Introduction
Every day you hear it on the news, you read it in the papers, you overhear people talking about it… and in every single instance the world globalization seems to have a different meaning. What is globalization?
Globalization is about worldwide economic activity about open markets, competition and the free flow of goods, services, capital, and knowledge. Globalization has begun before World War I and was brought to a halt by the war. ...
Globalization can be an opportunity or a threat. ... Many people believe that in the long term, globalization will never suit the minority or the inferior. There are many people around the world protest against globalization. ... The revolt against globalization has continued to grow everyday.
In this term paper, we are focusing on the negative impacts because if globalization benefits some countries, it is often at the expense of other countries. Globalization does improve some country’s economies, but at the same time it also contributes to many problems: cultural, economic, environmental, political, and social.
Economic problems
In economic world, the term globalization mainly focuses on economic integration among countries and removal of trade, and barrier, such as tariff, and restriction ion order to create free trade.
Theory of globalization is claimed to increase well-being of all countries around the world. ... Trend of globalization is result in integrations of many countries such as European Union. ... If it is so, then that means globalization will only be beneficial to those who are already superior. Globalization creates dependency, in which small and less powerful countries will have to depend on those countries that are greater. ... Is it possible that if globalization continues, in the future, Thailand will be as powerful as the United States? ...
Globalization has created opportunities for some people and some countries but it has also introduced new risk for many others. ... ” (Appendix 2, 3) Trend of globalization lead manufactures in the US to move to other countries in order to find cheaper resources, such as labor and material. ... In poor countries, another threat post by globalization was the brain-drain problem. As level of globalization had increased, which make it easier for people to move from one country to another country, skill workers in poor country, are encourage to move out of the country to find better job.
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