Negative and Positive Impacts of Globalization

Complexities of Economic, Social and Political Landscapes and Three Benefits and Negative Impacts of Globalization on Daily Life This work in writing will address the complexities of economic, social and political landscapes and three benefits and negative impacts of globalization on daily life. Towards this end a literature review will be conducted followed by an analysis and conclusion.

Globalization Globalization has impacted every aspect of daily life across the globe since the shirt one wears may be from Mexico or some other country (Scriven, 2014, paraphrased) their shoes from China and amazingly, it is possible to eat a Big Mac in Moscow. Globalization means that there are more choices for consumers and more consumers for producers of goods. The impact of globalization has been felt all across the globe and in the economic, political and social sectors of society.

Several decades ago little was known by the American citizen about the politics of foreign countries or their political actors but that has all changed globalization of media and specifically the Internet has made it possible to access information not only about other countries but websites from other countries at the touch of a finger. Access to information and knowledge about other locations in the world and other cultures has undergone rapid expansion and this means that today's individual is more knowledgeable and well-informed than previous generations.

Globalization has been very good in some ways. Furthermore, those who live in countries with open markets are seeing a growth in their annual income. (Batterson and Weidenbaum, 2000, paraphrased) II. Negative Impact of Globalization Not all impacts of globalization have been positive in nature. For example, globalization has been noted to result in unemployment in countries that are industrialized since "firms move their factories to places where they can get cheaper workers." (English Online, 2014, p.

1) In addition, it is reported that globalization results in more problems with the environment since companies may desire to construct factories in various countries upon the basis of the environmental laws. Globalization also results in financial problems. For example, it is reported that in the "1970s and 80s countries like Mexico, Thailand, Indonesia or Brazil got a lot of money from investors who hoped they could build up new businesses there.

These new companies often didn't work, so they had to close down and investors pulled out their money." (English Online, 2014, p. 1) Another impact of globalization is the spread of diseases more quickly in humans, as well as animals and plant life. Analysis and Conclusion Globalization has had many positive and negative effects on daily life across the globe. Each day individuals from diverse backgrounds and various countries are in communication with one another for business purposes as.