Dangerous or violent ideals can also spread faster (note the international character of the terror group IS).Some small cultures may lose their distinct features.Westernization, cultural imperialism or cultural colonialism.Spread of commodity-based consumer culture.Customisation or adaptation of global cultural trends to local environment (“mestisage”).Capacity to communicate and defend one’s values and ideals globally.Instant access to information from anywhere in the world.Less stereotyping and fewer misconceptions about other people and cultures Better understanding of foreign values and attitudes.Access to new cultural products (art, entertainment, education).People change their views and lifestyle influenced by global cultural and consumption trends. Communities are less insulated than ever in history, even those who cannot travel can have today a good understanding of other cultures and meet virtually people from other parts of the world. Multiculturalism and cosmopolitanism are to some extent manifestations of cultural globalization. In the era of the Internet and fast communications people can interact more easily with each other. It refers to the process of transmission of values, ideas, cultural and artistic expressions. “Contagion effect” is more likely in times of crises.Strong bargaining power of multinational companies vis-à-vis local governments.Extractive behavior of some foreign companies and investors in resource-rich countries preventing economic diversification.Producers and retailers can diversify their markets and contribute to economic growth.Easier access to capital and commodities.Better availability of products and services.Cheaper prices for products and services (more optimized supply chains).These corporations contribute to deepen global interconnectedness not only by uniformly shaping consumption patterns across societies, but by binding economies together through complex supply chains, trade networks, flows of capital and manpower. The expansion and dominance of global companies and brands is another key feature. These consumers are characterized by their material and economic self-interest – rather than cultural, civic or other forms of identity. Globalization is such a complex phenomenon that here we are going to dissect its pros and cons across three different dimensions or angles: economic, cultural and political Economic globalizationĮconomic globalization echoes the views of neoliberal and neoclassicist thinkers in which states lose prominence and the world becomes a single global market of individual consumers. To what extent is globalization to blame for problems such as national unemployment, inequality, terrorism and cultural homogenization? Globalization pros and cons Not only left-wing anti-capitalists oppose globalization, but conservative nationalists have recently emerged as a strong force against it. The anti-globalization movement has grown. However, in the last few years an increasing number of voices have started to criticize this phenomenon and point at several flaws and dangers associated with it. However, this term really became paramount in the academic literature and media after the fall of the Iron Curtain and the Soviet Union which enabled a much more fluid communications, exchanges of goods and services and migration.įor years globalization was equated with progress and economic growth and generally supported. The political and economic international agreements after the Second World War accelerated this process even further. During the 19th century technological progress and the Industrial Revolution catalyzed globalization.
The encounters and relationships between ancient civilizations and the colonization processes initiated during the Age of Discoveries were archaic and early-modern forms of globalization. International trade, capital flows, migration, technological transfer and cultural exchanges are some of the typical manifestations of this process. Globalization is a process of growing exchange, interaction and integration between people, governments and private organizations across the globe. Debate based on the Module " Do Nations Matter on a Global World?" from the LSE100 Course (The London School of Economics and Political Science)
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