Advantages and disadvantages of globalization
Globalization has been the means of integration and interdependence by which economic, political, cultural, social and technological processes have been modified, giving rise to a more interconnected world.
It is a dynamic process that resulted from capitalism in the search to increase production, trade and consumption, which in turn has been favored since the appearance of the internet.
However, globalization has generated a series of advantages and disadvantages that have occurred over time and that have been seen as a way to overcome limitations and offer contributions. However, it also has a counterpart whose risks are increasingly perceptible.
See also Globalization.
Advantages of globalization
Globalization has been a process that has encouraged and promoted the integration of societies through different activities that have been the driving force behind a significant percentage of human development. Here are some of the most important benefits.
- Free trade in goods and services worldwide.
- Decrease in production costs.
- Greater business competitiveness and product quality.
- Technological development that favors the levels and speed of production.
- Greater supply of employment in developing countries, since multinational companies are strategically installed in them because raw materials and labor are cheaper.
- Legislation at the national and international level has been modified in order to encourage trade, cooperation plans, legal security, commercial security, new public policies, among others.
- Greater cultural exchange thanks to the various communication channels.
- Incentive for tourist activity.
- A set of universal values is shared that cross borders and cultural disagreements.
In the social
- Human relationships have been strengthened and have been able to overcome various limitations, such as distance, thanks to technological development.
- Greater accessibility to exchange and access information of national and international interest.
Disadvantages of globalization
Generally speaking, the disadvantages that stand out from globalization are those that are creating difficulties in various areas of human development and limiting its momentum.
- Developed countries with great potential and economic scope have imposed themselves on developing countries and those with smaller economies. This generates a great economic imbalance.
- In developed countries, unemployment increases because multinational companies open offices in developing countries, where labor and raw materials are cheaper.
- Economic inequality among the citizens of a country, since large companies have greater profits and financial capacity than those of smaller size and power.
- Depletion of natural resources and raw materials in production processes.
- Globalization has been a challenge that national and international politics have had to face. In some cases, the measures taken have not been the most appropriate and, on the contrary, greater social, cultural and economic inequality has been generated.
- National identity can be negatively affected as a result of developed countries superimposing their cultures on those of developing countries, through a huge commercial and media push.
- Minority languages are lost.
- As time passes, many of the indigenous traditions are modified by incorporating new customs, generally from other countries.
In the social
- Social inequality has limited access and use of various educational, technological and economic resources in many social groups living in poverty.
- Increase in the number of confrontations between social groups that seek to vindicate their social, religious and cultural values, before those that have been implanted through globalization.