Topic > The Disadvantages of Globalization - 1583

Globalization is a difficult term to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social and cultural interactions between companies, citizens, organizations and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows for growth and participation in a global community. In contrast, negative aspects rarely receive the same level of attention. Globalization appears to be beneficial to a privileged few, but the benefits are distributed unequally. For example, the three richest people in the world own assets that exceed the gross national product of all the least developed countries and their 600 million citizens combined (Shawki and D'Amato 2000). While globalization can provide positive results for some, it can also be a high price to pay for others. Furthermore, among all those who profit or advance from actions related to globalization, there are countless others who suffer serious negative effects. Those who support globalization believe that it is a positive concept because it promotes the spread of wealth, culture, knowledge and technology. Proponents argue that the spread of information and wealth of this kind will only benefit citizens, from the poorest in developing countries to the richest in established countries. Furthermore, they argue that the integration of cultures and economies leads to the diffusion of information, which also increases religious, cultural and racial tolerance. However, despite all these well-intentioned ideas, globalization is......at the heart of the document.......edu/ejc/pdf.cgi/Ghose_Ajit_K.pdf?issn=0309166x&issue=v28i0002&article=229_giait], accessed May 19, 2012. Krain, Matthew (2005), “AP Comparative Government and Politics Briefing Paper: Globalization,” [http://apcentral.collegeboard.com/apc/public/repository/ap05_comp_govpol_glob_42253.pdf], accessed May 15 May 2012. Frank, Barney (1999), “The Correct Approach to Globalization,” Congressional Record, [http://apcentral.collegeboard.com/apc/public/repository/ap05_comp_govpol_glob_42253.pdf], accessed 17 May 2012. Shawki, Ahmed, Paul D'Amato (2000), “Briefing: The Shape of World Capitalism”, International Socialist Review, [http://www.isreview.org/issues/11/world_capitalism.shtml], accessed 19 May 2012. Stiglitz, Joseph (2005), “The Overselling of Globalization”, in Bradley A. Thayer, Nuray V. Ibrayomova (eds.), Debates in International Relations (New York: Longman), 86.