Globalisation; A Menace Or a Boon?

The reality is, the question whether globalization is good or bad is not black and white. But it can be inferred that the process of connecting various economies and spreading technology, ideas, and culture has done more good than harm. Globalization has posed the more overt economic, social and also political benefits worldwide. But it also comes with a small price compared to the big picture. Going global is great, but an entirely different tone was heard: Globalization is a menace to mankind. Globalization will make the powers more powerful but the weak weaker and the poor poorer. Critics argue the dark side of globalization stems from multinational corporation's violation of human rights in factories On the other hand, taking international trade as an example, on the one side, it provides the residents of both trade countries more chances to enjoy new products which they maybe never encounter if they do not travel in another country. Besides that, the processing progress of products also provides a large number of employments opportunities for the local habitants. My own reaction has been to move away from the globalization good-good vs. globalization-bad debate. To me, it's more important to deal with globalization's fundamental challenge: making sure that we spread around the gains that it generates from trade, so that everyone is better off. Thinking about how to manage the transition to a more globalized world could be a lot more productive than just shouting at each other.

Pablo Sainz