Current Globalization
- Details
- Hits: 17433
Globalization
Globalization opens the world to greater opportunities though it also has effects on the people across different regions across the globe with regions having individuals of all kinds of various backgrounds and diversified practices. The need to understand human dynamics and the world to respond to anticipated changes pushed for globalization since the colonial period (Del Casino, Knox, Liverman, Marston & Robbins, 2013). There are new occupancies with open boundaries free movement of goods from one place to another due to globalization. People and economies, developing and developed nations all benefit from globalization significantly.
Current globalization is not based on mutual benefit but the favor of potential markets or source of labor and raw products, with major countries benefiting much more than the smaller or developing countries (Del Casino et al., 2013). People tend to borrow cultures, beliefs and practices and more the economic and political trends and practices that are more similar across the countries. Globalization has created global communities that offer opportunities to people for advancements and mutual benefit of the parties involved (Del Casino et al., 2013). Globalization is not however accepted everywhere as some people resist changes in different practices and spheres borrowed from other regions.
The fear of negative impact on the environment, loss of cultural identity and the benefit of individual parties have made areas set up restrictions. People fear that globalization would disadvantage smaller countries while advancing more developed nations to gain dominance and control over the rest. The Latin America is likely to benefit from trade whereas the Sub-Saharan Africa achieves much in terms of economic and infrastructural development to improve the lives of its people. Europe on their part will be able to get a market for their products, achieve raw materials and labor that is required by their industries to meet their demands.