globalization - Impact of Globalization: Beneficial or...

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Impact of Globalization: Beneficial or Harmful? Political Science 101 LEC S1 Bonny Mgonja Han Adam Li ID: 1245229 March 15 2010 Impact of Globalization: Beneficial or Harmful?
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Many may have not realized, but many aspects of our society are actually foreign to us. From the food we eat to government regulations on environmental policies, how many are originated in Canada? If you are among those that questioned, this is the concept of globalization. Although the speed may vary, globalization is the global phenomenon in which with the regional aspects of life are intergrading into the world spectrum. With regard to most regions of the contemporary world, globalization is taking place by means of economic and cultural integration. As seen from the past decades, many stress the need to globalize as it provides economic, technological and many other collective benefits while others resist it because the outcome of these benefits are unjust and unfair. However, due to respect of both side of the argument, globalization does not present a definite line for us to identify it as being good or bad. Partly because it is still an ongoing process but most importantly, people from different cultural backgrounds have different view on globalization as they only examine the way globalization is associating with their lives. One phenomenon widely examined would be the global advancement in technology we have experienced in the past twenty years. For example, the combined use of both oriental and western medicine in treatment of cancer has proven itself to be beneficial to cancer patients at least. i However, if to consider the overall impact of globalization then we would also have contradict its benefit by examining the advancement in weapon technology which essentially leads to the increase in total death. Above all, it is impossible to ignore many of its side effects to the contemporary world. As many scholars have suggested, globalization is being exploited by multinational corporations
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which essentially leads to income inequality and poverty. ii However, if we were to credit exploitation as the result of globalization, then we would have to do so by take into account centuries of repression by European colonialism; when European empires dominated most parts of the world, where slaves were considered as a fair commodity, let alone other methods of exploitation of the indigenous. Even though the age of colonialism could only be seen on the discovery channel and history books, the creation of a global economy was intended for one goal, wealth. With the ever growing market led by consumerism in today’s world, many multinational corporations takes full advantage of the situation by employing cheap labor jobs in the developing world countries. Nike for example produces majority of its products in countries such as India, China and many other states in Africa. Means of exploitation could found in sweat shops, daily work of more than 12 hours and wage that of one eighth of what an American
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This note was uploaded on 04/19/2010 for the course POLSCI 101 taught by Professor Gse during the Spring '10 term at Alcorn State.

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globalization - Impact of Globalization: Beneficial or...

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