Essay

The Pros and Cons of Globalisation

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased production of goods and services by…. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries. There are both advantages and disadvantages from Globalisation which vary on different people’s opinions. However, what’s most important is the impact Globalisation has had on the world and whether all in all it’s for the better or worse[LMS1] .

There are reasons for globalisation in the first place. Such as, Improvements in transportation: Larger cargo ships and more types of transport. Freedom of trade: World Trade Organisation (WTO) removes barriers between countries. Improvements in communications: Technology such as the internet and mobile phones. Labour Availability and skills: e.g. India has lower labour costs and high skill levels[LMS2] .

One argument that can be said with Globalisation is that it makes the rich richer and the poor poorer. The way this works is the fact that companies and businesses need to get as much profit as they can so their company is running smoothly and all the members of the company are kept in a job. An easy way to make sure of this is putting the factories into developing countries as the cost of labour is a lot cheaper[LMS3] . This then results in…

Also, another disadvantage of Globalisation is the unfair working conditions that apply in poorer countries. They don’t have health and safety rules and regulations which puts the workers, most of which are small children, at risk. Child labour is also an issue most people have with globalisation, taking advantage of their poor state and desperation for money to new levels of risk[LMS4] .

There are some talks of Globalisation influencing political decisions, as the worldwide market gets increasingly more powerful and popular, its power is starting to affect political decisions which are affecting the whole world, and this may not be a good thing[LMS5] .

Lastly, due to the inhumane conditions of the factories and working places for the prisoners and child workers who are mostly the only people employed at these places, it leaves the employees desperate for money as their wages aren’t enough. This leaves them with no decision but to resort to prostitution and trafficking, we know this is true as percentages of shown that it is becoming increasingly common[LMS6] .

However, globalisation would not have become as easily accessible or worldwide if there weren’t some advantages to it as well. For example, Globalisation creates jobs for people in countries all around the world not just in developing countries such as India or China. This makes all countries economically stronger and helps keep unemployment levels low. It also makes companies more competitive which lowers prices for consumers. E.g. Different supermarkets having deals or offers if you order online, the first online order you make at Waitrose you get a free bottle of wine[LMS7] .

Secondly, the worldwide market means that not only can people send goods to different countries but we can receive them internationally as well just from a click of the button. Also, ordering internationally means that you pay for shipping which helps increase the profit of the companies themselves[LMS8] .

Although in some people’s opinion Globalisation affecting politics is bad, on the other hand there are people that think that there is a world power that is being created, instead of compartmentalized power sectors. Politics are merging decisions that are being made are beneficial for people all over the world[LMS9] .

Lastly, socially we have become more open and tolerant towards each other and people who live in the other parts of the world are no longer considered ‘alien’. I think that this is the most beneficial advantage to Globalisation as it has decreased racism massively as we’ve learnt that we’re all equal workers at the end of the day, and developing countries have some benefits which we, as first world countries, can learn from[LMS10] .

Overall, the impact of Globalisation has been extreme. The whole world is now involved in online market or international employment even some of the most remote corners of the world. I think that this is the most beneficial thing that’s ever happened to business.

---

 [LMS1]A strong introduction that is well-worded and includes some key terminology.

 [LMS2]Instead of listing these point, use them to expand your argument.

 [LMS3]Add an example and develop your point.

 [LMS4]You could link this to the recent Primark scandals. Then, you could link to the future of such companies / globalisation.

 [LMS5]How and why?

 [LMS6]What position does it put the company in? Do you believe they care about the crisis in which they create? Does the consumer care?

 [LMS7]Link to the economical dependency that this creates.

 [LMS8]How has this developed and which companies are primarily involved with this? How has it impacted society?

 [LMS9]How does this add to your argument and what does it say about the future of globalisation?

 [LMS10]How has this happened? Consider the history of globalisation? Do you believe it has also created friction between nations?