How can globalization be a curse?

Question

We have always thought that globalization is the way to go these days. We are able to relate to people etc. I am just curious how globalization can be negative.

Answer 1

A different perspective built from the first answer is that, when globalization has reaches all corners of the earth, every country will be influences by popular culture and will adopt to that culture.

Think China - economist's favorite example of globalization, more citizens are now drinking coke as opposed to tea and this is good for the business and more transactions are occurring and building the business and economy for both china and the world. For the world, china can be looked as a big market and for china, they are stocking their ammo to be a competitive market industry. All these can be supported with data such as GDP, GNP, GDP per capita and GNP per capita , but the downside that cannot be measure is the erosion and eradication of culture, tradition and even values. On the streets of china, teens are now dressed like the homeboys on the streets of Brooklyn or even South Central LA. The youth are the new generation but one negative aspect of globalization is the fading of culture.

Answer 2

Look around America and the answer will be evident. The demise of jobs, factories and industries is apparent throughout the USA. None the less, our economy seems to be growing by continuing to add new jobs. Unfortunately, the majority of the replacement jobs pay less than the jobs that have been lost. Many of these jobs do not pay a living wage. Subsequently, the middle class of America is disintegrating while the standard of living for all Americans is declining.

Just look around. The steel industry is in shambles. The television manufacturers are gone. The textile industry is caputt. The auto industry is in bankruptcy. The electronics industry is largely foreign dominated. I could go on, but I'm sure you get the picture.

But take heart. McDonald's is expanding, health care is all the rage and Walmart has cornered the retail market with its import of foreign goods. Unfortunately, these jobs are all largely substandard.

America and Americans are the curse of globalism. Our government at the behest of our multinational corporations has deserted our countries best interest for the promise of increased profits.

Answer 3

Consider the ultimate result of total, perfect globalization: no place is significantly different from any other.

While for most places in the world this means a step up, for much of the developed world, this would mean a step down. It's common knowledge that if the entire population of the Earth used resources in the way the developed world did, there would simply be no resources left. So if everyone has equal access to all the things that can be globalized, that unavoidably means that those who have them now aren't going to have as much.

Now, I'm not saying that globalization should be stopped... in fact, I tend to think it's largely inevitable. But there will undoubtedly be those who view it as a curse - the guy who lost his job because someone in some distant land will work for less than him, for example.

Answer 4

I believe one negative aspect would be that the big fishes are the little fishes. In other words big countries eat (or take advantage and abuse) the smaller poorer countries.
Small countries are not the only one to suffer from globalization just look at all the down sieving in American and Canadian companies. They outsource all the jobs to poor countries where there are people desperate enough to work for 1,50$ per hour. This only benefits the companies and neither countries really.
There are many other negative aspects, but I ind this is an easy one to relate too.

Answer 5

Globalization results in orientation of almost all the industries towards supplier to the whole world instead of the country of its existance. It can prove to be a curse under certain special situations like:
- If the domestic price of a commodity is less than the international price, the supply to the domestic market will reduce resulting in less supply and more demand leading to inflation;
- If the dostic price of the commodities available is more than the international price , the export of the commodity will come down although domestic prices may fall but it mayl lead to solvancy of the industry and ultimately leading to removal of employees and unemployment.
Thus, at the time of accepting globalization for a country the government of the country needs to be quite alert.

Answer 6

If you question some standard economic assumptions (e.g., "growth is good") it is easy to see globalization as a negative. Is it a good thing to increase the human population? If not, then globalization is not good; improving transportation to all corners of the globe makes relatively uninhabited areas attractive for settlement, leading to increase in human population and harm to other species.

In the short run, globalization may be "good" (raises quality of life around the world); in the long run this is quite debatable.

Also, see the attached regarding increased inequality with globalization.

Answer 7

Simply put globalization ushers in.....One World Government

Answer 8

good or bad we have to live on the same planet together for quite some time yet. Anyways we've always look down on the League of Nations, and what if their was'nt a United Nations

Answer 9

Hollywood

Answer 10

Basically i would recommend you not even think about the negative things why don't you look for prosperity.