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For -- it allows for more overall production in the world economy. This raises standards of living for all countries.
Against -- it is harmful to specific industries or sectors in specific countries. These industries are outcompeted by foreigners (sometimes unfairly), leading to serious human consequences.
For: It provides for cheaper more accessible products around the world and spreads prosperity to more people on Earth.
Against: It exploits labor and damages the environment by moving jobs to countries with low or non-existent labor and environmental standards.
One other benefit of globalization is the interrelatedness of countries. This fact alone will be a deterrent for war. Why? If we are all related, war with hurt everyone.
A disadvantage of globalization is that many jobs that would otherwise stay local move abroad. Think of the situation that we are in as Americans. Most of our jobs have fled to other parts of the world. Finally, there is also the price of transportation costs. As oil prices rise, this might cause a big problem for globalization.
Globalisation is a phenomenon that, if not completely new, has definitely reshaped the world as we know it in our day and age. One of the massive arguments for globalisation is that it brings us all closer together, and makes the world a smaller place through increased interconnectedness. However, some people argue that this is a bad thing, as countries lose some of their sovereign rights because of this, as they are no longer able, or find it much more difficult, to act in a way that considers their rights alone.
Like the other posters, I believe that globalization helps to bring people and cultures together. By bringing people together, they can all benefit from the resources of other places/cultures that are not assessable to them in their native lands. Outside of that, there are some negative aspects to globalization. One, as mentioned above, is the lose of jobs to native people. Another negative aspect is the fact that nations/cultures would then be struggling to find their niche in a much larger market.
Globalization ideally is something that should be beneficial for everyone. It increases the efficiency with which all goods and services can be produced; and an increase in efficiency benefits everyone.
But globalization unfortunately doesn't seem to be working the way it should. Some examples of the reasons behind this include a manipulation of exchange rates to increase exports while harming the economy of the nation to which the exports are being made; a manipulation of environmental and labor laws that make exports cheaper while destroying the local environment and forcing local labor to work in conditions that are not sustainable in the long run.
If the world were truly a level marketplace, then globalization would be ideal. That would mean that economies were truly competing with each other, resulting in the best quality goods and services for the lowest prices. Globalization would therefore evolve if no other influences altered markets. However, as #7 states, governments are still manipulating currency and rules of import / export, so the ideal of globalization remains a mirage.
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