This essay Globalization Benefits and Expenses has a total of 392 words and 3 pages.
Globalization Benefits and Expenses
March 18, 2016
In this paper benefits and expenses of globalization on both developed nations and less developed nations will be analyzed . Th e living standards of the rest of the (third) world will be compared to prior standards before opening up economy or political to this branch of modernization. The United States has the largest supreme power will be compared to places with the most absolute povert y t hat decided to stay isolated like India , as well as places like Hong Kong that overturned their absol ute poverty rate rapidly by choosing inte rgration . Globalization will be defined as
I n troduction
Globalization has changed the course of how trade and economy work in the world. Multnational (MNC) companies like Microsof t , Apple, and McDonalds make high speed world wide web and fast food luxuries available to all. With distractions like silly facebook videos , new Jordan releases, and celebrity gossip readily accessible, why isn't tapping into healthcare provisions, human equality and basic needs no t that obtainable. In a corrupt dog eat dog culture , where trending distractions are proven to stupefy and assimilate the masses, globalization has proven beneficial to all countries only in comparison to its bitter alterna tive --isolation and destruction. Sub-Saharan African a nd India aret the exceptions to show that b oth an open economy and political freedom is needed to obtain the fruits of globalization . The in process of a move from isolation interdependence and intergration in trade and economy is globalization in its simplest term.
The various levels of globalization include international trade, education, healthcare , and employment and work conditions of the countries involved . Major actors in enforcing this interdependence are the United N ations and World Trade Organiz ation. Although the gap between the poor and rich and the educated and uneducated is at its highest gap ever, some would argue greater inequality is necessary for lesser poverty. Separation and c ter oncentration of absolute poverty and increase in human capital are becoming more prominent as labor drain and outsourcing rises. Soon there will be countries evenly divided between super wealthy, middle class and absolutely poor as more skillful workers in less developed countries (LDC) m ove to places with more oppor tunities.
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