Thursday, October 1, 2015

Globalization: Pro and Con


Globalization has both a positive and negative side, depending on how you look at it. For some, globalization is the expansion and expression of capitalism worldwide. You can make as much money as possible based on how well your company does. Globalization has allowed trade to expand globally, because of the invention of the internet. Once these people start to gain a profit, the wealth will end up trickling down to the poor and the government will collect more taxes. Others say that this worldwide capitalism only creates an economic rift. The rich can continue to get richer, and the poor can only get poorer. To create a business, you must first have the resources to start one. In many third world countries, this is a near impossible task. You must also have the means to expand globally, which means having internet access and he means to ship globally. Inevitably, the core countries then end up becoming stronger, while underdeveloped countries become weaker. Arguing about whether globalization is positive or negative is pointless because it is inevitable, and has been occurring for centuries.

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