Globalization

Globalization

Ups

Why globalization? Because the net effect is a positive one. Globalization has helped distribute financial capital, technology and innovation around the world. It has created jobs, enabled manufacturers to boost productivity, and lowered prices for goods. Perhaps the most positive result of globalization has been the empowerment of consumers far and wide.

Problems

Cultural / political Power

Perhaps the strongest downside of globalization is that it can dominate political and cultural empathy. With it, economics drive the nation's welfare, rather than political boundaries or systems controlling that welfare. A sense of loss over control, compounded by the failure of key nations to benefit from gl...