Wednesday, December 12, 2007
Globalization: Good or Bad?
In Thomas Friedman's book, The World is Flat, it touches on a very crucial matter that affects all sorts of classes in our society. This ideology is called globalization. From his arguments, we can gather the pros and cons of globalization and how it impacts either the company, country or individual.
In the beginning of the book, Friedman describes the evolution of globalization and how countries had to strive in an effort to globalize, followed by companies globalizing their markets, and finally in this current phase of globalization, individuals are urged to use their skills, talent and intellect to progress in the world of globalization. Even though these phases occurred during a particular period, they all correlate in our society today. Advanced countries such as the United States and China go to underdeveloped countries and help their corporations take advantage of cheap labor. Wal-Mart can be used as a prime example in which the company can manifest in growth and numerous amount of profit.
While globalization is good for low-wage countries and for corporations. It is bad for other workers such as the white-collar workers, due to the fact that they are threatened by the globalized economy; rise of machines and intellectual people from India taking their jobs (Friedman, p. 282-283). As a result, middle-class laborers and elite college students are against globalization.
In the beginning of the book, Friedman describes the evolution of globalization and how countries had to strive in an effort to globalize, followed by companies globalizing their markets, and finally in this current phase of globalization, individuals are urged to use their skills, talent and intellect to progress in the world of globalization. Even though these phases occurred during a particular period, they all correlate in our society today. Advanced countries such as the United States and China go to underdeveloped countries and help their corporations take advantage of cheap labor. Wal-Mart can be used as a prime example in which the company can manifest in growth and numerous amount of profit.
While globalization is good for low-wage countries and for corporations. It is bad for other workers such as the white-collar workers, due to the fact that they are threatened by the globalized economy; rise of machines and intellectual people from India taking their jobs (Friedman, p. 282-283). As a result, middle-class laborers and elite college students are against globalization.
Comments:
<< Home
There are good and bad aspects of globalization. What is the role of the digital revolution in speeding the globalization of commerce and trade? How can this same digital revolution be used to limit the costs of this economic globalization?
Post a Comment
<< Home
