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The Cons of Globalization, an Essay Against Globalization

Uploaded by Panda05 on Dec 25, 2004


After the break-up of Soviet Union, globalization accelerated through the world. It includes the increasing integration of countries' individual economies, the rise in the world trade and multinational companies and the effect of large sums of money moving in and out of economies. People around the globe are more connected to each other then ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization". Not only the term of globalization has increased since last years, but also anti-globalization has appeared and is still increasing. Anti-globalization is the umbrella term for a group of different protest causes, including: environmentalism, third world debt, animal rights, child labor, anarchism, and anti-capitalism and opposition to multinationals. The most attacked institutions of anti-globalization protests have been especially World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank. As the big businesses are growing all around the world, anti-global activities and protests also increasing their level of intensity and violence.

Together with the collapse of communism raised the companies that expanded their sphere of business all over the world. Since the meetings of international monetary, trade and environmental organizations incited little or no interest in the past, at the present times; they are drawing the attention of thousands of anti-globalization activists. Large corporations with international undertakings stand accused of social injustice, unfair working conditions (including slave labor wages, living and working conditions), as well as lack of concern for environment, mismanagement of natural resources, and ecological damage. However, protest objectives extend beyond the claimed corporate impropriety. Multinational economic institutions, such as the World Trade Organization, the World Bank, and the International Monetary Fund, are seen as establishing, monitoring, and rendering judgments on global trade practices, and are viewed as the spearheads of economic globalization. These institutions, considering being the servants of corporate interests, exercising more power than elected governments and interested only in the profit motive, have increasingly become principal demonstrating targets.

Although multinational corporations and international trade institutions are the subject of criticism, not all observers share a negative perspective. Many commentaries are published which speak in favor of beneficial and positive accomplishments, especially...

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Uploaded by:   Panda05

Date:   12/25/2004

Category:   Business

Length:   14 pages (3,107 words)

Views:   45816

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