2. Table of Content:-
1) Criticism of Globalization
2) Impact on Globalization
1. Economic impacts
2. Political impacts
3. Environmental impacts
4. Social impacts
5. Psychological impacts
6. Cultural impacts
3. Criticism of globalization is skepticism of the
claimed benefits of globalization. Many of
these views are held by the anti-globalization
movement. Globalization has created much
global and internal unrest in many countries.
While the dynamics of capitalism is changing
and each country is unique in its political
makeup, globalization is a set-in-stone
"program" that is difficult to implement without
political unrest.
Criticism of Globalization
4. Criticism of Globalization
The flaws attract critics
Widened the income gap between rich and poor countries
Developing countries had lost their sovereignty
It may need a few changes to smooth out some rough
edges but it is the most powerful force today for social
good.
5. Impact on Globalization
1) Economic impacts
Limitations on growth
The founder of Local Futures (formerly the International Society for
Ecology and Culture), Helena Norberg-Hodge, has suggested that
globalization does not work for all the economies that it affects and that it
does not always deliver the economic growth that is expected of it.
Global Economic Crisis
The Global Economic Crisis, the worst financial crisis since the Great
Depression, can be partially attributed to neoliberal globalization.
Although globalization promised an improved standard of living, it has
actually worsened the financial situation of many homes and has made
the financial crisis global through the influences of international
financial institutions such as the World Bank.
6. 2) Political impacts
Globalization as American hegemony
John Gray described globalization as a post-Cold War American
triumphalism, and stated “global laissez faire is an American project.”
Globalization is a project in which American ideals and values are executed
and implemented into other countries
Power of transnational corporations
Globalization has fueled the rise of transnational corporations, and their
power has vaulted to the point where they can now rival many nation states.
Sovereignty
Globalization requires a country to give up its
sovereignty for the sake of executing Western
ideals in its country. As a result, sovereignty
only belongs to a select few: those whose views
and ideals are being implemented.
7. 3) Environmental impacts
Damage from transnational corporations
International trade in petroleum products has expanded significantly over
the past decades through globalization so that the environmental problems
in Nigeria have been deteriorated.
Infectious diseases
Infection is the invasion of an organism's body tissues by disease-causing agents,
their multiplication, and the reaction of host tissues to these organisms and the
toxins they produce. Infectious diseases, also known as transmissible diseases or
communicable diseases, kill more people worldwide than any other single cause.
Invasive organisms
As International commerce develops new trade routes, markets and
products Globalization facilitates the spread of invasive species. The
modern technology offer the opportunity that human and commodities
can move around the world.
Agriculture
With the centralization of agriculture throughout the world, food must go
exceptionally long distances to reach consumers. As a result,
transportation of goods increases, an industry which is a major contributor
to global greenhouse gas emissions.[
8. 4) Social impacts
Growing inequality
The Governor of the Bank of England, Mark Carney, put
forward globalization as a factor of an increase in the
inequality of outcomes in societies.
Loss of languages
Acceleration in language death has been attributed to globalization,
and is predicted to continue.
Prejudice
Professor Conor Gearty, of the London School of Economics, has
suggested that global freedom of movement, brought on by
globalization, has increased the scope for prejudice within societies
9. 5) Psychological impacts
Identity
The collision between global and local cultures have created challenges in adapting
to and reconciling the two. Globalization and the introduction of the Western culture
in different countries have shown to produce bicultural identities, identity
confusion, and self-selected cultures.
6) Cultural impacts
Urban and adolescent issues
Many times, in countries where globalization is introduced, problems that arise
among adolescents are often blamed to the intrusion of Western culture and ideals
through globalization.
Arab and Muslim countries
The Arab and Islamic countries see globalization as an attempt to instill
Western superiority and a threat to the preservation of their cultural identity.
Although differing views of globalization exist among Arab nations, a large
percentage of Muslims see it to be imperialistic and a cultural invasion that
attempts to destroy their heritage and cultural beliefs.
