Introduction
One facet of how countries from different regions of the world are connecting more is called globalization. Since the beginning of civilization, neighbors have traded goods. As civilizations developed, people could travel farther and exchange their items for those from other cultures that were more desired.
Therefore, factors such as cutting-edge technology, transportation, global banking, and the media shape interconnectivity. Social, political, and economic changes might be complex, but can also be advantageous. Thus, globalization eventually affects communities and society in evil ways.
Influences of Globalization
For instance, globalization may boost the economy and raise living standards while posing risks to the economy’s health and to employees’ welfare. In CNN’s video, Pope Francis claims that “if globalization tries to make everybody even as if it were a sphere, that globalization destroys the richness and the specificities of each person and each people” (2015). Globalization has helped the economies of emerging and industrialized nations by creating markets for products and services. The 2008 financial crisis has cast doubt on the theory of free markets (Theresa May’s full speech, 2018). It faced challenges from the worries of individuals who felt left behind by globalization, concerns about the speed and scope of technological development, what it would mean for jobs, and the unprecedented mass migrations of people across borders.
Gross Domestic Product (GDP), typically expressed as a percentage, is the most common measure of economic growth. By aiding and abetting emerging nations by providing loans to strengthen their economies, globalization has encouraged peace among nations. Governmental bodies, including state and federal agencies, must follow specific processes before taking any action that could impact a person’s life, liberty, or property under the Fifth and Fourteenth Amendments’ due process clause (Cooney & Sjostrom, 2012).
Some of the greatest minds of our time, such as Mark Zuckerberg, believe that those changes opposing forces of authoritarianism, isolationism, and nationalism are those of freedom, openness, and the global community (Doubek, 2017). Due to interactions among diverse groups, globalization has altered culture, leading to new norms hostile to some groups. However, because most of our professions have been replaced by robots, the media has affected the third generation, making them lazy.
People’s lives have also been affected by problems such as rising crime, moral decay, and joblessness stemming from population growth. It would seem that the globalization of personal freedoms and human rights seldom offends any justifiable need for cultural self-preservation (Franck, 2001). Due to rising unfair commercial practices, the world market is now more vulnerable.
Conclusion
In conclusion, globalization brings nations from diverse parts of the world through various means, including cutting-edge technology, global finance, transportation, and the media. It may positively influence the economy and living standards while posing hazards to the economy’s health and the welfare of its workforce. As such, it can positively and negatively affect communities and society.
The most popular measure of economic development is the Gross Domestic Product (GDP), and globalization has promoted international harmony. Globalization affects and is impacted by politics and culture, even though it is usually described in economic terms. Although some commentators caution that globalization may harm local economies and certain workers, it has typically been shown to enhance living standards in developing countries.
References
Cooney, J. F., Tran, M., & Sjostrom, K. (2012). Know your rights: A guide to the United States Constitution. CreateSpace Independent Publishing Platform.
CNN. (2015). Pope Francis shares his thoughts on globalization. YouTube.
Doubek, J. (2017). Mark Zuckerberg tells Harvard graduates to embrace globalism, ‘A sense of purpose’. NPR.
Franck, T. M. (2001). Are human rights universal? Foreign Affairs, 80(1) 191-204.
Theresa May’s full speech at the U.N. General Assembly. (2018). The Washington Post.