There are contending views about globalization: positive, nothing new, and negative. This essay explores these different views.
Globalization Is GreatMultinational corporations push for economic globalization, including the World Trade organization (WTO), to ensure the free flow of goods and capital.
There Is Nothing New about GlobalizationHistorians insist that globalization is not a new phenomenon. If the hypothesis that the first person Jane came from Africa and then populated the rest of the world were true, then globalization was a creeping reality, as people migrated from Africa to the rest of the world. The Silk Route linked China to Western Europe through the vast Eurasian landmass where traders traveled to and fro to buy and sell goods.
Globalization Is A Negative PhenomenonMany believe that globalization is not a positive development. Only multinational corporations are able to penetrate markets all over the world. But the losers are the working people. Jobs are moved from one country to another, where the cost of labor is lowest. The only entities that stand to profit from globalization are the multinational corporations which reaps abundant profits.
What Do You Think?