Globalisation: good or bad.

Globalisation: good or bad.

Globalisation is a process of economic, social and political integration which has taken over every aspect of our everyday life through the advances of technology, transportation and communication.  It is usually perceived as a cosmopolitan and trendy thing. This phenomenon is so widely spread that for the majority of population nowadays it is unnoticeable. But some people have begun to question the consequences of globalisation and have come to the conclusion that apparently it is a detrimental thing for the world. It is claimed that globalisation is beneficial only for multinational companies with endless corporate greed. However this is a misconception. In fact globalisation gives a chance for small businesses and provides opportunities for national economics of developing countries.

The most significant advantage of globalisation is that it enables products to be produced wherever it is most efficient to do so, which implies great social and economic progress for poor countries. Basically multinational companies provide work places for many people and allow them to support their families. Besides they enable investment into less developed countries which is essential for their growth. Apart from financial equity, multinational corporations bring with them a wealth of knowledge and experience to the nations that might lack them. International companies also rent resources such as land and buildings that generate higher incomes for their owners. In their absence, people would have had fewer or much lower paying jobs, and the demand for land and other local resources would have been lower.

Another major advantage of globalisation is that it promotes global understanding and tolerance. People who come from all corners of the planet with different mindsets have become closer than ever before. Nowadays almost everyone has a chance to discover other cultures and ways of living, which  allows  to make choices for a lifestyle, which may fit better for a person. Through mass media and with the help of Internet and television people have insights into other cultures and get a perspective on various social problems that occur in poor regions of the world. 

Critics of globalisation point out that if we look beneath this surface glamour - we can see the true meaning of this term. It is nothing more than the product of the multinational corporation’s search for profit, which encourages child labour and other abuses of human rights. However, this is not entirely true. The most serious problem of all of the governments is unemployment, which leads to poverty, social crime, illiteracy, but can be easily clenched as the majority of all multinational companies cooperate with a country, while bringing their standards, culture, and lifestyle at the same time. Less developed countries get new technology and receive instructions, so that they can have a basic background to build their country and escape from the Third World.

To sum up, there are unquestionably many advantages of globalisation. It truly brings people together, expands horizons and break stigmas around certain topics. It provides the opportunity for everyone to speak up and be heard, nations can influence each other: the more developed will help those, who cry for help as no matter where the one live, he deserves a chance for a better life. And he will definitely get it because as long as we are united, we are invincible.

Elizaveta Khruleva