Globalization has several benefits and drawbacks that affect
different countries. Some countries are embracing globalization as they believe
that it will bring about many benefits, while some are pessimistic about the
negative impacts. In this essay, the positive development of economic growth
and several drawbacks, namely the impact on economy, social, environment,
cultures and integration will be discussed.
Firstly, globalization has led to economic development around
the world and one key component is international trades. It has helped to boost
the economic growth in several developing countries such as Africa, where over
80% of the Africans surveyed have agreed that trade has a impacted their
country positively. Furthermore, international trades have also provided a
cheap variety of products to the consumers in the developed countries. Besides international
trades, multinational corporations are also welcomed, especially in poorer nations
around the world. However, for the wealthy nations such as America, surveys
have shown that more and more Americans believe that trade is not exactly good.
Therefore, globalization has mostly influenced the poorer countries positively
as it helps them to develop economically.
Besides economic impact of globalization, many developed
countries are increasingly worried about the negative social impact. The economic
growth through globalization might not benefit everyone in the same way. In many
countries such as China and Indonesia, the widening gap between the rich and
the poor is becoming a critical issue. Many have urged the government to play a
part and take care of the less fortunate ones in the society who are incapable
of helping themselves. Hence, one of the drawbacks of globalization is such that
some people might not benefit and would still be lacking behind others.
Furthermore, globalization has led to negative impact on the
environment. Global warming is one of the negative results of globalization. Such
environmental problems are increasing significantly and causing danger to the
world. Many economically driven countries have also come together and show
concern regarding this issue, stating that they are willing to sacrifice
economic growth for a better environment. Therefore, most countries agree that
saving the environment is a crucial issue and should be the priority.
Based on a survey done in 2007, many people are also worried
that their culture and traditions would be lost due to the effects of
globalization. The widespread of American culture and ideas, such as American
movies and music, has led to the loss of many other cultures around the world. Hence,
people are actively protecting their cultures against American’s influences.
Lastly, globalization has also led an increased in people
moving across borders to different countries. People are leaving their own
countries, primarily due to financial reasons, to look for better education and
jobs that pay higher. This has caused immigration anxieties among the citizens as
many believe that immigrants does not benefit their countries, and therefore
want tighter restrictions on immigration. This has also caused many citizens to
be unsatisfied and pessimistic about the countries’ future.
In conclusion, globalization has indeed impacted several
developing countries positively in terms of their economy. However, there are
also several drawbacks of globalization that can’t be ignored. Negative effects
on social and environment are some of the important issues that the world needs
to work on, if not, situations would go downhill. Therefore, depending on the
country, globalization can have benefits and drawbacks.