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Globalization and Its Discontents Essay

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Introduction

This paper will establish that globalization is unnecessary. The paper will examine some of the discontents making globalization unacceptable today. First, I will describe the issue of globalization as used today. This will include how economists and entrepreneurs consider globalization as a necessary force towards economic development. Next, the paper will use a moral theory to explain why globalization is not the best today.

The next thing is to apply the moral theory (utilitarianism) to establish the reason why globalization is bad. The discussion will explore the current definitions and ideas about globalization and explain how they have prevented many people from realizing their potentials. Finally, I will use the theory to justify why globalization is wrong. I will conclude the paper by welcoming the idea of “internationalization”.

Globalization Concept Review

Globalization refers to “the integration of global societies and nations”. On the other hand, “internationalization is the process of promoting relations among societies and nations”.

One weakness of globalization is that it has killed national boundaries. This has affected the establishment of sovereign states. Globalization also favors free trade and treaties. This has resulted in uncontrolled movement of goods and citizens thus affecting the stability of nations. The idea of globalization has made it impossible for people to make the best decisions regarding fiscal policies and wages. Globalization has also resulted in mergers and establishment of monopoles in different societies.

As a result, this has led to the establishment of giant corporations thus affecting emerging businesses. Globalization encourages monopolies, something that affects growing economies. Globalization forces countries to “specialize” their services and goods. This results in dependency thus affecting the lives of the citizens. The idea to enforce property rights and trade-related legislations affects “knowledge sharing”. This has affected the performance of different economies.

Applying the Ideas of Utilitarianism

According to the theory, “actions and behaviors are permissible (and right) if they produce the greatest happiness to many people”. According to utilitarianism, “morality and ethics should be impartial and therefore decisions should consider the welfare of the society”.

Impartiality calls for the continued involvement of all people and nations. As well, the theory claims that decisions and actions should present happiness to every individual. That being the case, the theory recommends the best ideas and decisions that will help reduce pain and bring happiness to the majority.

From the above justification, the utilitarian theory supports the idea that globalization is bad. That being the case, societies should promote the idea of “internationalization”.

Utilitarianism does not permit globalization because it kills boundaries and increases monopoly. Utilitarianism is opposed to actions that kill economies or promote dependency. The theory argues that more people will suffer due to lack of appropriate goods and services. Globalization also restricts “knowledge sharing” thus affecting the performance of small economies.

Conclusion

In conclusion, the moral theory encourages human beings to consider the best practices and actions that will provide happiness to the greatest majority. Kantianism is another moral theory. The theory claims that “actions should be undertaken depending on an underlying principle (maxim)”. This theory would support globalization because it results in economic development and establishment of major corporations. This becomes “the maxim” thus making globalization good.

However, utilitarianism considers globalization as evil because it fails to address the needs of many nations and their citizens. Instead, it supports monopoly thus resulting in economic imbalances. Therefore, utilitarianism requires global leaders and decision-makers to move fast and promote “internationalization” rather than globalization.

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IvyPanda. (2019, January 17). Globalization and Its Discontents. https://ivypanda.com/essays/globalization-and-its-discontents/

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"Globalization and Its Discontents." IvyPanda, 17 Jan. 2019, ivypanda.com/essays/globalization-and-its-discontents/.

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IvyPanda. (2019) 'Globalization and Its Discontents'. 17 January.

References

IvyPanda. 2019. "Globalization and Its Discontents." January 17, 2019. https://ivypanda.com/essays/globalization-and-its-discontents/.

1. IvyPanda. "Globalization and Its Discontents." January 17, 2019. https://ivypanda.com/essays/globalization-and-its-discontents/.


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IvyPanda. "Globalization and Its Discontents." January 17, 2019. https://ivypanda.com/essays/globalization-and-its-discontents/.

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