Why Globalization
According to the author, globalization seems to create the problem of inequality. However, the actual problems owing to globalization should be of least concern to contemporary societies. In essence, the benefits that come along with globalization overshadow the perceived dangers that many countries are likely to face. Globalization has positively revolutionized various sectors of world economy. These remarkable achievements in communication, transport, computing, agriculture, and commerce among other sectors have resulted into substantial progress in both industrialized and developing countries. The phenomenon has facilitated production of goods and services. Besides, people from different parts of the world communicate with each other through cell phones and social media. Although negative effects such as global warming pose great danger to future growth and development, this should be of least a concern to world leaders considering many accomplishments countries have attained courtesy of globalization.
Apparently, the market remains a powerful vehicle in the wake of globalization as it play vital role in raising the living standards of people both in the developing and developed countries. The author gives an account of the classical liberal values that come along with globalization. Incidentally, the linkage between the individual rights and the market economy summarizes the basis of a liberal democratic system that is of great benefit to the poor and well-to-do members of the society in equal measure. Although globalization has led to robust industrial growth with developing countries supplying raw materials to the industrialized nations, elements of exploitation dominate the endeavor, which has seen the globe turn into closely-knit unit. Developing countries have suffered from effects of environmental pollution mainly caused by developed countries besides acting as dumping site for electronic wastes and substandard goods. However, poor countries obtain goods and services from developed countries at cheaper prices thus raising the quality of life. Although the measure of progress is pegged on growth of GDP of different economies since the end of World War II, GDP growth does not really translate to change in quality of life of ordinary people.
