Globalization? Good or bad?

Well, guys , I think it is a argumentative topic to discuss as it doesn't got an exact answer yet,
so here just say your opinion and GIVE REASON/EXAMPLE TO SUPPORT YOUR POINT(S)!!

I want to discuss this here because people here from different countries so we can look at this thread from different point of view, cuz you know, different countries influenced by globalization in various ways, it can be good it can be bad, the influence of globalization in a country depends on the country herself.

Globalization – the growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in China, India, and other countries that were poor 20 years ago, has been a positive aspect of globalization. But globalization has also generated significant international opposition over concerns that it has increased inequality and environmental degradation, etc.

so start and discuss !!

people that work in the sweat shops are getting paid a pittence for what they do, and they are the people that work the longest hours in the worst conditions. most of them don't have a choice, it's either that or starve...but the amount of money they have to pay back on other things, they are starving, and it annoys me how big companies exploit people and then sell their goods to the population that knows no different...and it's not even that they're selling their goods for a cheap, fair price...

yeah,,,you've mention the main downside effect of globalization, when the LDCs or developing countries are not being geting ready to the globalization, what i mean is that when both their economy system and political system are not mature enough for the investment from foreign cmpanies, shit will happen, corruption, monpoly of market happen and people in those countries would facing unemployment, and what's more the whole economy system would collapse(those can be seen in small west Africa)
international companies are using golablization as an excuse to use cheap labour in LDCs for maximize their profit and starve those local people, that's the dark side of globalization, but as globalization is a world trend, we can retard it, how can we reduce or even eliminate those adverse effect??

*brings back*

Globalisation is going to take a huge toll on the variety and different cultures of the world. I don't like it.

Its already taking a toll. Maybe Eastern countries are gettin' a fresh coat of white paint.

I think that globalization just is...so...dull. When you go someplace you've never been before, most people don't like seeing a McDonalds or whatever.

Also, I do believe that globalisation was one of the factors to the Bhopal incident.

I mean, sure dude, it gives them work but at what price? Never mind the shoddy wages...if they get paid at all...but their health rapidly plummets and oh, guess what, they can't afford a doctor because you're paying them pretty much nothing!

[/rant]

Globalisation can have its economic plus's. Mainly through specialisation. Which benefits a lot of countries. Say country A, its really efficient at producing product X, and less efficient at producing product Y. Whereas country B, is more efficient at producing product Y, than it is at product X.

Each country can then sell its surplus supplies of the product they have more of, so that each country has enough of what it needs and can both make a profit.

In some respects, this can be necessary for countries that cannot domestically produce vital resources such as oil. Which means they have to import.

In terms of outsourcing jobs to places such as china and india, where wages are much lower than in the western world, has benefited us, in that it has kept inflation low for a long time, leading to a long-term period of economic growth. Though some economists are arguing that outsourcing has reached its potential and can no longer supress inflation.

Dom:

In terms of outsourcing jobs to places such as china and india, where wages are much lower than in the western world, has benefited us, in that it has kept inflation low for a long time, leading to a long-term period of economic growth. Though some economists are arguing that outsourcing has reached its potential and can no longer supress inflation.

And what benefit does that give us? Asian countries where half the population is just on the poverty line will not be helped by Western countries manipulating us for our work force.

Outsourcing has helped India a lot with the unemployment problem. But its starting to hurt in other ways. For one, everyone's like "Oh, all the IT jobs are coming here. Let's do a B.Tech course and get an IT job!". And of course, only the realllllly good people get taken, so there's an assload of useless computer majors floating around.

And then call centers. A lot of young people took jobs in call centers and made a lot of money. They required a college degree. But now they're taking high school graduates and paying them less. That puts the college people on the streets again, hunting for jobs.

Jobs wouldn't be a problem in Asia in the first place if the countries had been left untouched by the Western countries. Once multinational companies set up factories in thrid wolrd countries for the benefit of lower wages and a more docile work force, more people move to the factories for the hope of earning an extra what, 25 cents? It means a lot until the economy rises due to an increase in trade to these countries in exchange for their work force. Services are now needed to be paid for, prices rise higher ang higher. Not only do people need more money, they demand it. Then the company just abandoms their workers who depended so much on their jobs. At the time, to get a job you need proper schooling and education which these people didn't get. They are left with nothing.

Why bother going to Asia to look for poor people who can be maniplulated into call centre jobs?. The last time I checked, we have plenty of poor asian people here in the UK who can do that too. I'm being serious. Plus, there are poor british people and other poor europeans also, so you know, it must make more sense to use them rather than set up in India or something.

Bloodraine:

Why bother going to Asia to look for poor people who can be maniplulated into call centre jobs?. The last time I checked, we have plenty of poor asian people here in the UK who can do that too. I'm being serious. Plus, there are poor british people and other poor europeans also, so you know, it must make more sense to use them rather than set up in India or something.

Often the materials are manufactured abroad in these places. To set up factories there, closer to the production of the materials would minamize transportation costs. Also Asia has a 'docile work force'.

Anyway, poor Europeans like Ukranians are being used for factories as well.

Anji:

Dom:

In terms of outsourcing jobs to places such as china and india, where wages are much lower than in the western world, has benefited us, in that it has kept inflation low for a long time, leading to a long-term period of economic growth. Though some economists are arguing that outsourcing has reached its potential and can no longer supress inflation.

And what benefit does that give us? Asian countries where half the population is just on the poverty line will not be helped by Western countries manipulating us for our work force.

its not right for them to be manipulated, however their economies would suffer greatly if all these western countries shut down their factories. Look at china, outsourcing has caused huge growth, with a big increase in share prices, helping people make big dividends ( i dont necesserily advocate this, its just a point of view).

lyrical_mess:

Outsourcing has helped India a lot with the unemployment problem. But its starting to hurt in other ways. For one, everyone's like "Oh, all the IT jobs are coming here. Let's do a B.Tech course and get an IT job!". And of course, only the realllllly good people get taken, so there's an assload of useless computer majors floating around.

And then call centers. A lot of young people took jobs in call centers and made a lot of money. They required a college degree. But now they're taking high school graduates and paying them less. That puts the college people on the streets again, hunting for jobs.

competition for work isnt a problem isolated to india, its a problem in most countries i guess.

Bloodraine:

Why bother going to Asia to look for poor people who can be maniplulated into call centre jobs?. The last time I checked, we have plenty of poor asian people here in the UK who can do that too. I'm being serious. Plus, there are poor british people and other poor europeans also, so you know, it must make more sense to use them rather than set up in India or something.

Businesses will have obviously done the necessary research before deciding where to set up production, if it is cheaper to employ people in this country they would have done, here we have the minimum wage, regulations and trade unions driving wages and costs up. These arent existent in places like china and india and businesses take advantage of this.

Dom:

Anji:

Dom:

In terms of outsourcing jobs to places such as china and india, where wages are much lower than in the western world, has benefited us, in that it has kept inflation low for a long time, leading to a long-term period of economic growth. Though some economists are arguing that outsourcing has reached its potential and can no longer supress inflation.

And what benefit does that give us? Asian countries where half the population is just on the poverty line will not be helped by Western countries manipulating us for our work force.

its not right for them to be manipulated, however their economies would suffer greatly if all these western countries shut down their factories. Look at china, outsourcing has caused huge growth, with a big increase in share prices, helping people make big dividends ( i dont necesserily advocate this, its just a point of view).

It's a majority point of view which sadly enough is false. The Chinese empire thrived for nearly two thousand years, completely isolated from any superior society in the West. The fact is that most people just want a lot of money when infact that isn't what is needed. It's possible for people to continue working as farmers, cattle ranchers, blacksmiths, and so on so forth on good money nowadays, so long as they aren't interferred with, which is what happened at the beginning of the 19th centuary. Isolated economic markets are possible for countries like China. The problem is that globalisation promotes urbanisation which in turn means that old practices used in the country have been lost. Should those be picked up again, China would not need multinational factories for a source of wages. They could potentially fare well on their own, with just an international trade market, really.

But, I never studied Economics or Business Studies, even though Geography is just as informative in those subjects.

In my opinion, the only thing holding the country back is the ideal of a perfectionist Western society, similar to those ideals in the 50's of a white picket fence America. They don't want to accept their national identity because advertising especially, promotes the Western way of life.

Okay. lets say for example India. A factory is built in India for some generic company. The people can either work there and have enough money to feed themselves and their family, maybe a little more. That or they work as a rice farmer making very little and living on rice. There is also the argument that globalisation is destroying local culture by reducing the amount of local businesses. However, as long as those small amount of businesses survive, the culture is there for those who wish to find it.