Advantages and Disadvantages of Globalization

It has a series of advantages and disadvantages that are linked to a series of factors that seem to be disconnected from each other, but that are actually concatenated.

Advantages of globalization

It produces a greater opening in economic, social, technological and cultural terms that has brought benefits to the States and their citizens and are the following.

Greater and more efficient economic exchange

The circulation and exchange of products and services around the world have stimulated new economic and commercial policies that standardize many previously complicated processes.

This has resulted in a greater variety in the commercial offer, which encourages consumption and stimulates the economy.

technological exchange

Early in globalization, emerging economies and underdeveloped countries could take a long time to access cutting-edge technologies. This implied a backwardness in productive terms, further deepening the gap with developed countries.

Globalization has allowed greater and easier access to technological resources that have a positive impact not only on the economy but also in other areas, such as the educational or health systems of countries in disadvantaged conditions.

Cultural diversity

It creates new migratory waves and displacements of citizens for multiple reasons (political, social, labor). This has generated a greater openness towards cultural manifestations that were previously unknown, as well as a greater understanding and respect for diversity.

great linguistic wealth

Multiculturalism and access to foreign technologies and content have had a profound impact on the language and the ways we communicate.

Nowadays it is very common to use foreign words or expressions, as well as having a second language (generally English), which broadens the personal, academic and professional possibilities of the new generations.

 Increased scope of Human Rights

In different countries of the world they are subscribed to international conventions or treaties inherent to respect for Human Rights, either through its main promoter, the United Nations Organization, or similar organizations.

global communication

Currently the development of the web and the rapid evolution of telecommunications favored precisely by the commercial advantages that globalization offers, it is possible to communicate instantly and efficiently from practically anywhere in the world.

stimulus to tourism

The expansion of sea, air and land routes stimulated by globalization has boosted tourism in recent decades.

Easy access to information about the chosen destination, and the possibility of managing money digitally contribute to the expansion of this phenomenon. Tourism, in turn, becomes a way of supporting local economies and promoting cultural exchange.

Disadvantages of globalization

The formation of trade alliances between nations and the massive displacement of the population that has driven globalization has also brought with it some negative aspects that have a direct impact on the lives of citizens.

Growth of interventional practices

The fact that countries are linked to each other by international agreements or conventions increases the chances that they will respect the agreements, but also exposes them to sanctions or interventionist practices.

This can endanger the sovereignty of countries, in addition to exposing their citizens to the consequences of such practices.

Disappearance of local culture and national identity

It is not a negative fact in itself, it is the invisibility and even disappearance of cultural manifestations and practices that are part of the identity of a nation.

In this sense, the tendency is that those expressions belonging to minority cultures or ethnic groups tend to disappear, being replaced or displaced by a dominant culture, which is generally of foreign origin.

Inequality gap widening

Globalization brought with it the expansion of capitalism, which promotes a free market economy and a minimum level of interventionism by the State.

This has resulted in the concentration of capital in global business conglomerates, to the detriment of small and medium-sized local businesses and contributing to increased levels of unemployment in the world.

Cheaper labor due to technological development

Using technology for industrial purposes has helped in a revealing way to increase the production of various items throughout the world, which drives economic development. However, the use of technology on a large scale, especially in agriculture, has generated a decline in the quantity and quality of local labor.

Environmental deterioration on a global scale

The excessive growth of the production of goods and consumption generates a series of problems that affect the environment. From the use of chemicals in the textile industry to the inconveniences generated by the amount of plastic and technological waste, to name a few, not counting deforestation for the exploitation of wood or soil.

Main characteristics of globalization

• Privatization of state companies, especially those dedicated to the administration of public services.
• Industrialization of processes, which helps to massify production and lower costs.
• Standardization of processes and standards so that products and services are functional in multiple countries.
• Increased consumption, driven by increased production of goods.
• Formation of commercial alliances between countries to form commercial blocs (European Union, Mercosur).
• Precariousness of unskilled labor.
• Faster and more efficient communication, influencing large-scale economic decision-making.
• Births of new work models.

Advantages and Disadvantages of Globalization