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HOMEWORK HELP > HISTORY

Explain the concept of globalization and its advantages and disadvantages for social, political and
economic development.

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Expert Answers

KSCHWEIT eNotes educator| CERTIFIED EDUCATOR

Globalization is a term used to describe increasing social, economic, and political interaction and
interrelation across political and cultural boundaries. The process of globalization has advantages and
disadvantages for social, political, and economic development.

Social Development

Advantages:

The globalization of communication has given almost everyone a voice in worldwide discourse.
The increased flow of knowledge and ideas has allowed everyone to learn more about other people and
cultures.

Disadvantages:

The desire for cheap labor in the global supply chain has led to human rights violations, including
violations related to child labor and human trafficking.

The Americanization of cultures around the world has created resentment among some social groups.

Political Development

Advantages:

Globalization has led to greater interdependence among various countries and regions; this encourages
political cooperation toward common goals.

Military globalization has promoted cooperation in the fight against terrorism.

Disadvantages:

Political globalization has created tension among countries with competing ideologies. More powerful
countries often try to force their ideologies on less powerful countries.

Globalization has given multinational corporations more lobbying power and has allowed them to
influence political decisions in ways that benefit business over people and the environment.

Economic Development

Advantages:

Employment opportunities in developing countries have increased through global business expansion.

The existence of an international market has encouraged competition and impacted consumer prices in a
positive way.

Disadvantages:
Globalization has helped to widen the gap between the poor and the wealthy in some countries.

Employment opportunities in developed countries have decreased due to outsourcing.

FURTHER READING:

https://plato.stanford.edu/entries/globalization/

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MRKIRSCHNER eNotes educator| CERTIFIED EDUCATOR

Globalization is the process of achieving an international marketplace for goods and services. It is an
attempt to minimize the effect of national boundaries as a deterrent for trading materials. It is
characterized by loosening of legislation that hampers the export of goods. Companies can manufacture
and sell goods in a variety of different countries. Large multinational corporations are the biggest players
in globalization.
The advantages of globalization are generally felt in more developed countries. The consumer benefits
the most in terms of prices and the variety of goods and materials available for purchase. Companies can
generally achieve lower operating costs through globalization. This sometimes happens by exploiting
labor from underdeveloped countries. An advantage for developing countries is the introduction of new
technologies and business models that may help in their efforts at modernization.

Globalization also comes with a downside for both developed and undeveloped societies. For
undeveloped countries, the exploitation of labor and resources by multinational corporations can be
seen as a deterrent to economic progress. Countries may become overdependent on the goods and
services of another country which can lead to international disputes and warfare. This has been a theme
of the modern Middle East as the major supplier of petroleum. Another negative of globalization is that
economic conditions like recession may impact other countries as all of the nations become
interconnected. For developed countries, the loss of manufacturing jobs is a real issue as companies
pursue labor sources that are cheaper.

FURTHER READING:

https://www.enotes.com/homework-help/what-globalization-l...

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