Group 52 – Sophia: Debate about globalization

After these three weeks of teamwork, we have shared our point of view and feelings and went through different topics. Please find below the main pros and cons that came up during all of those debate regarding globalization:

Advantages:

–       Globalization allows companies to widen their market and fight against competitors by offshoring in emerging countries.

–       Outsourcing jobs gives higher employment in emerging countries through transfer of training.

–       Through the impact of NTIC’s, access to information increased significantly and especially in the R&D and innovation sector. Indeed, worldwide researchers exchange to their colleagues abroad their latest discoveries. This is part of the “Knowledge society”.

–        Globalization is efficient for production and powerful for economic growth.

Drawbacks:

–       Globalization not only increase inequalities among countries but also within countries: income inequalities and wealth gaps strengthened. The poorest countries account for > 25% of the worldwide population.

–       Loose of identity and reduce culture diversity.

–       Financial globalization has led to the Hyperfinance that showed its limits and triggered major financial crisis like the 2008 one. Financial liberalization led to rising volatility.

–       Leading globalized projects in R&D and innovation suppose great coordination and project management.

Group5 Paris PPMBD – Globalization’s Pros and Cons

                Globalization has a great impact on culture. It leads to wide spread of western culture all over the world. Culture relates to language, beliefs, customs and traditions. Many languages are getting disappeared due to wide spread of English all over the world. From the last few years the study in English was made mandatory in many developed and developing countries.

The wide increase of social media and blogs had great impact on culture in many countries. The countries like china and Iran have blocked many social media sites and blogs due to the decrease of their culture and values.

The globalization is making the world more heterogeneous and often homogeneous too, by creating the harder connections between the cultures of different countries. For example, the handshake, the western culture of greeting people had become the most common way of greeting in the culture based countries also. And the Japanese sushi can be taken by any country in the world. But many religious heads of different countries have been trying to fight against the globalization as they thought that the globalization is killing the tradition values. Many countries made it mandatory to wear the respective country’s traditional dressed as dress code to enter into their religious places like temples, mosques etc.

The globalization had created the positive impact on the personal values and negative impact on the cultural values. The education and development of women in many countries have raised incredibly in many countries due to the increase of globalization. Coming out of the traditional values many parents have taken the decisions which leads to the personal development of their girl child rather than the culture. Due to the increase of studying in abroad, all the cultures and values are becoming familiar to all the countries.

The intercultural marriages also play the vital role in the increase of globalized values so that one can respect the values and adapt to the others culture which leads to the mixtures of two cultures to the next generation.

The globalization had created the new culture of food habits all over the world. Mainly the culture based countries like India had great impact on it. The western food cultures and western food habits have been adapted by the people in these countries. This brought the world under one roof.

So finally the globalization seems to be a treasure of cultures so that every culture respects the other and the adaptation of different cultures seems to eradicate the cultural differences all over the world.

           Globalisation will have a greatest impact on political, economical, and ideological characters which became a threat to the cultural diversity. The rise of globalisation leads to population shifts and cultural clashes. Due to the fast increase of globalisation, the society was failed to adapt and adjust to the different cultures and this lead to the clash of cultures in the society.

 As the globalization increased the migration of people between the countries, in some countries it leads to local and non local issues, which results in the un-expectable changes in the society and human nature. For example, from the past few years the Indians in Australia have been murdered by Australians with the open reason that the Indians are earning more than the local Australian non employees in Australia. And as the media became international, all the news over the world was brought to us in the fraction of second. It was very useful in some contexts and in the same phase it leads to the illness of cultural stability.

As the western tradition is very attractable and easily adaptable to the youth, it lead to the loss of traditions in many countries, which lead to the autocratic leadership of government. Though the Asian countries of beware of the western tradition in the past, the pub and party culture was slowly getting rose in those countries. Many countries like Thailand, Pakistan and some other Asian countries were governed by the military due this loss of traditional values. Recently, the Thai government was handled by the military, and they banned all the entertainment channels and theatres and strictly ordered that the western culture seen ever will be punished severely.

In countries like India many organizations have taken place as the youth are not giving respect to the traditions of India, and they adapted the power to save the Indian tradition in the violent and non violent manners.

Cultures and traditions in any societies are valued for their beliefs and practises.  The follow of these beliefs and traditions will be more to an extent in developing countries than the developed countries. Many people argue and agree that this globalization leads to the rapid loss of local languages, art, and music.  Due to the fastest increase of technology, may it have a lot of uses to make the works and severities easier, but many under developing countries argue that the wide increase of the technology lead to the loss of cultural and traditional values as the western culture is adapted by the youth and it is directing the youth in a wrong manner.

Group 41@Sophia Globalization Pros And Cons Globalization

Globalization has primarily become a fiscal term but its impact is not limited to the economy of the countries only, the term globalization actually refers to every aspect of life-like cultural, social, psychological and of course, political.

The Globalization is based on the Free Trade. It permits the free circulation and exchange between people and products. This phenomenon creates more employment and higher standard of living, especially among the developing countries. Theories suggest that globalization leads to efficient use of resources and benefits all who are involved. So, according to libertarians, globalization will help the world to deal with crises like unemployment and poverty. But it’s not the conclusion of everybody.

There are many advantages and disadvantages of globalization. Some of these good and bad points of this worldwide phenomenon are discussed below:

Advantages of Globalization

–          Creation of a worldwide market for the companies and for the customers. There is a better access to products from different countries.

–          There is a steady cash flow into the developing countries, which gradually decreases the dollar difference.

–          Due to the presence of a worldwide market, there is an increase in the production sector and there are lots of options for investments for different companies.

–          Gradually there a world power is being created. Politics is merging and decisions that are being taken which are actually beneficial to people all over the world.

–          The influx of information between two countries increases

–          Cultural intermingling increases

–          Corporate and governments are trying to sort out ecological problems for each other.

–          More open and tolerant towards each other

–          Technological development. Thus, helping in sharing of information and technology. This helps most of the developing nation’s progress at the same speed as the developed nations.

–          Globalization helps in increase of demand of products.

–          Interaction between economies: Any change in economy one country will affect the other. Thus, governments become more concerned about one another to curb the economical imbalance between them.

Disadvantages of Globalization

–          Many people from developed nations are losing jobs because the companies are outsourcing work to developing countries where the cost of labor is low

–          Pressure on the employed people of developed countries who are always under the threat of their jobs being outsourced.

–          Transferring the quality to other countries.

–          The free migration of people generates communicable diseases and social degeneration.

–          Threat of corporate ruling the world because there is a lot of power and money invested by them due to globalization.

–          May lead to loss of cultural identity as Western ideas are always imposed upon the Eastern thoughts.

Globalization has strengthened the nexus between the states and has helped us to know each other’s need in a better way. It has helped to demolish those walls that separated us and curbed our natural identity of being individualist. Indeed, Globalization makes the world better. The question is how prepared are we to face all the pros and cons of this global change.

Pros and cons on Globalization Group69 @ Sophia

After reading many articles and after following the videos sessions, we have now a different approach of globalization. In fact, we saw that there are many advantages about being in a globalized economy but there are also some drawbacks.
Firstly, we will see through those “pros” arguments that we cannot live without globalization.
o Today there is a trade between countries, and this side is very important because of the jobs that it are created, information and know-how that are gave abroad
o We are united when a country needs some help like Ebola recently or Haiti… Countries can count on them when there is a natural disaster or whatever catastrophic event.
o There are so many organizations that help poor countries by giving them drugs, cares and also that help children into learning what European or American kids learn in school
o It is possible to buy products from others countries, to travel and discover many of them.
o Through a social point, people are more tolerant than before, we accept differences and we want to learn about others cultures and their history
o Plus, we are receiving new technologies, and so countries can be at the same level. We can talk from a country to another thanks to applications as Viber or Whatsapp for instance.
Then, living in a globalized world means also to be connected, and when a country has a problem, everyone is touched.
o The first example that came to our minds was obviously the financial crisis in 2008 which has affected ever country
o Globalization affects poor people, in fact, it increases the wealth gap and so “the rich get richer and the poor get poorer”
o There are more and more geopolitical conflicts between countries, which leads to a globalized conflict where each country will choose between the two opponent
o Today, we depend on the United-Stated, as this country was above every other country, and the consequence is that a lot countries lost their identities by trying hard to get more tourism
o Some countries are more and more corrupted, in fact drugs traffics or prostitution are very common and this attracts tourism, so it is deplorable

In our point of view of students and future employees, the globalization is essential for us because of the mutation of the 21st century where today it is necessary to work abroad, to get in touch with others countries and see how it works there. And that is what Skema teach to us, in fact, our school allows us to go abroad whenever we want through exchanges programs or international campuses.

Group72@Sophia-Antipolis pros and cons of globalization

pros and cons of Globalization
The pros of globalization are many and they are as follows:
There is a worldwide market for the companies and for the customers there is a better access to products from different countries.There is a steady cash flow into the developing countries, which gradually decreases the dollar difference.Due to the presence of a worldwide market, there is an increase in the production sector and there are lots of options for investments for different companies.Gradually there a world power is being created instead of compartmentalization of power sectors. Politics is merging and decisions that are being taken which are actually beneficial to people all over the world.The influx of information between two countries increases, especially those nations who do not have anything in common between them.Cultural intermingling increases and every nation tries to know more about the other nations cultural preferences. In this process, we are actually coming across things that we like and in the course of time adopt it.Since we share financial interests, corporate and governments are trying to sort out ecological problems for each other.Socially we have become more open and tolerant towards each other and these who live in the other parts of the world appear more approachable than before.
     There is a lot of technological development that countries have undergone over the years. Thus, helping in sharing of information and technology. This helps most of the developing nations progress at the same speed as the developed nations.
Globalization helps in increase of demand of products. This in turn increases rate of production. Manufacturers thus, find this profitable and helps in availability of more jobs.
Globalization makes the economy of one country dependent on the economy of the other country. Any change in economy one country will affect the other. Thus, governments become more concerned about one another to curb the economical imbalance between them.

There are cons of globalization are as follows:
Many people from developed nations are losing jobs and that is posing a problem for them since the companies are outsourcing work to developing countries since the cost of labor is low and profits the company considerably.There is immense pressure on the employed people of developed countries who are always under the threat of their jobs being outsourced.Corporates are building up units in other countries that equally well equipped, thus transferring the quality to other countries.There are some experts who think that globalization along with the positive aspects is also leading to the incursion of negatives like communicable diseases and social degeneration.There is also a threat of corporates ruling the world because there is a lot of power and money invested by them due to globalization.For nations that are at the receiver’s end are also giving up the reins in the ends of a foreign company which might again lead to a sophisticated form of colonization.

Group 96 Sophia : the pros & cons of the globalization

Regarding the globalisation concept, two opposite point of view show the strengths and weaknesses of globalisation.

PROS
– Globalization fosters economic growth in all the countries taking part in the phenomenon. Even if the growth is not homogenous, all countries can take advantage of all the opportunities offered thanks to globalization.
– Thanks to the free trade, there are no barriers to trade. This enables companies to export or import much more.
– In a globalized world, competition is very tough as each company is facing other companies all around the world. To be competitive, a company should put the best prices on its products and the customer can take advantage of it. Prices are much lower than it would have been without competition.
– Workers can also take advantage of the globalization. Many jobs are created thanks to it and they have more opportunities, as it is easier for them to work abroad.

CONS
– The main point against globalization is that even if it fosters economic growth, it does not lead to sustainable and human development in every country.
– Due to outsourcing, many countries also have to face job losses because of the globalization.
– Today, exchange rates are floating and this leads to insecurity concerning capital flows.
– The braindrain is a negative aspect of globalization. High skilled workers especially from developing countries prefer go working to developed countries. This means that developing countries are lacking of a high skilled workforce.
– Thanks to globalization, the quantity of financial flows has increased. However, these flows mainly go to the same countries.

Which side are we on? These two sides have relevant arguments that can make globalisation a very successful process or a terrible disaster. It depends on your vision of the global well-being.

Globalization, A Boon or Bane ???

People around the globe are more connected to each other then ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent and international communication is commonplace. Globalization is an economic tidal wave that is sweeping over the world. It can’t be stopped, and there will be winners and losers.Global Manufacturing

Let’s consider some of the general pros and cons of globalization.

The disadvantages of globalization

1. “The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. It is wonderful for managers and investors, but hell on workers and nature.”1

2. Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages and poor living and working conditions), as well as a lack of concern for the environment, mismanagement of natural resources, and ecological damage.

3.  Multinational corporations which were previously restricted to commercial activities are increasingly influencing political decisions. Many think there is a threat of corporations ruling the world because they are gaining power due to globalization.

4. Opponents say globalization makes it easier for rich companies to act with less accountability. They also claim that countries’ individual cultures are becoming overpowered by Americanization.

5. Anti-globalists also claim that globalization is not working for the majority of the world. During the most recent period of rapid growth in global trade and investment, 1960 to 1998, inequality worsened both internationally and within countries. The UN Development Program reports that the richest 20 percent of the world’s population consume 86 percent of the world’s resources, while the poorest 80 percent consume just 14 percent.

6. Social welfare schemes or “safety nets” are under great pressure in developed countries because of deficits and other economic ramifications of globalization.

The positive side of globalization

Globalization has a positive side as well. Supporters of globalization argue that it has the potential to make this world a better place to live in and solve some deep-seated problems like unemployment and poverty. The marginal are getting a chance to exhibit in the world market.

Here are some other arguments for globalization:

1. The proponents of global free trade say that it promotes global economic growth, creates jobs, makes companies more competitive, and lowers prices for consumers. It also provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity creates the conditions in which democracy and respect for human rights may flourish.

2. According to libertarians, globalization will help us to raise the global economy only when the involved power blocks have mutual trust and respect for each other’s opinion. Globalization and democracy should go hand-in-hand. It should be pure business with no colonialist designs.

3. Now there is a worldwide market for companies and consumers to access products from different countries.

4. There is a world power that is being created gradually, instead of compartmentalized power sectors. Politics are merging and decisions that are being made are actually beneficial for people all over the world.

5 There is more influx of information between two countries.

6. There is cultural intermingling. Each country is learning more about other cultures.

7.  Since we share financial interests, corporations and governments are trying to sort out ecological problems for each other.

8. Socially we have become more open and tolerant towards each other, and people who live in the other part of the world are not considered aliens.

9. Most people see speedy travel, mass communications and quick dissemination of information through the Internet as benefits of globalization.

Source :- http://www.manufacturing.net/articles/2010/06/the-pros-and-cons-of-globalization