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When analyzing the pure data, you can see that almost every successful instance of development economically, within this century, in particular, has done so through globalization. According to Ghanian diplomat, Kofi Annan, “arguing against globalization is like arguing the laws of gravity”. In its most basic meaning, globalization is simply a process through which goods, ideas, even people move throughout the globe, this, in turn, stimulates integration within the otherwise very different governments, economies, and cultures around the world.
Although globalization has an effect on those other factors, it tends to hyperfocus on growing the economy.
Its objective desires beneficial outcomes for individual economies globally by streamlining markets, expanding competition, inhibiting military discord and an overall equalization of spread wealth. Much like Adam Smith, I believe that, when carried out properly, economic globalization is a valid solution to much of the inequalities among or within countries. This is evident in Oxford University Press's Academic Insights for the Thinking World’s “The power of globalization: Singapore’s economic rise”.
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Although globalization has many benefits in foresight, those with opposing viewpoints might say, through globalization, we use the earth finite resources, such as coal at a rapid pace, therefore, there is increase in world carbon dioxide emissions. Even with the importing and exporting of produce, globalization leaves behind a hefty footprint. With globalization, meat is imported from Brazil into the US, and Thailand imports fish. Mexico grown onions go to Ireland and lettuce from Los Angeles to London. This trend of “global dining” according to the Worldwatch Institute, is estimated to burn around 17 times as much oil as eating locally.
Opposers might also say that the migration of jobs from developed countries to underdeveloped countries takes place. A country that offers much lower wages and worker benefits along with cheaper energy resources and liberal pollution rules is more likely to garner not only an influx of jobs but also foreign investment into the country. A great example of this being in 2001, the number of employed US citizens conveniently began to decrease when China became a part of the World Trade Organization. This point is also synonymous with Karl Marx’s statement in Estranged Labour, “...The worker sinks to the level of a commodity and becomes indeed the most wretched of commodities; that the wretchedness of the worker is in inverse proportion to the power and magnitude of his production”.
Although these claims that might be made by opposers are well and valid in their own rights, it's important to highlight that in regard to the carbon footprint of globalization, in a global sense sometimes “'local” does not always mean efficient. When data from the UK Cranfield University’s researchers is analyzed you actually see that, the CO2 emitted to import roses organically grown in Kenya to Holland is far less than if someone were to purchase the roses locally grown in Holland in high energy consuming hothouses. And due to the point of fact that many third world crops do not already require pesticides and petroleum fuels, ecological outsourcing can actually provide a reduction in harsh environmental impacts.
Benefits of Globalization And Reducing cFootprint. (2022, Mar 28). Retrieved from https://studymoose.com/benefits-of-globalization-and-reducing-cfootprint-essay
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