The concept of globalization especially in the book “The World is Flat”, is to level or to make flat the plane of commerce. To some this is a great idea because it gives more opportunity to participate in the buying and selling of products. Globalization could indeed solve the problem of poverty being that it offers equal opportunities to produce revenue. Mike Collins says, “The proponents of global free trade say that it promotes global economic growth, creates jobs, makes companies more competitive, and lowers prices for consumers” (Collins). Another positive thing about globalization is that it promotes social and cultural awareness. The interaction with other countries allows them to amalgamate, causing a deeper understand of other peoples and cultures. Finally, globalization creates a better market so that you can literally get almost anything from any where.
Even though there are benefits to globalization, there are also disadvantages. For example, it is said that globalization only helps rich people. Investors, entrepreneurs, benefit immensely but it is not beneficial for those that work for them. In addition to this, globalization has led to unfair working conditions such as child labor, over worked employees etc. Also, globalization does not even seem to be a good thing for most of the world. Collins states, “The UN Development Program reports that the richest 20 percent of the world’s population consume 86 percent of the world’s resources, while the poorest 80 percent consume just 14 percent.” Also globalization is thought to contribute to environmental issues.
Collins, M. (2010, June 10). The Pros And Cons Of Globalization. Manufacturing . net. Retrieved April 24, 2014, from http://www.manufacturing.net/articles/2010/06/the-pros-and-cons-of-globalization
The Globalization Website – Issues. (n.d.). The Globalization Website – Issues. Retrieved April 24, 2014, from http://sociology.emory.edu/faculty/globalization/issues01.html