Globalization has many positives but its negative effects should also not be ignored. To what extent do you agree or disagree?
Even though globalization has afforded innumerable benefits, it has also drawn rampant criticism as the skeptical lobby suggests that it will not be prudent to disregard the pitfalls of this arrangement.
Those cynical of this new world order suggest that it is obliterating weaker cultures and economies, and compare it to neo-colonialism: a method to gain cultural and political dominance. The youth of impoverished societies are lured by global aspirations which reflect the ways of life of affluent parts of the world, and tend to abandon their native beliefs, exposing the latter to extinction. Moreover, the juggernaut of technology and investments brought in by businesses from rich nations is leading to demise of local entrepreneurial skills of the poor economies, making the latter susceptible to economic dependence on the former.
Notwithstanding the fears expressed by the critics, a highly globalized world has yielded rich dividends in various forms that gives compelling reasons to brush aside any apprehensions. It has now become possible for consumers across the world to procure and consume any kind of products and services, like Apple Iphones and cheap air travel, at affordable costs within their own countries since they are delivered at their door steps.
Similarly, this setting has raised the hopes of establishing harmonious relationships across diverse cultures and ethnicities by virtue of promoting effortless communications through the internet. Contemporary inhabitants of the planet communicate with their counterparts without inhibitions, facilitating conducive dialogue and bonhomie, helping engender universal brotherhood and mitigate possibilities of altercations and war.
Overall, although the cynicism is not unfounded, they can be overlooked for the sake of the larger interest of humanity as this phenomenon promulgates principles of coexistence, and any detrimental impact can be eliminated by embracing judicious policies to perpetuate cultural and economic freedom.
