Globalization

Globalization

Globalization has positive effects because it helps produce wealth in underdeveloped countries. Some critics argue that the wealth that it produces seems to end up mostly in the pockets of the rich, instead of the poor. The idea of globalization as a concept is positive, but more people should be able to benefit from it. Globalization is a major force shaping the world, and it's not a matter of if it will continue. It's a matter of how it will continue.

Reasons to be positive

Many people feel that globalization helps break the regressive traditions responsible for discriminating against people on the basis of gender, race, or religious beliefs. It is a cure to the intolerant fundamentalism that oppresses millions of the world’s poorest. Income per capita and social and economic progress has been enjoyed in emerging and developing countries over the past two decades. It is felt that globalization has been of great help to emerging markets such as the BRIC countries since the beginning of the noughties. They are also seen as the future countries that globalization will most effect and benefit. These four countries are among the biggest and fastest growing emerging markets. Goldman Sachs argues that the economic potential of Brazil, Russia, India, and China is such that they could become among the four most dominant economies by the year 2050. These countries hold a combined GDP (PPP) of 15.435 trillion dollars. On almost every scale, they will be the largest entity on the global stage. Therefore it makes sense for companies and businesses to invest in such strong markets. It is only possible to see further investment in these emerging markets. These dynamic giants are likely to behave more like traditional big states, and will try to shape globalization rather than simply accept it as an inevitable process. But they also need to project power to compensate for their weaknesses. There are at least three obvious flaws that afflict these big...