What are some merits and demerits of globalization?

Answer 1

A negative effect of globalization is that immigrants may be blamed during hard economic times. In the 2014 elections, many far right parties were elected to the EU.

Answer 2

Demerits: Economically: It puts people in developed countries out of work because they have higher income, hence higher salary needs and cannot compete with others in other countries. This creates higher unemployment that government taxes might have to help out. This harms the economies of more developed countries bringing down standards of living. Politically: It could force nations to take actions that are not in their best interests for the benefit of other nations, thereby depriving a measure of sovereignty that individual countries expect.

Answer 3

Globalization* First of all, it has been asserted that globalization provides the increasing of productivity and life standard of societies. To begin with productivity is indeed increased as it can be seen that the population of the world is rising rapidly even uncontrollable and more people means that there is a need of more product too. *The increasing number of the loafer. After the industrial revolution, industry gravitated some particular countries. Because of that, these countries became a power in industry. However production decreased and so unemployment was raised in the other countries.

*Another major damage of globalization is that some cultures are getting lost. The cultures of the countries that have more economic power are more dominant than others. Because, wealthy countries produce many things that can affect cultures, for example, clothes, movies and technologic products. According to Ikerd, while the global community is increasing, more and more people have became ignorant about social, ethical and moral values which are various in defining groups. (2002) Therefore, globalization damages small cultures which are in risk of being extinct. Big disadvantages.

* Today whatever people want can be bought with the help of the improvement of trading system. Begins with the Silk Road now the earth has a gigantic way for exchanging and that is called globalization. Globalization is a process by which the worlds are unified into a single society and function. It is claimed that globalization supports productivity, cultural intermingling and cash flow into the developing countries; however, there are some disadvantages of globalization that should not be overlooked: unemployment, social degeneration and difficulty of competition. *In conclusion, unemployment, social degeneration and difficulty of competition are the killer disadvantages on people life that based on globalization..

Answer 4

Merits: Economically: Spreads jobs and employment to countries with high unemployment due to lack of economic development. This helps poorer countries develop economies they might not otherwise be able to develop. It brings the cost of products down by bring the cost of labor down by having people with lower income needs, hence lower salary needs than people people in more developed countries. Politically: It brings more nations into the decision-making process on international issues. This probably leads to better understanding of philosophies by people of different cultures Demerits: Economically: It puts people in developed countries out of work because they have higher income, hence higher salary needs and cannot compete with others in other countries. This creates higher unemployment that government taxes might have to help out. This harms the economies of more developed countries bringing down standards of living. Politically: It could force nations to take actions that are not in their best interests for the benefit of other nations, thereby depriving a measure of sovereignty that individual countries expect.