Globalization is a very controversial issue. But what are the benefits and what are the disadvantages? And the most important question: What predominates?
Now, I will contrast some pros and cons for you to visualize whether globalization is positive or negative.
Pros:
– the consumer has the option to buy commodities which are cheap and simultaneously of good quality
– formation of new international outlets (e.g. for the German economy)
– more prosperity for poor countries (e.g. 3rd world countries) à faster development
– the consumer can buy e.g. fruits which cannot be cultivated in his/her home country
– more competition à less monopolies
– the world grows together (more cohesion) à easier to combat mutual problems (e.g. terrorism)
– globally considered: more workplaces
– more possibilities concerning professions à more chances
– better quality of the products because of enhanced competition
– better co-operation e.g. of specialists
– international division of labour
– increasing free world market
– promotion of technical progresses: new technologies in regard to communication, information and transport
Cons:
– rationalizations à downsizing; particularly in industrial countries
– fast transmission of crises around the globe
– stressor for employees (high pressure because of intensified competition)
– small businesses cannot exist anymore
– economical dependence
– spreading of (especially) western moral conceptsà cultures get lost
– unfairness concerning the wages: employees in eastern regions get exploited
– also the wages in the industrials states drop à threat of shift
– raw materials become more expensive/ rarer, because the requirements rises also in newly industrializing countries like China or India
– dangers for environment and climate: the energy consumption gets higher and higher;the worldwide transport of goods causes high CO2 emissions à No environmental constrains for factories in countries like China
Conclusion:
Weighting the pros and cons I come to the conclusion, that globalization seems to be necessary for the enterprises to resist in the free economy market But: more and more workplaces in the west (e.g. in Germany) get lost and so in my opinion a continuing development could be chancy. Presumably, in several years production locations are completely shift in the eastern regions and in Germany, for instance, this economic factor will cease to apply. This would have enormous effects on the German economy.
Another reason why I am not a supporter of globalization is the environmental aspect. Globalization is, among other factors, responsible for our environmental problems like the hole in the ozone layer and the climate change.
Finally, everybody has to decide on his or her own if he/she is a supporter or an adversary of globalization. I think that this decision depends greatly of one’s individual life situation; that means if you are for example a principal of a firm, a Chinese worker or a German employee.