The Impact Of Globalization On The Global North And The Global South
Globalization has the potential to provide both economic benefits and political challenges. Write an essay in which you discuss the impact of globalization on the Global North and the Global South. In your essay, please define and discuss arguments pro and against globalization from an economic, political and cultural perspective. In what ways could the forces of globalization be harnessed to promote development in the Global South and reduce global inequalities?
The Impact of Globalization on the Global North and the Global South
Globalization has eased the cost of conducting business globally, leading to economic growths in many aspects. Socially, there has been adoption and embracing of different cultures, whereas some have been assimilated or altered as a result of globalization. Migration has increased as a result of globalization, with movements from the global north to south and vice versa. However, on the overall, globalization has led to a myriad of positive changes from job creation, business opportunities, lifesaving innovations and government cooperation’s in bolstering education.
Effect of Globalization on Economy
In cities such as Bangalore, Gurgaon, Cebu City, Mumbai, and Manila, impacts of globalization are clearly noticeable. The mushrooming office parks, booming catering, crowds of night-shift workers celebrating the end of their shift and twenty-four-hour metro shuttles are some of the indicators. The business in the global south has migrated to the global north to obtain cheaper labor and in turn get profits by selling the same commodities in the global north. Business partnerships have evolved between business firms in the two regions. Technology discovered in one region of the world rapidly spreads and becomes a global phenomenon or tool for business. Examples include Facebook and Twitter (Jomo 45).
Despite the positive attributes globalization...
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