Losers and Winners of Globalization Essay - 1772 Words

Despite the views of many optimists, there are clearly losers as well as winners from the process of globalization. The statement at the head of the page assumes that Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. There are many trends of thought regarding exactly who the winners and losers may be as well as what may be considered a prize or a punishment (e.g. some may sight the availability of McDonalds fast food throughout France an enrichment and some may see it as an unwelcome and unsavoury invasion.) Comparison between these opinions paints an interesting picture of what Globalization is, what certain parties want it†¦show more content†¦There are various definitions of what Globalization is, and the effect it has on the world. Globalists believe Globalization is a real and evident process. They argue that examples of a significant shift in the geography of social relations can be seen in terms of economics, culture and politics. For example the recent effects that the US economys down turn had on the share pr ices of British companies who trade and deal largely within US markets. We can see that international trade and investment has increased in recent years with many companies (notable many of those within the FT500) having bases and influence in many different countries e.g. Rupert Murdochs global media empire, News Corporation, which operates within nine different media on six different continents. Culturally we can see everyday examples of what Globalists would call Globalization. In Britain we eat McDonalds and Sushi, wear Issey Miyake perfume, watch Manga films and play Sony Playstation games. Politically nation states do not hold ultimate power over all policies and all behaviour as a whole. National governments have joined to create larger international organizations e.g. United Nations or G8 (USA, Japan, Germany, France, UK, Italy and Canada, with the recent addition of Russia). Globalization, and the Northern Territories embracing of it, allows theShow MoreRelatedEssay on Winn ers and Losers in Globalization598 Words   |  3 Pages Globalization is an increasingly close international integration of markets for goods, services and factors of production, labor and capital. Right after the World War II, the world has witnessed a spread of markets and multilateral development from which no country can operate independently. 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