Globalization represents the interdependence between different world societies, economies, and populations. It has assisted in bringing down the walls that separate humans. Many people can see globalization as a symbol of an optimistic and happier future, the cycle of that interdependency among all the countries on this planet, while for many, it is a nightmare for the universe. In this essay, we will see why globalization harms society then focus on the ethical disadvantages it has caused.
In prehistoric times, citizens traveled to far-off villages to trade goods and services. Trains, warships, and telegraphs paved the door to foreign trade and globalization at the beginning of the 19th century, through economic alliances between nations. World Wars, the Great Depression and the post-war protectionism all affected global trade negatively. Several countries have been economically affected, and rivalry between different nations increased. Nevertheless, thanks to developments and expanded travel, the same initiative has improved today. It takes just a couple of minutes to reach a customer not minding the distance.
Globalization's effects are weighted politically. They profit the business elites, whereas a minor group of individuals is greatly affected negatively. To solve challenges and maintain the discounted payouts, individuals will consider the benefits in the future other than the expense of globalization. As a consequence, in both industrialized and developing nations, we have attracted awareness to positive aspects regarding globalization, and also to certain negative things concerning globalization in these nations.
Before globalization, trained workers were granted employment in public sectors and businesses and were paid high wages. Employment opportunities awaited those who graduated and received a degree. Individuals could give up a job and find another easily. As a result of globalization, more people across the world sought employment. Slave labor was used by employers. Firing can be rendered owing to a minor mistake because the employer can find an even more professional employee who is prepared to receive less pay.
In several nations, globalization also impacts employment. This transition has contributed to the shift of employment to the less industrialized countries from the developed and highly productive ones. This implies that less advanced countries with lower wages, cheap coal and light pollution rules can create an environment in which other countries cannot compete. In the US, in particular, since China joined the WTO, the percentage of employees has fallen dramatically. Yet globally, not only in the United States, globalization's negative impacts can be observed.
Globalization increases emissions of carbonic-acid gas. How precisely? In reality, industries and firms continue to produce more products, as a result, more coal is burnt thereby increasing the output of carbon dioxide into the air. This has a devastating environmental effect, which, in a matter of decades will intensify global change and endanger our entire lives. The greater the demands of products from businesses and individuals and the more economical the goods are owing to the competition of firms, the greater the negative environmental impact.
Change in tax rates is another of the detrimental aspects ordinary citizens may potentially recognize about globalization. For large companies moving to places with lower tax rates, people experience the most changes in taxation. Because of their business and private lives, individuals can't switch from place to place. It is also the reality that the loss of jobs created by globalization simply ensures that societies compete in the form of them owing to their worker's additional tax breaks. It essentially means that globalization shifts taxation away from corporations to common citizens.
Independence has one of the biggest effects on globalization. In some countries, globalization has facilitated the reliance on some products and services in some way. Many countries may depend more on imports than the overall manufacturing process. It causes countries to stop producing their products, such as food and clothing, and rather prefer to import them completely from other nations, thus placing their welfare in another country's hands. The system has been effective so far, but what arises when dependent nations have no more resources to manufacture more goods, the system collapses. Such reliance is not only on clothing and food but also on technology. If a nation does not manufacture its goods, it is strongly at risk of disaster if the resources freeze up.
Globalization has built a very dynamic environment throughout the globe. At the most minimum possible price, every nation wants to offer as many products and services. The essence of prices can never be undervalued, because of the cheaper and more reasonable the prices among rivals, the higher the demand, because it's always normal for consumers to go for the cheapest products in the market. This triggered the devaluation of the currency. It pushed each country to devalue its currency.
Globalization is a mechanism that allows nations to cooperate by system integration and to make them efficient, dependent on one another and tightly linked. For instance, if a nation collapses for a particular reason, the mechanism of globalization means it is going to affect other countries with which it is linked. There are a series of examples across history. Civilizations began slowly, established and ultimately overused their capital base and collapsed afterward.
Globalization is an unavoidable phenomenon that persists for years and continues to grow using all the resources to increase the efficiency of trade. The negative effects of globalization listed above can make us conclude that this activity is bound to occur again in the long run once globalization has harmed nations and civilizations and caused their total collapse.
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