Globalization: advantages and disadvantages

Essay by FrancataUniversity, Bachelor'sB, November 2006

download word file, 7 pages 4.2

Nowadays globalization is present in many aspects or activities we realised, so we are familiarized to it in many different ways and we sometimes do not even realise it. Another fact is that globalization has become one of the most revolution movements of the recent world history. Moreover, globalization as a general concept has been supported by telecommunications which have increase the importance of it, especially internet and also mobile phones. However it presents several problems which causes people would be against this global process, anti-globalization process is a well-known movement that sets the trend to these people who are in disagreeing with it. Some examples of these problems are that countries could lose their culture identity, international, terrorism, mafia organizations, loss of employment, etc. The first part of this essay will be aimed towards understanding the concept of globalization and the major part of the essay will analyze the various advantages and disadvantages that arise as a result of globalization.

First of all and in order to know what Globalization is, a typical definition can be taken from the International Monetary Fund (2001: wikipedia website), which defines globalization 'as the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology'. However and according to a point of view of the transformationalist thesis, defines globalization 'primarily as a social phenomenon that has brought qualitative changes in all cross-border transactions' (Hoogvelt, 2001: 121). On the other hand, it should be known that the term Globalization can be understood as many different meanings, it depends on the context spoken, such as economic, social, cultural, technological and political anyway these definitions are closely linked. Globalization emerged strongly after the World War II when...