Positive and negative effects of globalization

EXECUTIVE SUMMARY

The present report addresses the positive and negative effects of globalization. When we talk about this, we mean the process of self-integration of countries in connection with the influence of intergovernmental organizations (IGOs) and non-governmental organizations (NGOs). In general, this relates to economic integration and political interaction, as it relates to the cultural and social aspects of various countries

Globalization describes how different world cultures, people and economies are interdependent. This is a consequence of cross-border business. Technology, goods, investment, information and services, together with the labour market, are the most popular components of such activities. The United Nations has established worldwide integration for many centuries, providing economic, political and social partnerships

What are the advantages of globalization?

The researchers have made various positive effects of globalization, which some developed countries enjoy today. Each is difficult to meet, but let’ s focus on some of the highlights

Among the consequences of globalization, this is one of the advantages. This means that countries must specialize and create many products in their local market. Different countries create different products, and what is most surprising is not a single country that is self-satisfactory. In some advanced economies, there is not enough raw materials for their factories, and the rest of the countries have been accumulating more than they should have. World integration has led to cheap raw materials. Now the states can buy them and create low-price products with good profit

The bigger the market, the bigger the return. This concept has expanded enterprises in developed countries. They are also expanded by acquisitions in developing countries, partnerships and mergers with other companies to enter the large market and produce cheaper goods because of materials and labour. The accessibility of the cross-border market encourages companies from developed countries to create different products because they have consumers around the world. Some of them produce cars, other clothes or products. A number of products are invented and sold in developed countries

Intercultural governance

Each country has its own culture. Culture is connected with how specific people do things and their values and believe. The integration of all cultures to form a global level is not easy. For example, in some legal systems, gender equality is not recognized and they do not allow women to conduct business or engage in business. Prior to globalization, many countries did not allow women to receive an education, and even if they did, they had to deal with jobs such as training or care. Many states have now accepted the functions of American culture, even in the order in which they operate. For example, one of the United States elements saves time, as well as an understanding of its value. They don’t like protracting ludiculum. The population of developed and developing countries has a culture of participation in operations that are beneficial to social, economic or spiritual activities. This is where the new global culture is emerging. Globalization has caused cultural erosion in the societies of both developed and developing countries

Competition is a healthy way of doing business. Without it, companies will not invent some innovation in cross-border trade. This is the main reason for improving the quality of goods and services, as well as the causes of price declines. Competition said industry in some developed countries to get cheap raw materials and labor to lower prices. People from the first world can afford to buy domestic and foreign goods. Competition leads to an increase in the exchange of ideas and innovations as people try to find a competitive advantage for their business

Reducing the gap between rich and misfortune

Globalization has markedly reduced the gap between rich and poor people. For many centuries there has been a wide gap between these groups, which seems to be increasing every year. Globalization enables poor people to have access to employment opportunities. For a long time, people who worked in government sectors and companies were paid high wages, but now even the educated workers earn a little money. As a result, many employers hire skilled workers and pay them less than they deserve. Due to its cost of maintaining the company’s image, the highly paid employees live under stress conditions, while people with low incomes seem to be under stress

The population of developed countries prefers to invest in profitable companies rather than giving them to banks. The reason is that they are trying to earn a living remotely, because investment provides them with a good profit without any effort. Unfortunately, this option is available only to those in developed countries, which are usually insecure in third world countries. People are afraid to invest their earnings, because they cannot predict whether their national currency will be equivalent to the US dollar next year. Others spend it, creating companies and industries in foreign countries where they profit

Advanced technology

Enhanced technologies are the result of globalization. The constant need for innovation was due to the lack of rapid data communication and communication with the public. Many inventors tried to meet the needs of modern society by improving technology. His progress paved the way for the positive effects of globalization in countries that initially did not want to be associated with others. Such States choose partners for cooperation based on religion and not on the economy

Through globalization, people learn what is happening in other countries. The media cover developments in other countries. As a result, international mediators can solve various problems. Those who spoke out against human rights were subject to arrest and punishment in accordance with intergovernmental courts. In equal measure, those who practise illegal business, the pursuits of competitors at the expense of trade, the pursuits. However, many States are not satisfied that the specific IGO is interfering with domestic policies and dictates how they operate within their borders. Import economic sanctions are pursued by Governments that refuse to accept international conventions and follow their laws

The negative effects of globalization

It had several adverse effects on developed countries. Some of the negative effects of globalization include terrorism, lack of job security, currency fluctuations and price volatility

This is a significant problem in most developed countries. Because of global integration, people have traveled a lot. Some of them travel abroad for training, business, family visits, work and access to hospitals. But not all of them are completely honest. Many terrorists came to a foreign country with a working visa, which has a hidden purpose to commit a terrorist attack. It is a problem that causes fear among citizens who cannot trust their neighbors. Unfortunately, the terrorists involved young people, the residents of the country, and their belief that they were doing the right thing. That is why society has fear, mistrust and tension

Before globalization, skilled people have been working in public sectors and companies where they received high wages. Job opportunities were expected for those who had completed their work in colleges and received a degree. People should quit their jobs and get another job quickly. Because of globalization, many people are looking for work around the world. Employers are taking advantage of cheap labor. One of them may get fired because of a slight mistake, as the employer can find a skilled worker who is willing to pay less

Price instability

Price instability is an important business globalization effect. Some people create industries abroad, where they receive cheap raw materials and labour. They can reduce production costs and sell their products at low cost. Because of competition, some high quality products differ in prices. No matter how the World Trade Organization tried to control price fluctuations, their efforts were not successful. These companies use modern technology to communicate with consumers. Successful enterprises are for those who can find a competitive advantage and especially high quality products for low prices

Currency fluctuations

International trade buys and sells products using the US dollar. In developing countries, the dollar price fluctuates, which leads to unbalanced economic growth and abnormal prices for goods and services. The IGOs suffer the most from national currencies

What are the positive effects of globalization?

Positive impact on developing countries

Globalization has had a great positive impact on some developing countries. This is the reason for the rapid growth and development of these countries, as people are investing in these States to improve their infrastructure, technology and general production. Some of the positive effects of the global integration of developing countries are listed below

Eradication of poverty

Before globalization, developing countries had many resources that they did not know how to use them. The population was uneducated and the roads or means of transport were not. People now understand the importance of education and living standards as foreigners living in these countries. Thus, local residents have gone to schools established by settlers and have been given jobs in their companies and industries. Some of them have gone abroad for further research. They were able to improve the living standards of their families using new knowledge. Today, because of globalization, companies created by local people in some developing countries are the main competitors of the developed countries. Although the fight against poverty is not over, there is a great improvement

Job readiness

In most developed countries, many educated unemployed have been educated. Globalization offers them employment opportunities in other countries. Their advantage over the inhabitants of the developed countries is that they offer cheap services. They are also open to learning because they think they have a new life

Globalization has led to further research. Most developed countries have schools and colleges. They encourage people from other countries to study there. Although it is just a business enterprise, like any other, students from developing countries perceive it as an advantage to gain further education and skills to use them in their careers. Investors from developed countries compared them with their families, which is more, they want to have good schools for their children. As a result, they donate to local schools, overexperience the curriculum and recruit qualified teachers. Since then, most developing countries have very high secondary schools and universities. There is no need to move to the developed states to get an education because it is easily accessible in these countries. Improving education is a positive impact of globalization in developing countries. Most developing country governments provide free education by encouraging parents to attend school for their children. In most developing countries, education is mandatory because of globalization, since without it investors and traders will have to commit to hiring local residents

Globalization has contributed to the development of transport technologies in developing countries. Some investors and foreigners who have obtained a lucrative deal with people from developing countries should share ideas and exchange ideas with them, as well as information. This is the fastest way to do this-the use of modern technology. It has greatly helped people from developing countries. Most of them can buy and sell goods over the network at a low price. They work remotely with companies in developed countries. Interaction with people through social networks, the Internet and other platforms have opened up new horizons for improving living conditions. The media outreach attracted a large number of volunteers from developed countries. Consequently, most people can meet their basic needs, such as food, clothing or medicine

Foreign investment

Globalization has led people from developed countries to invest in some developing countries. Foreign investment was one of the results of globalization, which had led to many developments in those countries. For example, some investors want raw materials and goods to be transferred more quickly to the industry and to the market, respectively. The only way to do this is to help each government build an efficient infrastructure. The local population can obtain jobs from these industries and companies established in their country. Investors are raising the country’s economy, paying taxes to the government. They help to improve institutions, such as schools and hospitals, through public institutions that benefit local residents and their families

The negative effects of globalization

Although developing countries had many benefits from globalization, there were a number of negative effects that it had on developing countries

DisenchantsThe workers

With globalization, employment opportunities are available for all of our great world. However, most people have been forced to leave their families for many years when they work abroad. As a result, the couple divorced, remarried and left a poor child at the mercy of volunteers and shelters. Some children are unable to meet their needs in the old part because the money they earn is not enough. Many old people die due to illness and lack of financial and emotional support from their children

In almost all developing countries, more than half of the working population is relying on casual jobs in the industries until globalization is globalized. The improvement in technology has led to a reduction in such employment and increased global needs for qualified professionals. Most people in developing countries lack the skills, while the available jobs are poorly paid because of the high demand generated by globalization. Most of the staff remain unemployed and are unable to meet their basic needs, leading to increased criminal activity such as burglary, pickets, murder and drug abuse. Unemployment and poverty continue to rise as the gap between rich and poor continues

Lifestyle

Globalization has led to the consumption of processed foods, crops with chemicals, to minimize the length of growth and to increase profits. To benefit from business, animals such as cows feed on chemicals that produce a lot of milk or increase the weight for those sold in the meat industry. The number of chronic diseases is increasing due to the increase in the number of cases involving the use of chemicals from food. The mortality rate is high. Moreover, there is a decline in life expectancy in developing countries

Renunciation of culture

Every community, society or nation has its own values and beliefs, that is, its own culture. They are important because they are mould in a community of acceptable behaviour. Elders or leaders ensure that people behave in a spiritual moral order. However, globalization has mixed different cultures. Then the people recounted their true rules and customs concerning their culture as primitive. Some developing country countries accept and reject Western culture. Community leaders can no longer pursue their own domestic policy of punishing citizens for such crimes, as they used to be, because they are considered backward and primitive in the international community. They adopt a culture that is rather strange and distant from their nature, because of this policy, people behave independently of the actual laws. As a result, the number of crimes, such as rape, divorce and domestic violence, is increasing

What are the negative consequences of globalization for my community?

No one year ends without terrorism in my community, something that affects his well-being, and the unity that has been carried out before globalization. According to the latest research, there were nine thousand terrorist attacks in the world in 2017. These statistics are very frightening. Unfortunately, my hometown is no exception. Last year, our big city was a liquefaction. Police said the fire was caused by arson

How does globalization affect me?

Globalization has many positive effects on me. First, I have an education and an online record. I mean, I’m a freelancer. I buy a lot of devices or tools online, which is more, I can communicate with people from other countries through popular networks. On the other hand, because of global integration, I have never been able to get a job at the office. All my applications shut down because of high competition

1. Beck, U. (2018). What is globalization? John Wiley & Sons