Free 900 words Essay on Positive and Negative effects of Globalization for school and college students.
A teenager in a small town in India laughs at the antics of Sheldon Cooper, a character in an American comedy show.
A Russian man takes his girlfriend on a romantic date to an Estonian restaurant in London.
A Kenyan socialite wears the biggest fashion labels from across the globe, manufactured and sold in her own country.
All the above scenarios are possible today as a direct product of globalization, a universal integration that is brought about by, and facilitates, intermingling of humans across the world. The global village that has thus been created has effectively transcended social, cultural, and economic boundaries, and has, on the face of it, made life easier on a whole. But like all things that are uber-powerful, this phenomenon too begs the question: is globalization really as rosy as it seems? Is it possible that it is, instead, a ticking bomb sewn within a teddy bear?
There’s no easy answer to that question. Sociologically speaking, with borders being transcended each day, globalization brings about the affirmation of identity of nations and individual alike. With the advent of multinational corporations, workers are increasingly being posted in different corners of the world. Job opportunities have opened up like never before; people are encouraged to move beyond the beaten path and take up positions in the farthest reaches of the world. This, in turn, has led to the development of a thriving global community that imparts and imbibes each other’s culture and customs, effectively preventing the stagnation of any community, which would otherwise be inevitable in a cultural group that remain strictly homogeneous. Most importantly, such mingling has definitely given rise to a far more tolerant society, since familiarity has helped to eradicate the fear of the alien. For instance, when US President Donald Trump signed the executive order restricting entry from certain Muslim-majority countries, the nation- and the rest of the world- erupted in protest, condemning the move as intolerant and unnecessary.
And let’s not forget the fact that globalization- which after all rides on advancing technology, helps in raising awareness. With information just a few clicks away, every event happening in the world is now known to everyone. Thanks to globalization, nations of the world are being able to take unified steps to combat global warming and environmental degradation, and it takes only a few hours after a catastrophe for aid to reach from the rest of the world. Moreover, globalization has helped nations learn and adopt the best practices of other countries.
On the other hand, there is the very real fear of losing identity. The more powerful a nation, the more influential it is. Since globalization is largely manipulated by the richest, and hence most influential, countries, it threatens the existence of local culture of the poorer and less developed nations. Influential countries are sought after in every way; for instance, Indians and Chinese are well known for attempting to emigrate and settle in western countries, and Hollywood films are more likely to do better than Indian and Chinese films in western countries, despite the fact that these are well developed film industries in their own right. American culture has an all-pervading effect on the world; from youngsters preferring fast-food chains like McDonald’s to indigenous cuisine to an ever fewer number of people actually taking an interest in their own culture, history, and language.
Speaking of multinational corporations, this has also been made possible by the more lenient trade relationships between countries, yet another effect of globalization that can best be described as a rose bush- pretty and lucrative, but with its fair share of thorns. On the one hand, free trade has ensured that a corporation can open branches in countries that assure more inexpensive workers and hence more profits. Take for instance the shipping solutions company, Federal Express. The American organization has a major presence in India, thanks to cheaper labour and the promising market that the fast-growing Indian economy promises. This is economically beneficial to both the company and the vast Indian population, which finds further scope for standard employment in such establishments.
It’s not all pretty, though. Cheaper labour costs often translates to immense profits for the organization, with little to no benefit for the country on the receiving end of the outsourcing. The biggest examples would be the sweatshops in China and Taiwan, run by global conglomerates such as Nike, where workers- many of them children- work for a less-than-minimum daily wage and most inhumane working conditions. Only a few years back, Nike received a lot of flak when a sweatshop in Bangladesh came crashing down, killing the workers and proving that the corporation did not bother to check the safety of the building in its efforts to minimize costs.
However, it cannot be denied that local economies can benefit greatly from foreign investment in the form of transnational companies, or TNCs. Influx of the foreign currency- which is mostly of a higher value- means greater wealth for the local economy, and this money can be utilized for development in terms of infrastructure, health, and education.
There is no doubt that globalization today is an indomitable force. No matter what the protestors say, it cannot be regressed, nor can it be stopped. The smartest way forward would be to ensure that globalization happens on an even footing- so that it’s not just a handful of nations, but the entire globe, can benefit from it.