Globalisation. Why is it a problem?

Answer 1

Globalisation should not be a problem. Voluntary trade only occurs where it makes both parties better off. If individuals have a choice between earning 50c day in an existing job or $1/day in a sweatshop, so that they can feed and educate their children, then the freedom to choose should not be seen as a bad thing. The problem comes when globalisation interacts with corrupt governments in developing countries, since corrupt officials take away the existing jobs so that people don't have a choice. Take a look at the massive improvements in living standards in Malaysia or Singapore to see the potential benefits of globalisation. Also, as countries become richer, so do expectations for democracy. Unfortunately, there are also many examples of globalisation gone wrong where governments have allowed foreigners to take over their economy without giving their populations a free choice or diverted teh proceeds of the deal into the hands of a few wealthy friends of the ruling elite. However, it is wrong to blame globalisation for this. The real problem is greed, corruption and the absence of genuine democratic institutions etc.

Answer 2

Critics of the economic aspects of globalization contend that it is not, as its proponents tend to imply, an inexorable process that flows naturally from the economic needs of everyone. The critics typically emphasize that globalization is a process that is mediated according to elite imperatives, and typically raise the possibility of alternative global institutions and policies, which they believe address the moral claims of poor and working classes throughout the globe, as well as environmental concerns in a more equitable way.

Answer 3

Because it is cultural imperialism from the US. It restricts choice, it closes the market and makes every single place in the whole world the same.

Answer 4

for developed countries and multinational companies it is game.

it is an opportunity for the powerful to take advantage of the weak

for the developing nations it is death.

Answer 5

well it kills local small business