Globalization has been a movement that changed the world very drastically. In simple terms, globalization is the state where nations around the world grow more connected, more alike in a way. This can result in everyone having the same standards of living, which is a big part of why globalization is so emphasized. However, as with many things globalization can mean good or bad. The essay will discuss if the advantages of globalization outweigh the disadvantages.
In a globalized setting, some countries would expect to see multinational corporations moving in. These corporations seek laborers that are cheap to deploy and especially abundant in numbers. Capable workers may see this as a golden ticket to be rewarded handsomely. When skilled labor like these work for foreign businesses, the domestic businesses are left with potentially less capable workforce. This is a big disadvantage for domestic businesses, and these businesses could struggle more if their products are of high quality. Another disadvantage is that those same foreign businesses on behalf of creating values for the workers and customers misuse their given privileges to exploit resources and the environment of the countries they operate in. Sometimes the environment even becomes too polluted and inhabitable, like from extracting and mining.
But it is also important to acknowledge the positive impact of globalization. A solid proof is how technology has been more integral to our life than ever: the Internet of Things is a good example. Now that everything stays connected to each other, being in the proximity of one device means you can configure the rest. For example, a surgeon can operate from a remote place using a specialized device. Furthermore, the same device that’s in use for the operation can also control other appliances in a house. From nation leaders’ standpoint, globalization can mean better communication with other countries, which is another benefit. As communication between countries tends to exist in the form of exchanging goods or services, these exchanges now becoming seamless means well for the relationships between countries. And lastly, multinational companies can seek employment from various countries, providing opportunities for local people to enroll for high paying jobs. Although earlier this is made as a point to address some disadvantages, it is still undeniably an advantage of globalization.
In conclusion, there are a number of advantages and disadvantages when it comes to globalization. The advantages may outweigh the disadvantages, considering the latter are not the nature of globalization itself and can be controlled using regulations.