Two Sides of The Globalization Medal

Abstract

As the world becomes more and more affected by globalization, its opponents increase in number as well as its followers. This is due to the fact that there are not only winners in this case but also losers. The new global order introduces new advantages and disadvantages to economics, politics and social life. On one hand we have people living a prosperous life, having the chance to use inexpensive and high quality products. On the other hand we have the poor who have to face the difficulties caused by the irrational production and consumption plans, contaminated environment and unsound health and education systems. Globalization was first considered as a concept to bring the nations together, however according to some people it has turned out to become an economic and social gap between the north and the south. The multinational companies’ attitudes and flexible working styles have affected some countries’ employment structures. By means of economic liberalization, it has enabled the foreign investments settle down easily in any country. In this sense, globalization has been disapproved by the nationalism followers and therefore has been excoriated. In this paper, the approaches to the idea of globalization will be studied and the positive and negative effects of global economy – global strategies, global competition – will be examined.