it did so this gave way to the modern internet browser in which images and data could be stored on websites. This all-in essence lead to the major overinvestment of billions of dollars in fiber optic telecommunications cables. This connected most of the world overnight (Friedman). This undoubtedly helped the United States, but also helped many countries like India where there was hardly any infrastructure. Now India is in a great position to continue to grow and be connected to the rest of the world without having to leave the comfort of their homes. While Globalization has been around for years it has always been controversial. Many of the opponents to globalization claim that the creation of a free market that spans the world merely benefits Large corporations in the western world at the expense of the local economy and culture. Pablo Neruda is not slow to call out some of the problems that have happened with globalization and the companies that have caused them. He specifically mentions Coca-Cola, Anaconda, and Ford …show more content…
Anyone who has taken a beginner's economics course understands the immense benefits of free trade. This lets countries specialize to create economies of scale and to possess competitive advantages. Thus, being able to benefit immensely from trade by gaining more than they could have ever had before. Naturally, when there are more suppliers this increases competition which drives down prices for consumers. As we start to depend on one another this will bring us towards world peace. Free and open "Markets are enemies of parochialism, isolation, fractiousness, war."(Barber) If two countries both need each other to be able to survive, and if both countries make each other better off, there is little incentive to go to war with each other. As globalization has spread, technology and knowledge have spread like wildfire. This has been a great blessing to countries like India who struggled on their own. Now they are starting to catch up. They have undoubtedly benefited from this, but we have also been the benefactors on a number of occasions. For instance, as we approached the year 2000 there were large-scale computer bugs that needed to be fixed. Thankfully, because of globalization. We were able to hire thousands of Indian engineers to help fix the Y2K problem. (Friedman) Other than the obvious economic reasons for globalization there are others. Anyone who travels to
Another example of the workings of globalization can be seen in consequences of Netscape going public. As it did so this gave way to the modern internet browser in which images and data could be stored on websites. This all-in essence lead to the major overinvestment of billions of dollars in fiber optic telecommunications cables. This connected most of the world overnight (Friedman). This undoubtedly helped the United States, but also helped many countries like India where there was hardly any infrastructure. Now India is in a great position to continue to grow and be connected to the rest of the world without having to leave the comfort of their homes. While Globalization has been around for years it has always been controversial. Many of the opponents to globalization claim that the creation of a free market that spans the world merely benefits Large corporations in the western world at the expense of the local economy and culture. Pablo Neruda is not slow to call out some of the problems that have happened with globalization and the companies that have caused them. He specifically mentions Coca-Cola, Anaconda, and Ford …show more content…
Anyone who has taken a beginner's economics course understands the immense benefits of free trade. This lets countries specialize to create economies of scale and to possess competitive advantages. Thus, being able to benefit immensely from trade by gaining more than they could have ever had before. Naturally, when there are more suppliers this increases competition which drives down prices for consumers. As we start to depend on one another this will bring us towards world peace. Free and open "Markets are enemies of parochialism, isolation, fractiousness, war."(Barber) If two countries both need each other to be able to survive, and if both countries make each other better off, there is little incentive to go to war with each other. As globalization has spread, technology and knowledge have spread like wildfire. This has been a great blessing to countries like India who struggled on their own. Now they are starting to catch up. They have undoubtedly benefited from this, but we have also been the benefactors on a number of occasions. For instance, as we approached the year 2000 there were large-scale computer bugs that needed to be fixed. Thankfully, because of globalization. We were able to hire thousands of Indian engineers to help fix the Y2K problem. (Friedman) Other than the obvious economic reasons for globalization there are others. Anyone who travels to