Impact of Globalization

Paper Summary:

In this article, the writer looks at the extraordinary impact of globalization upon the modern world. The writer argues that, while certainly not perfect, the permeable borders globalization makes possible is a key ingredient in making the global south and the entire developing world more prosperous than ever before. The writer maintains that more than that, the technologies associated with globalization - and their dispersal - will surely go a very long way towards reducing environmental degradation in developing lands. The writer concludes that while far from perfect, globalization does bind nations together in a manner that lessens the risk of warfare and strife and the growth of foreign direct investment and comparatively well-paying jobs in facilities built by wealthy foreign multinationals offers families in developing lands economic opportunities they would not have otherwise.

From the Paper:

"On the other hand, John A. Powell and S.P. Udayakumar claim that globalization has benefited the global north extravagantly while doing far less for those in the South. Additionally, the aforementioned writers argue that the United States, as the world's one great super-power, has pushed for a global trade agenda that is inimical to the interests of labour at home and abroad. As they see it, the USA has used its disproportionate power in international bodies such as the International Monetary Fund to push for the liberalization of trade and investment at the expense of environmental and labour-force concerns. As well, those same authors insist that democracy suffers in large measure because powerful global institutions committed to furthering the goals of capital effectively undermine the efficacy of the state while, at the same time, globalization prompts the state to serve the bidding of organized capital."

Sample of Sources Used:

• Charles, John A. "The Environmental Benefits of Globalization." URL http://www.cascadepolicy.org/..%5Cpdf%5Cenv%5Cglobalization.htm>
• Danaher, Kevin. "Globalization and the Downsizing of the American Dream."
• Palmer, Thomas G. "Globalization is Grrrreat!" Cascade Policy Institute: Feature Article. 2003.
• Powell, John A., and S.P. Udayakumar. "Race, Poverty, and Globalization." Poverty & Race. 2000.

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