BENEFITS AND

CRITICISMS OF
GLOBALIZATION
 “We must take care that
Globalization does not
become something people
become afraid of
-Gerard Schroder”

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1.BENEFITS
FROM
GLOBALIZATION
PRO-GLOBALISM

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PRO-GLOBALISM
ARGUMENTS
× Efficiency gains from specialization between
countries with different resource endowments
× Spread of technology and best practice’ through
multinational companies (Grossman, 1991)
× Consumers everywhere, have access to greater
choice and lower costs

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× The world increasingly is
confronted by problems that
cannot be solved by individual
nation- states acting alone.
Solutions to problems
necessitate new forms of
cooperation and the creation
of new global constitution.

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× White and blue collar workers
may go from one country to
another to provide their
services.
× Workers of poor countries have
greater opportunities as a result
of the employers’ access to
overseas markets.

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WORLD WIDE STATISTICS
THAT SUPPORT
GLOBALIZATION
× Life expectancy has × Democracy has
almost doubled in the increased dramatically
developing world from almost no nation
since WWII and is with universal suffrage
starting to close the in 1900 to 62.5% of all
gap to the developed nations in 2000
world. × There are similar
× Income inequality for increasing trends for
the world as a whole electrical power, cars
is diminishing radios and telephones
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per capita.
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CRITICISMS
AGAINST
GLOBALIZATION
NEGATIVE EFFECTS OF GLOBALIZATION
× Many criticisms and negative effects of
globalization have been pointed out by a
number of anti-globalization groups and social
movements such as national liberation factions,
church groups, left-wing parties,
environmentalists, public interest activists,
peasant unionists etc.

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CRITICISMS OF
GLOBALIZATION
× Economic, political × Many institutions
and environmental involved in the system
insecurity of globalization have
× Global economic not taken the interests
booms and busts that of poorer nations, the
ratchet up inequality working class, and the
and distribute new natural environment
wealth unevenly. into account.

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× Globalization has
contributed to the rise of
international terrorism
perpetuated not only by
international crime
syndicates but also by
organizations representing
dissident nationality, ethnic
groups, or particular
ideology. Terrorist activities
are relatively easy to
coordinate in a world with
good communication.

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× Globalization promotes the export of artificial
wants or “created” needs. (e.g. that people are
poor if they don’t have TV, cars, electrical
appliances and other modern convenience

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× The increasing autonomy and strength of
corporate entities shapes the political policy of
nation states.

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