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When discussing the drawbacks and benefits of globalization, essays tend to be on the longer side. The example below is a brief exploration of this complex subject. Learn more in this concise globalization pros and cons essay.
In today’s world, globalization is a process that affects all aspects of people’s lives. It also has a crucial impact on businesses and governments as it provides opportunities for development while causing significant challenges. This paper discusses the advantages and disadvantages of globalization using evidence from academic sources. The report also suggests how governments and companies may implement to reduce the negative impact of the process.
Globalization is a complex concept that can be defined by the process of interaction between organizations, businesses, and people on an international scale, which is driven by international trade. Some people may associate it with uniformity, while others can perceive it as the cause of diversification. The reason for such a difference in public opinion is that globalization has both advantages and disadvantages that should be analyzed.
The most significant positive aspects of globalization include global economic growth, the elimination of barriers between nations, and the establishment of competition between countries, which can potentially lead to a decrease in prices. Globalization supports free trade, creates jobs, and helps societies to become more tolerant towards each other. In addition, this process may increase the speed of financial and commercial operations, as well as reduce the isolation of poor populations (Burlacu, Gutu, & Matei, 2018; Amavilah, Asongu, & Andrés, 2017).
The disadvantages of globalization are that it causes the transfer of jobs from developed to lower-cost countries, a decrease in the national intellectual potential, the exploitation of labor, and a security deficit. Moreover, globalization leads to ecological deficiency (Ramsfield, Bentz, Faccoli, Jactel, & Brockerhoff, 2016). In addition, this process may result in multinational corporations influencing political decisions and offering unfair working conditions to their employees.
Firms and governments can work on eliminating the negative effects of globalization in the following ways. For example, countries should work on microeconomic policies, such as enhancing opportunities for education and career training and establishing less rigid labor markets. In addition, governments can build the necessary institutional infrastructure to initiate economic growth. To solve the problem of poor working conditions, it is vital to establish strict policies regarding minimum wages and the working environment for employees. A decrease in the national intellectual potential may be addressed by offering a broad range of career opportunities with competitive salaries, as well as educating future professionals on how their skills can solve problems on the local level.
Companies, in their turn, may invest in technologies that may lead to more flexible energy infrastructure, lower production costs, and decrease carbon emissions. They can also establish strong corporate cultures to support their workers and provide them with an opportunity to share their ideas and concerns. Such an approach may eliminate employees’ migration to foreign organizations and increase their loyalty to local organizations. It is vital for companies to develop policies aimed at reducing a negative impact on the environment as well by using less destructive manufacturing alternatives and educating their employees on ecology-related issues.
Globalization has a significant impact on companies, governments, and the population. It can be considered beneficial because it helps to eliminate barriers between nations, causes competition between countries, and initiates economic growth. At the same time, globalization may result in a decrease in the national intellectual potential, the exploitation of labor, and ecology deficiency. To address these problems, organizations and governments can develop policies to enhance the population’s education, improve working conditions, and reduce carbon emissions.
Amavilah, V., Asongu, S. A., & Andrés, A. R. (2017). Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries. Technological Forecasting and Social Change , 122 (C), 91-103.
Burlacu, S., Gutu, C., & Matei, F. O. (2018). Globalization – Pros and cons. Calitatea , 19 (S1), 122-125.
Ramsfield, T. D., Bentz, B. J., Faccoli, M., Jactel, H., & Brockerhoff, E. G. (2016). Forest health in a changing world: Effects of globalization and climate change on forest insect and pathogen impacts. Forestry , 89 (3), 245-252.
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CSS, PMS Essays | Pros and Cons of Globalization for Pakistan | Best for CSS, PMS Current Affairs, Pakistan Affairs, and Essay Papers
The essay is attempted by Iqra Ali on the given pattern, which Sir Syed Kazim Ali teaches to his students, who have consistently been qualifying their CSS, PMS essays. Sir Syed Kazim Ali has been Pakistan’s top English writing and CSS, PMS essay and precis coach with the highest success rate of his students. The essay is uploaded to help other competitive aspirants learn and practice essay writing techniques and patterns.
Introduction
What is Globalization?
What are the Positive Impacts of Globalization?
Economic Merits
Political Merits
Socio-Cultural Merits
What are the Negative Impacts of Globalization?
Economic Demerits
Political Demerits
Socio-Cultural Demerits
Critical Analysis Conclusion
Globalization- the unhampered flow of products, technology, information, and jobs across national borders and cultures- has transformed the world’s economy, politics, society, and law, except in Pakistan. Although the country has been one of the founding members of the World Trade Organization (WTO), globalization has not been a choice but an obligation for it under the conditions imposed by international organizations, mainly IMF and World Bank. However, having been hailed with untapped natural and young human resources and its strategic location between energy sources and consumer nations of a population of three billion, Pakistan has procured a golden opportunity to unleash its true potential due to globalization. Free trade opportunities and technological advancements have helped the country grow economically and socially. For instance, the development of the China-Pakistan Economic Corridor has enabled it to become an essential player in the geo-economic arena in South Asia. The national talent of art, music, and food has also brought international recognition in the contemporary globalized world.
On the other hand, Pakistan, being an underdeveloped country, has faced multiple challenges due to globalization, among which the threatened sovereignty is the deadliest. Since Pakistan has not made any economic or political policy without the constraints of international organizations and the superpowers it is indebted to, it is being exploited in the international market. The lack of infrastructure, inept leadership, deficient awareness of technology, and the shortage of education are also some hurdles that make the country far less competitive than other globally successful countries. Moreover, the unbridled Westernized culture- promoted vastly by media-is diminishes the essence of traditional and religious norms, taking the country’s norms from collectivism to individualism. The accelerated free movement of drug cartels and terrorists is another negative outcome of globalization in the country. Hence, globalization has made Pakistan a hybrid state, trying to balance liberalism and conservatism. It is high time some strategic changes should be made in the economic and foreign policies of the country so that the best progress could be brought about from globalization leaving behind the drawbacks. As it is aptly said by Mahbub ul Haq- a Pakistani economist, “Globalization is no longer an option; it is a fact. Pakistan must either learn to manage it far more skillfully or drown in the global cross currents.”
In literal meaning, globalization means the transformation of local or regional phenomena into global ones. Since it is a multidimensional process impacting every walk of life, its elucidation varies widely in the literature. For instance, in the economy, globalization is the process through which national economies- to a greater or a lesser extent- absorb into a single global economy. Likewise, cultural anthropologists define globalization as a global flow of information, commodities, images, etc., to flatten out the cultural differences between nations, individuals, and regions. Global warming is the inclination of national policy-making concerning international organizations on political grounds. According to John B. Larson, an American politician and businessman, “ Globalization is not a monolithic force but an evolving set of consequences – good, bad, and unintended. It is a new reality.” So, it is not wrong to say that globalization is the most globalized term.
Covering a wide range of distinct socio-politico-economic trends, globalization has greatly influenced Pakistan negatively and positively. To begin with the pros, it has revolutionized Pakistan’s economy the most. The free market economy has bolstered the size of the country’s market for exports and Foreign Direct Investment, which has aided development. Like many underdeveloped countries, Pakistan’s economy has remained highly regulated and protected for the first three decades of its establishment. However, constrained by the domestic economic situation, the pressure of international organizations, and the conditions of the world economy, Pakistan started liberalizing its economy in the 1980s. Hence, today Pakistan’s economy is more liberal than it was a few decades ago, with an increasing role of the private sector in economic development. The development of multiple foreign projects in the country- including the China-Pakistan Economic Corridor and the increasing rate of immigration of Pakistani natives to other countries- is the overt manifestation of the country’s free-market economy, which has not only increased the real capital of the country but also contributed in its institutional developments. Another positive effect of globalization is greater and easier access to products at increasingly cheaper rates. Since liberalization allows multiple national and international companies to sell goods in the country, it has created a competitive environment for the survival and success of businesses. Hence, People have procured the most from free trade since they can buy goods at more affordable rates and, thus, a higher standard of living. Additionally, globalization has increased access to technology and innovation in Pakistan. Through the rapid spread of technology in the region, there is more room for competitive domestic industries to produce quality goods for the locals and export. Putting it briefly, globalization has brought miraculous advancements in the economic progress of Pakistan.
Moving Further, Globalization- through the quick availability of the internet and interstate communication- has turned the wave of the political culture of Pakistan. It has changed the state-centric views of politics and increased democratic cooperation. Although Pakistan has been a democratic country since its inception, the inept leadership, prevailed corruption, and unnecessary military interventions have made it more of an authoritative government, leaving democracy in the name. However, the globalized media approach has made the citizens aware of their rights and enabled them to revolt against authoritarian rulers. Hence, the rules and policies are now more transparent, and the leaders are more accountable for their performance. Along with national awareness, globalization has helped bring awareness to international issues, including environmental problems. The agreements are made through international non-governmental organizations. Being one of the biggest endorsers of environmental policies, Pakistan has helped a lot in managing climate problems. Recently, the country has made a record in the world’s most ambitious afforestation efforts through a Ten Billion Tree Tsunami spread Policy over Five years. As a result, it has gained an exemplary position for saving the environment worldwide, all thanks to globalization. In short, globalization is not the hope of the people yearning for their rights only, but it has also brought significant awareness in sorting out international problems through international collaborations.
Besides, globalization has introduced the culture of Pakistan all over the world, creating a colourful image of the country internationally. The land, of pure-like every society- has its own rich and unique culture, traditions, norms, and way of life. Many deep-rooted desi traditions, cuisines, art, and music, run in the blood of Pakistani nationals. They have preserved their culture throughout history and manifested it worldwide through globalization. The Pakistani music genres of folk music, traditional Ghazals, and synchronized Qawwali and Western music by the world-renowned Nusrat Fateh Ali Khan are recognized beyond boundaries. Likewise, border-free travelling has opened the way for students to travel to other counties for higher and more competitive education in many of the world’s best universities. Since there becomes a great chance for people to learn, work, and earn equally without geographical boundaries, globalization-resultantly-has helped alleviate global poverty. Briefly, globalization has not only introduced the culture of Pakistan to the world but has also made education and job opportunities easily available for the state’s people.
“Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital – the world’s best talents and greatest ideas .” -Jack Welch, an American business executive
Although globalization has multiple positive impacts, it is every benefit comes with a caveat. It has posed significant risks to developing countries, including Pakistan, by greatly benefiting Multinational corporations and prosperous governments. First, the threat of globalization leads to the domestic loss of business and jobs. In Pakistan, living depends on tech-based products imported from developed countries. Additionally, foreign-invested companies in the already low-employed country tend to provide international goods, thus, destroying the local business. Thus, the state’s economy depends on foreign direct investments, imports, or even debts with high-interest rates. According to the World Bank, the external debt of Pakistan has been raised to sixty-six million USD from 2002 until 2021. As a result, the country has been bound to make its economic and foreign policies under the obligations of the global economy regulating bodies like the World Bank and the International Monterey Fund. Additionally, globalization has been disastrous for the country’s working class. They are exploited to work at significantly lower wages in both the foreign-invested business within the country and as labour in other countries. Advancement in technology has further aggravated the risk of unemployment for workers. Hence, economic globalization has led to income inequality, making Pakistan more dependent on other powers. As it is aptly said by Winnie Byanyima, Executive Director of Under-Secretary-General of the United Nations- UNAIDS, “The widening gap between rich and poor is not just a natural phenomenon . It is a sign that much of what we have been doing, especially in terms of models of economic growth, has been wrong.”
On political grounds, one of the most preponderant demerits of globalization is the threatened sovereignty of the state. National sovereignty is at stake due to unnecessary interventions of international organizations and multinational companies in state affairs. Pakistan is a highly affected victim of politically and economically stable international political alliances due to its significant economic and significant dependency on international organizations and world powers. As a result, the country’s leaders are made to feel that they lack decision-making ability and are persuaded to modify the structure of their government. Consequently, the stronger nations are trying to overrule the land of the pure by being directly or indirectly involved in its political independence as a state. For instance, America has been using the land of Pakistan for its vested interest in the Afghan war and, subsequently, in the war on terror. Hence, globalization has demolished the national political structure of the state and led to an erosion of its national sovereignty, thus, destroying its peace.
Last but not least, globalization has badly impacted the socio-cultural diversity of Pakistan. It has hurt the state’s religious and ethical norms and demolished its multicultural beauty. For instance, the national dress of Pakistan is Shalwar Kameez. However, the Westernization of men’s and women’s dressing is degrading the country’s culture. Likewise, McDonaldization, fast-food culture, is widespread in the streets and shopping malls of the country despite its deep-rooted desi cuisine. Hence, the idea of flattened global culture has now become the imposition of Western values, beliefs, and norms on the rest of the world. Consequently, psychological problems like Xenocentrism- the belief that other cultures are superior to one’s own- and Ethnophaulism- the hatred belief for one’s nation- have drastically increased in the country. All thanks are due to globalization. Above all, it has diminished the importance of nationalism in the already shattered ethnicity of Pakistan. People from all provinces who are ready to kill their countrymen belonging to a sect and culture different from theirs are eager to adopt the Western culture. Hence, globalization creates an imbalance between patriotism and globalism. To put it briefly, globalization has badly ruined Pakistan’s cultural norms and values.
Critically, globalization is a dichotomy with both comforts and harms. However, for Pakistan, the benefits accrued from globalization are nearly nothing. It has been a sour phenomenon for its youth looking for a job since the unemployment rate is continuously growing. Additionally, infrastructure and trade have not exhibited any significant performance after globalization. Poverty incidences are also reported to be increased. Above all, the prevalent Western culture has demolished the religious and cultural norms of the Islamic Republic of Pakistan. Hence, globalization is not a panacea for whole-lot-of problems that Pakistan faces. Nonetheless, Pakistan must educate and train its people on every ground to benefit from globalization.
In a nutshell, globalization has brought multiple transformations in Pakistan. Despite being a latecomer to be encompassed in the globalized world, the country, with its geographically important location at the crossroads separating South Asia from Central Asia and the Middle East, has gained a lot of political, social, and above all economic benefits from the globalized world. However, it could not actively participate in the growing world trade of goods and services, foreign investment, technological advancements, and skill supply. The serious concern is the underdevelopment of the country’s human resources and the low skill intensity of its labour force. Unless the quality and outreach of education, training, literacy, skills, and health status are significantly improved, the country will remain handicapped in maximizing the benefits of globalization. Therefore, the challenge to be successful in the shrivelled world is not beyond the reach of Pakistan; instead, it can be achieved easily with smart policy-making and determined collective effort.
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Here are tips to help you start an essay on globalization: Conduct exhaustive research on the topic under study. Prepare an outline with all the points and arguments you wish to include in your essay. If definitions are necessary, include them at the beginning of the essay. For example, provide the definition of globalization.
If you check some of our samples, we have focused on how it creates poverty and social inequality. The point is, globalization essay topics papers may take the same outline but the concepts vary significantly. Keep in mind that globalization was majorly triggered by the evolution of a global market. Hook Examples for Globalization Essays
Globalization is a complex phenomenon that has a big influence on various fields of human life, including economics, society, and culture. Even though trade between countries has existed since time immemorial, in the 21st-century, globalization has become an integral part of the world's development. While businesses try to expand on a global ...
Globalization essay: Advantages and disadvantages of globalization; Regardless of what issue you have selected, you should follow several simple rules while writing your paper. Here are some key points for writing outstanding globalization essays: To write an excellent paper, you should work on the globalization essay outline first.
Its first positive effect is that it makes it possible for different countries to exchange their products. The second positive effect of globalization is that it promotes international trade and growth of wealth as a result of economic integration and free trade among countries. However, globalization is also associated with negative effects.
The establishment of marriage is separating at quick rate. There are more individuals moving toward separation courts as opposed to keeping up conjugal life. Globalization has extensive effect on the religious circumstance of India. Globalization has realized raising a populace who is sceptic and agnostic.
500+ Words Essay on Globalization. Globalization refers to integration between people, companies, and governments. Most noteworthy, this integration occurs on a global scale. Furthermore, it is the process of expanding the business all over the world. In Globalization, many businesses expand globally and assume an international image.
This document provides tips for outlining the main points in a globalization essay. A globalization essay should discuss how economic, political, and socio-cultural aspects have become more interconnected globally due to technological advancements. It recommends focusing on how international trade and jobs have increased, changes in world politics and the nation-state model, and the spread of ...
Tips For Starting A Globalization Essay. Carry out extensive research on the globalization topic you want to write about. Create an outline with all the arguments and points you would like to include in the essay. If definitions are required (confirm from the grading rubric), include them in the introduction.
Globalization. The term globalization means a process of increased interconnectedness among countries especially in terms of economy, politics as well as culture. The effect of globalization has been felt positively in all corners of the world this is due to the fact that it has been associated with most vital issues.
Essay on Globalisation. Globalization means the integration of economies and societies through the flow of information, ideas, technology, goods, services, capital, finance, and people. The true meaning of Globalization in a broad sense is connecting in all areas of human life. It is the process by which other companies or organizations enhance ...
Anti-Globalization Article 1: "Globalization and Unemployment". Foreign Affairs contributor, Michael Spence, covers how integrating markets negatively affects U.S. employment rates. While this article is useful for your stance against globalization, it provides a fair assessment of the issue as well.
Looking over the brighter side of facts within what globalization means to me essay, globalization has been attributed to economic prosperity namely through reduction of poverty via better allocation of the scare resources. ... explore essay structures, and figure out a title and outline for your paper. Our free knowledge base makes your ...
Get a custom essay on Globalization and Environment Essay. In essence, globalization has had commendable impact in the world, with economic development having been enhanced. Nevertheless, it has negatively affected the environment even though its impact can be changed if certain measures are taken. This paper explores the issue globalization ...
List of Essays on Globalisation Essay on Globalisation - Definition, Existence and Impact (Essay 1 - 250 Words) The word 'Globalization' is often heard in the business world, in corporate meetings, in trade markets, at international conferences, in schools, colleges and many other places.
Essay On Globalisation And Inequality (Download a pdf version of this essay) Globalisation is a process through which countries, businesses and people become more inter-connected and inter-dependent via an increase in trade in goods and services, cross-border investment and labour migration from one nation to another. Income and wealth ...
Grab these 25 excellent persuasive essay topics below! Globalization has profound positive/negative effects on the international economy. Globalization leads to depletion of resources in the low- and middle-income countries. Globalization should/should not be blamed for transfer of immoral cultures.
This essay discusses globalization and how social commentators and historians act like globalization is a new concept, but it's not. It's something that has occurred between nations for as long as nations have interacted. ... Outline. I. Introduction. a. Brief definition of Globalization. b. Brief overview of how globalization has almost ...
Eastern Telegraph Company 1901 chart of undersea telegraph cabling. An example of modern globalizing technology in the beginning of the 20th century.. The following outline is provided as an overview of and topical guide to the broad, interdisciplinary subject of globalization: . Globalization (or globalisation) - processes of international integration arising from the interchange of world ...
Globalization supports free trade, creates jobs, and helps societies to become more tolerant towards each other. In addition, this process may increase the speed of financial and commercial operations, as well as reduce the isolation of poor populations (Burlacu, Gutu, & Matei, 2018; Amavilah, Asongu, & Andrés, 2017).
CSS 2024 Solved Essay | Globalization and National Economies. Maleeha Sattar, a Sir Syed Kazim Ali student, has attempted the CSS 2024 essay "Globalization and National Economies" on the given pattern, which Sir Syed Kazim Ali teaches his students. Sir Syed Kazim Ali has been Pakistan's top English writing and CSS, PMS essay and precis coach with the highest success rate of his students.
The essay is uploaded to help other competitive aspirants learn and practice essay writing techniques and patterns. Outline. Introduction. Globalization has transfigured Pakistan socially, politically, and economically into uncharted territory. Pakistan has procured a golden opportunity to unleash its true potential due to globalization.
globalization, integration of the world's economies, politics, and cultures.German-born American economist Theodore Levitt has been credited with having coined the term globalization in a 1983 article titled "The Globalization of Markets." The phenomenon is widely considered to have begun in the 19th century following the advent of the Industrial Revolution, but some scholars date it ...