How does globalization affect me personally?

Globalization pros and cons

The globalization determines everyone's life. She plays an important role in that economy, politics and society. It brings many opportunities, but also harbors a lot of risks. In this post you will learn all the important ones Advantages and disadvantages of globalization and which causes and consequences she has.

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Globalization explained simply

Under globalization one understands that Growing together of different countries and regions. This includes interrelationships in the areas economy, politics, environment, communication and Culture. That is characterized by internationalOrganizations like the EU or NATO, but can also be recognized in the private household, for example by the origin of the food in your fridge or the easy communication with friends from abroad.

Advantages and disadvantages of globalization table

Globalization has countless pros and cons. We have the most important ones for you here In front-anddisadvantage in a table enumerated.

In essence, international cooperation and trade are strengthened by globalization. The pros include a wide range of goods, because without imports we would be missing many products that we take for granted, such as bananas and coffee. New technologies are also spreading faster across the globe. One example of this are smartphones, which have quickly established themselves around the world. Other advantages are low prices, thanks to production in low-wage countries, and the creation of new jobs in all industries. Supranational organizations formulate rules to enable all these advantages and to maintain steady economic growth.

In reality, however, this is not always that easy. Because all countries are intertwined, crises such as economic crises or pandemics are much more devastating. Another major disadvantage is the environmental impact. Because of the increased emissions of greenhouse gases through production and traffic, mankind is facing the great problem of global warming. Below we will go into more detail about the positive and negative consequences for the individual dimensions of globalization.

Globalization causes

Globalization can be divided into three phases: colonization, industrialization and Hyperglobalization. Many equate the beginning of globalization with the discovery of America. You could feel a lot Trade routes on and the Overseas trade gained in importance. Due to the fastProduction speeds in industrialization, the internal market was soon no longer sufficient. Several industries began to expand globally, such as the automotive industry. Today we are in the hyperglobalization phase. Many companies have now recognized that they are cheaper abroad Factors of production find. Through the distributionofValue chains on different regions and the economic liberalizationofWorld market, in other words, increasing the room for maneuver for entrepreneurs, countries are being forced to work even more closely together. Also the digitalization amplifies globalization thanks to simpler Communication options just more.

Dimensions of globalization

The dimensions of globalization include: economy, politics, environment, communication and culture. In the following we will look at the pros and cons in the individual areas.

Follow economy

The effects on the economy are varied. Through the internationalization of companies and worldwide trade, prosperity is distributed among all countries. But this is not always fair. Companies in developing and emerging countries exploit poor working conditions. Since politics and human rights are either not fully developed there or are insufficiently controlled, companies can produce more cheaply by exploiting the workers. This creates great gaps between rich and poor. On the other hand, many jobs in industrialized countries are being lost as a result of the relocation of production facilities. Another disparity lies with the companies themselves. International competition already strengthens large corporations, but makes it more difficult for start-ups and small companies to enter existing markets. Furthermore, global trade has been made much easier by globalization. Free trade zones and customs agreements are created that simplify the movement of goods to other countries. For example, you can find fruit from southern Europe, coffee from Africa and electrical appliances from Asia in the supermarket. In addition, product innovations and technical advances are usually accessible to everyone. Globalization means constant growth in the world economy. Due to the connection via the world market, crises also automatically affect all countries. Another aspect of globalization is the competition between states, because they vie for the big corporations. This creates jobs, increases gross domestic product, and generally increases the nation's prosperity. For this reason, attempts are made to attract large firms through subsidies or good production factors.

Follow politics

Due to globalization, the policies of the different countries began to converge. Nowadays almost all countries are democracies and have a liberalist economy. Thus, common goals are pursued, which is the prerequisite for diplomatic action and the emergence of international alliances. But there are also dependencies on other nations. In addition, global crime, such as drug trafficking and terrorism, is becoming a growing problem.

Consequences for the environment

The main arguments of the globalization criticism are the ecological effects. Due to growing prosperity and rapid progress, people's life expectancy is increasing. That is why the population curve has increased super exponentially since modern times. In order to cover the increased consumption behavior of the people, more resources have to be extracted, more goods have to be transported and more businesses have to be created. All of these actions come at the expense of the environment, which is a finite good.

Follow communication

There are also advantages and disadvantages to communication. Nowadays everyone learns English in school. So you can chat with friends from anywhere in the world. On the other hand, many old languages ​​and accents are forgotten. Digitization, as part and consequence of globalization, simplifies communication immensely. Through them, the whole world can be reached with just one click of the mouse.

Follow culture

Culture is closely related to language. Even during the Cold War, the world went through what is known as Americanization. Through them we watch the same films, hear the same music and wear the same clothes.