Essay on Winners and Losers in Globalization - 598 Words

Globalization is an increasingly close international integration of markets for goods, services and factors of production, labor and capital. Right after the World War II, the world has witnessed a spread of markets and multilateral development from which no country can operate independently. This multi-dimensional process has different impacts on different countries, depending on the level of economic development and political influence, and it has both positive and negative consequences for human development. New stage of informational technologies, have globalized communications, creating new possibilities of communication and international development. World society tends to common solving of global problems; collectivity and†¦show more content†¦When talking about economic globalization we consider free movement of capital. That is common known truth that capital tends to the best relation of profitcost. When national markets are open it is extremely difficult to protect national industry from foreign competitors. Poland would be a great example. Polish farmers became bankrupt right after joining European Union. The cause of this was cheap and high-quality potato from Germany. Poland farmers were protected by tax on imported potatoes, but now when the gates are open nothing could stop German farmers from occupying polish market. This example can be applied for other developing countries. Lack of technology, convenient equipment and unqualified human resources often make those countries uncompetitive on the world market. In addition, foreign companies are not eager to invest money in the economies with low profitability. Of course, there are cases when globalization is good for developing countries. But its not often that good. Its not a secret that such informational technology monsters like AMD, Intel, IBM and others move their business to developing countries, particularly in south Asia. What are the reasons? Is that a wish to help developing Asian countries to acquire new technology? No. The golden rule that capital searches for best profit/costShow MoreRelatedLosers and Winners of Globalization Essay1772 Words   |  8 PagesDespite the views of many optimists, there are clearly losers as well as winners from the process of globalization. The statement at the head of the page assumes that Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. 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The winners and losers - define this concept in the introduction as it is the main content phrase in the essay question. There are three parts include in the main body that discribe