The Pros and cons of globalization Essay Example | Topics and Well Written Essays - 2000 words

The Pros and cons of globalization - Essay ExampleThe decentralization of economies and goods onlyowed trade, commerce and services to be conveyred to different countries, regardless of distance. globalisation is not only confined to economic sectors, but it has also given modernize to the adaptation of social, political and administrative aspects of other countries (Maharjan, 2006). For exercising the integration of EU made the region warring by following the common EU outside policy. EU remains an example where balance is keep by social solidarity, allowing freedom of movement and establishment across different states (Steinmeier, 2006).The anti-globlist view globalization as a negative phenomenon that has is making rich more richer and poor more poorer. They argue that globolisation has increased destitution and diluted responsibility to the capital owners, slashed down the jobs and increased threats to resources in poor countries with no settlement in place. While othe rs mention that positive impact of globalization has removed barriers across the states, accelerating the growth of reforms and allowed greater information access to all parts of the world. (Kennedy, 2001). Globalization has pros and cons and has different interpretations in different continents, which will be discussed further in this essay.The arrivBenefits of GlobalizationThe arrival of global market has allowed the aspiration of big players to expand their street corner and derive maximum profit in the global market made possible through geo-economic expansion. Globalization guarantees this sustainable competitiveness through a steady leadership of technological networks, generating added value and production facilities with untrammeled human capability. It contributes more to the global development producing greater scientific and technological resources. Even the countries that do not go for such vast resources still play essential role in over all global development (Nikol ayev, 2004). One of the most important roles of globalization is its economic role in world(prenominal) trade and economy. According to Visto (2002) globalization is competition and reorganization, attracting countries that were in need of investment and such investment amend their economic condition. One such example is Mauritius, where per head income has increased from $500 to 1600 due to foreign investment. The foreign direct investment involves a long reflects a lasting interest in the host country. It implies that the investors have enormous control in another countrys economy due to its own interest, which ultimately leads to economic development. gum olibanum any increase in FDI flow is directly associated with increase in GDP. FDI is undertaken by large and technologically advanced firm, which accelerate the speed of economic pace on one sided and also helps in transfer of technology in the host country with heavy return for the firms and provides more jobs in the countr ies where jobs be scarce. For example when Toyota setup car plants in countries outside Japan, it requires higher level of standard to maintain the quality of it products, which sum training the local workers. Thus if Toyota gets the competitive advantage, the host countries gets the skills and jobs. The recent joint ventures of China with Japanese companies are also such move by the Chinese entrepreneurs to get skill directly