Do u support Globalization and reasons for pros and cons as well.?

Answer 1

Pro=It makes markets bigger.

Con=It floods your market with competitors.

Pro=It brings new oportunities to backward economies.

Con=It drains developed economies.

Could work if done correctly. Wont work in practice due to human nature and the current lack of cheap oil to move goods around the world.

Message to the literature Nobel prize winner above me: You say globalization is not bad or good and the next line you say its bad for us to stop this god made process? Make up your mind and show us reasons why it is bad to oppose it.

Answer 2

although globalsation has been with us since mans first went out to trade, and is now facilitated through the fast movement of money through the electronic media It is my own philosophy, that it is better if communities in developing regions evolve their own wealth through learning over time about capitalist accumulation. I am now putting a book together that will explain the biological reasons why it is better for humans to do so, the one thing I am totally against is investment in real estate from rich countries to poor countries. this corrupts the whole capitalist medium in the poorer countries.

Answer 3

There is a movement to turn my city in to more or less a covenant controlled community and it locks like this is a trend I think is headed towards Globalization.

Answer 4

Globalization is an inevitability... & We can't go on without it (Or the WORLD will go on without US). As with most things, there will be winners & losers in the Process ... But as long as we ADAPT to that "Process..."- we'll continue to be an important part of it.

Answer 5

the idea is that we share the wealth and help LEDC's to catch up, but in practice we just end up using them.

Answer 6

Globalization:
In the absence of a branch of science dealing with systematic study of nature, properties, composition, laws, and classification of wealth, it is natural that such misconceptions about globalization crop up. This study is a mirror image of chemistry. Without knowledge of chemistry one can not be master of economics. There are three general laws of wealth: Law of Conservation, Law of Equilibrium and Law of Mass Action (of chemistry, but is more suited to reactions involving change of wealth from one form to another). This science being exact, there are no exceptions to these God-made Laws.
According to Law of Equilibrium, wealth, like matter and energy, moves from higher concentration to lower concentration. Remember here that movement of wealth depends on concentration of wealth and not on quantity of wealth. Two forms of wealth are required to express concentration of wealth. When we say price of potato is Rs.6.00 per Kilogram, the two forms of wealth here are, potato expressed in kilograms and money expressed in rupee. We must also remember that concentration of one form of wealth is always reciprocal of other form of wealth. Think that there are two countries with following concentrations of wealth.
$ 5 trillion capital $ 3 trillion capital
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$ 20 trillion resources $ 15 trillion resources
COUNTRY A COUNTRY B
In the above example, capital is concentrated in Country A because ¼ > 1/5. Resources are concentrated in Country B because 15/3 >20/5. If wealth is allowed to move freely, capital moves from Country A to Country B and resources move from Country B to Country A. When one country loses one form of wealth it must be remembered that it will be recipient of other form of wealth. Wealth can neither be created nor be destroyed but can be changed from one form to another. This is the basis of Double entry bookkeeping. By globalization there will neither be gain nor loss of wealth and this is Law of Conservation of Wealth.
What if a country forbids movement of any form of wealth to or from that country? The situation will be similar to a biological process called osmosis where only one form of matter moves. Think that two adjacent banks offer interests at 5% and 5.5% on deposits. If interest were to move from bank to bank, interest would have moved from Bank paying higher rate to Bank offering lower rate. But interest is immobile. Only Investment moves. In Bank offering lower interest rate the investment is concentrated because Rs.100 Investment for Rs.5.00 interest is greater than Rs.100 Investment for Rs.5.50 interest. Hence Investment or depositors move from Bank offering low interest rate to bank offering higher interest rate. I have termed such movements of wealth as Osmotic Movement of wealth where only one form of wealth moves and the other remains static.
Globalization is neither good nor bad. If globalization is permitted, wealth moves from higher concentration to lower concentration till such time that equilibrium is attained. It is wrong on our part to artificially block this natural God-made phenomenon aimed at equalizing concentration of wealth.