Globalization

As economies and societies integrate, our world grows smaller.
 

The growing integration of economies and societies around the world.

Globalization is an inevitable phenomenon in human history that's been bringing the world closer through the exchange of goods and products, information, knowledge and culture. But over the last few decades, the pace of this global integration has become much faster and more dramatic because of unprecedented advancements in technology, communications, science, transport and industry.

While globalization is a catalyst for and a consequence of human progress, it is also a messy process that requires adjustment and creates significant challenges and problems. This rapid pace of change can be unsettling and most societies want to control or manage it.

Globalization has sparked one of the most highly charged debates of the past decade.

When people criticize the effects of globalization, they generally refer to economic integration. Economic integration occurs when countries lower barriers such as import tariffs and open their economies up to investment and trade with the rest of the world. These critics complain that inequalities in the current global trading system hurt developing countries at the expense of developed countries.

Supporters of globalization say countries—like China, India, Uganda and Vietnam—that have opened up to the world economy have significantly reduced poverty.

Critics argue that the process has exploited people in developing countries, caused massive disruptions and produced few benefits.

But for all countries to be able to reap the benefits of globalization, the international community must continue working to reduce distortions in international trade (cutting agricultural subsidies and trade barriers) that favor developed countries and to create a more fair system.

Some countries have profited from globalization.

  • China: Reform led to the largest poverty reduction in history. Between 1990 and 2005, poverty rates in the country fell from 60% to 16%, leaving 475 million fewer people in poverty.
  • India: Cut its poverty rate in half in the past two decades.
  • Uganda: Poverty fell 40% during the 1990s and school enrollments doubled.
  • Vietnam: Surveys of the country's poorest households show 98% of people improved their living conditions in the 1990s. The government conducted a household survey at the beginning of reforms and went back 6 years later to the same households and found impressive reductions in poverty. People had more food to eat and children were attending secondary school. Trade liberalization was one factor among many that contributed to Vietnam's success. The country cut poverty in half in a decade. Economic integration raised the prices for the products of poor farmers—rice, fish, cashews—and also created large numbers of factory jobs in footwear and garments, jobs that paid a lot more than existing opportunities in Vietnam.

But others have not

  • Many countries in Africa have failed to share in the gains of globalization. Their exports have remained confined to a narrow range of primary commodities.
  • Some experts suggest poor policies and infrastructure, weak institutions and corrupt governance have marginalized some countries.
  • Other experts believe that geographical and climatic disadvantage have locked some countries out of global growth. For example, land-locked countries may find it hard to compete in global manufacturing and service markets.

Over the last few years, there have been protests about the effects of globalization in the United States and Europe. But in a lot of developing countries there is very strong support for different aspects of integration—especially trade and direct investment, according to a recent survey conducted by The Pew Center. In sub-Saharan Africa, 75% of households thought it was a good thing that multinational corporations were investing in their countries.

Some economists have described globalization as a fast train for which the countries need to "build a platform" to get on. This platform is really about creating a foundation to make sure the country functions well. It includes property rights and rule of law, basic education and health for the people, and reliable infrastructure (such as ports, roads, and customs administration).

International organizations, such as the World Bank, bilateral aid agencies and nongovernmental organizations, work with developing countries to establish this foundation to help them prepare for global integration.

When governments don't provide this foundation and basic services, poor people can't take advantage of the opportunities that globalization offers and are left behind.

It is equally important that the government governs well. If a country's government is corrupt and incompetent, outside agencies really won't be able to make a difference.

  • Learn about the world and current events.
  • Volunteer. Search the UN Volunteer or Idealist websites to find out about volunteer opportunities worldwide to encourage sustainable development.

If you live in a developed country:

If you live in a developing country:

  • Stay in school—study and learn.
  • Volunteer to help those in need.
  • Encourage other kids and young people to stay in school and to volunteer.
  • Learn how much money your government receives in development assistance and take action to ensure government funds are properly spent.

Review and Comments

Read More Comments & Review 9

Anonymous (not verified)

I like this website. My teacher has been asking us to take a look at it somehow...

that british guy (not verified)

i love this website :) it makes me happy

Anonymous (not verified)

that was uba cool

Ra5ch-The Five Is Silent:P (not verified)

Wow, I really couldn't believe this artical! It really made me think of things that I never thought of before. I am definently gonna think about this in the future!!

Anonymous (not verified)

this was interesting!

Abby H. (not verified)

This article was very helpful and really made me think. I believe that in globalization, each country should contribute as much as it is able, without trading so much that it weakens the country's economy. I also believe that it is right for each developed country that is involved in globalization to come alongside developing countries. Despite those who disagree with globalization, we are still actively involved in it and are working together toward the same goal. Globalization in every country should be closely monitored to be sure that no government is being taken advantage of, despite the country's economic status.

Danielle K. (not verified)

Like this article points out, globalization--the development of an increasingly integrated global economy--is inevitable. Whether you are a hard-core advocate or a die-hard critic of globalization, there is no denying the fact that it has become the proverbial "fast train" on its track to interconnecting the people, countries, and economies of the world. It's an unstoppable force guaranteed to impact the lives of billions of people who live--and will live--on this planet for many, many years to come. In my opinion, there is countless energy wasted on determining whether or not globalization is more beneficial than it is detrimental, and vice versa. I can say with 110% absolute certainty that, living in today's world, it would be IMPOSSIBLE to eradicate ALL of its forms, aspects, and influences on our lives--now, and a hundred years from now. So, instead of directing so much time and energy into praising or lamenting what will inevitably continue regardless of your actions, all of that effort should be aimed at collectively establishing laws and regulations (perhaps develop a global organization or modify an existing one to address these issues?) aimed at 1) improving the economies of struggling/developing nations such as those in Africa and Asia, and 2) monitoring those developed nations in order to ensure that they do not exploit the people with whom they conduct business. In essence, more effort should be directed at ensuring that extraordinary measures be taken--implemented by law or by an organization, etc.--in order to protect the basic rights of people WORLDwide. If only we could be rest assured that no one's life be harmed in our pursuit of an interconnected world--even if that meant we would have to delay progress (in some parts of the world)... For surely, the desire for globalization should never be pursued at the expense of thousands, if not millions, of lives, right? To wrap up, let me just reiterate this: yes, globalization is an unstoppable force, and nothing man can do (or won't do, in some cases) will halt its progress; we as a people who all share the same basic needs and desires can only put effort into enacting laws and organizations that will improve the economic statuses of underdeveloped nations, protect peoples' rights all around, and monitoring all nations' progress.

Alex C. (not verified)

I never really thought about globalization and it effects. This site shows me what I missed; which is a lot. It shocks me how uninformed I was. It's true that economic integration is a big problem, but if China, India, Uganga, Vietnam, and other countries can open up to the world and reduce poverty then we should all work together to get all countries to that status.

Alejandro Moreno Pérez (not verified)

Nowadays everyone talks about the importance that the students of every career and country have an international experience during their school years. Professors, parents, businessmen and many other people argue that an international experience gives students an advantage because they can meet people and cultures from other parts of the world, which helps them to understand the globalized world of today. However, just a few ones talks about how understanding the globalized world of today will help students. Some say that this will help them to achieve a well- paid job, and others say that this will allow them to help their communities and countries making an international cooperation. For me, both of them are right, because an international experience gives you the tools both to success in a professional way, so as well to collaborate in the development of your country and two or more countries in the same time is the most rewarding for me. I believe that because if you work abroad, of course you met people from different parts of the world and their cultures, but also you have the opportunity to live experiences of which you could only read if you stayed in your country. For example here I can read and give my opinion about the advantages and disadvantages of one county, but if I work with people form that country (specially working in one of the most important organizations for cooperation and development of the world), I will have first-hand information and will better understand the complexity of this country, and in consequence I will have a better opinion about it, and I can make an international cooperation, seeking answers to common problems, identify good practice and coordinate domestic and international policies. Like that are many examples of how an international experience gives you an advantage in understanding how the world functions, how diverse forces (economic, financial, social, political, etc) act different in many countries, and how the situation of one country affects the situations of others. On the other hand, if you I have the opportunity to work in this traineeship programme, I will learn how Governance, Economy, Society, Development, Finance, Innovation and Sustainability are evaluated and analyzed, a usefull piece of information if you want to be part for positive change working for your county and the world and also I can develop my experience of economic & financial articles, or in the present you can import some successful practices to your own country in order to improve its competitiveness and productivity. But, how will this help me in my professional life, or collaborate in the development of my country? Well, first of all this internship program experience teaches you how to interact with people from different countries (CULTURE), knowing which is the proper way to ask them for an interview, the way their prefer to report and write news, and other important issues that will help you, as I said, to interact properly with them. All of this information will help you get a good job, both in public and private sector, because in a globalized world the most you know about other countries the most desirable you are for a job. Now, in my personal point of view, if you have a good job, then you are in a favored position to help your country, a thing that can be done in a variety of ways: you can share your experience with others, you can improve a company or create a new one in order to create new and better job opportunities for others, you can improve governmental practices to make it easier for citizens, and many other things that, in way or another, will develop your country.

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