Benefits & Costs of Globalization Argumentative Essay by Champ

Benefits & Costs of Globalization
This paper examines the benefits and costs of globalization.
# 99029 | 1,455 words | 7 sources | MLA | 2007 | US

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In this article, the writer notes that in the past few decades, rapid advancements in technology have emerged, boasting new levels of global interconnectedness. The writer points out that this globalization has sparked a revolution in information technology, dramatically and irreversibly changing both society and civilization. Globalization has brought about numerous benefits, such as the availability of information to anyone in the entire world, for a small fee. However, the writer maintains that this global interconnectedness has not come without high costs to society; it has widened the gap between the information-rich and the information-deprived. The writer discusses that it has brought about growing disparities in income, health care facilities and other measures of well being. The writer argues that globalization has come to symbolize a threat for underdeveloped nations, while economically advantaged nations have already benefited from it in ways previously thought unimaginable. This paper analyzes both the benefits and costs of globalization, and concludes with a few of the writer's own thoughts on the issue.

Benefits of Globalization
Costs of Globalization

From the Paper:

"Globalization has revealed many important benefits to society; for example, it has changed ideas about democracy, and global political movements have led to debt relief for poorer countries. Theorists have stated that globalization has helped hundreds of millions of people attain higher standards of living, beyond what they though imaginable a short while ago. The globalization of the economy has benefited countries that took advantage of it by seeking new markets for their exports and welcoming foreign investment. Furthermore, countries that have benefited the most have been those that took charge of their own destiny and recognized the role government can play in development rather than relying on the notion of a self-regulated market that would fix its own problems. In addition, many of the benefits of globalization come from the Internet, which has come to serve as a bridge between cultures and countries. The Internet is open to all at relatively low prices, and as a result, even some of the poorest countries have some access to the Internet."

Sample of Sources Used:

  • Benhabib, Seyla. (2002). The Claims of Culture: Equality and Diversity in the Global Era. Princeton: University Press.
  • Egendorf, L. (2004). The Information Revolution. MI: Green Haven Press.
  • McChesney, R. (1998). Making Media Democratic. Retrieved April 24, 2007, from
  • PIPA. (2000). Americans on Globalization: A Study of US Public Attitudes. Retrieved April 19, 2007, from PIPA Web site:
  • Postman, N. (1992). Technopoly - The Surrender of Culture to Technology. New York: Knopf.

Cite this Argumentative Essay:

APA Format

Benefits & Costs of Globalization (2007, October 28) Retrieved February 23, 2024, from

MLA Format

"Benefits & Costs of Globalization" 28 October 2007. Web. 23 February. 2024. <>