Title: Globalization pros and cons: economic, cultural, political - netivist
Headings: Pros and cons of economic, social and political globalization: is globalization overall positive for our societies?
Pros and cons of economic, social and political globalization: is globalization overall positive for our societies?
Channel:
Brief history of globalization
Globalization pros and cons
Economic globalization
Pros of economic globalization:
Cons of economic globalization:
Cultural globalization
Pros of cultural globalization:
Cons of cultural globalization:
Political globalization
Pros of political globalization:
Cons of political globalization:
Globalization explained (explainity® explainer video)
Voting results
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Content: Cheaper prices for products and services (more optimized supply chains)
Better availability of products and services
Easier access to capital and commodities
Increased competition
Producers and retailers can diversify their markets and contribute to economic growth
Cons of economic globalization: Some countries struggle to compete
Extractive behavior of some foreign companies and investors in resource-rich countries preventing economic diversification
Strong bargaining power of multinational companies vis-à-vis local governments
“Contagion effect” is more likely in times of crises
Problems of “ social dumping ”
Cultural globalization
It refers to the process of transmission of values, ideas, cultural and artistic expressions. In the era of the Internet and fast communications people can interact more easily with each other. Multiculturalism and cosmopolitanism are to some extent manifestations of cultural globalization. Communities are less insulated than ever in history, even those who cannot travel can have today a good understanding of other cultures and meet virtually people from other parts of the world. People change their views and lifestyle influenced by global cultural and consumption trends. Pros of cultural globalization: Access to new cultural products (art, entertainment, education)
Better understanding of foreign values and attitudes. Less stereotyping and fewer misconceptions about other people and cultures
Instant access to information from anywhere in the world
Capacity to communicate and defend one’s values and ideals globally
Customisation or adaptation of global cultural trends to local environment (“mestisage”)
Cons of cultural globalization: Spread of commodity-based consumer culture
Dangers of cultural homogenization
Westernization, cultural imperialism or cultural colonialism
Some small cultures may lose their distinct features
Dangerous or violent ideals can also spread faster (note the international character of the terror group IS)
Political globalization
The political dimension is a newer feature of the globalization debate, as over the last 30 years there has been a rise in the influence and power of international and regional institutions such as the European Union (EU), Organization for Economic Cooperation and Development (OECD), the United Nations (UN), the World Trade Organization (WTO), MERCOSUR in South America, and the Association for Southeast Asian Nations (ASEAN).