StudyKraken Economics
Print Сite this

Globalization, Only an Idealistic Concept


The term “Globalization” (Teachers may want to have the students read, 2009, p.1) comes from the word global. One can then say that globalization means including all parts of the world. The term “Globalization” gained popularity in the 1980s. It was used to describe the increased knowledge, ideas, and people movement. It brought about the exchange of goods and money internationally thus leading to improved connections socially, economically, culturally, and politically. Generally, globalization is considered in terms of the difficultness it has to the functions of the government in the global economy and international affairs.

Idealistic means having a strong belief in perfect standards and trying to achieve them even when they are not realistic. A concept is an idea or a principle that is connected with something theoretical.

Advantages and Disadvantages of Globalization

Like a coin, globalization has two sides, the positive side, and the negative side. Many (Teachers may want to have the students read, 2009, p.1) individuals think that globalization can boost the societies wealth through trade as a result bringing people in the world not only knowledge but also information. Besides this, other people think that globalization helps the rich exploit the poor, threatens traditional cultures since it brings about modernization, and to some extend encourages terrorism.

People argue that manipulative conditions contribute to the attraction of informal networks that perform criminal acts internationally. To add to this, today’s modern technology and sophisticated societies make these networks extend throughout the world making terrorism globalized.

Globalization has obvious effects on the economy, culture, politics, and social values of a country.

Economic Effects of Globalization

From time immemorial, economic activities have been changing from being national to being international as a result making it integrated. Several economists (Teachers may want to have the students read, 2009, p.1) argue that nowadays, people think more of international trade than national trade. This is because international trade has centralized in almost all local economies as well as domestic economies.

Among the key industrial economies countries, also known as the Organization of Economic Cooperation and Development, approximately 65 percent of gross economic production is linked with international trade. Economists foresee that 50 percent of jobs or more that will be formed in this decade will directly be globally connected to the economy. This is because of the attractiveness of a free worldwide market with minimal trade barriers as they can be enabling true contest across the borders.

Worldwide economic institutions like International Monetary Fund (IMF) and World Trade Organization (WTO) make the barrier-free movement of services, money, and goods internationally possible. Regionally, organizations such as the European Union (EU), North America Free Trade Association (NAFTA) not forgetting the Association of Southeast Asian Nations (ASEAN) assist in the same within their geographical territories. This will create positive effects by increasing economic connections internationally leading to increased opportunities for the development of the economy.

Contrary to this, many people consider economies from Europe, North America, East Asia, and others from the industrial North have gained from globalization whereas many semi-industrial and non-industrial countries like Africa, Asia partly, Southern and Central America, and other countries from the geopolitical South have experienced economic reduction instead of growth which was to be brought about with the help of economic integration

Political Effects of Globalization

Globalization (Teachers may want to have the students read, 2009, p.1) has effects in politics but agreement is not there among political experts about how deep and the nature it has on worldwide and national politics. Several social scientists quarrel that globalization is weakening states of a nation, as a result, global institutions will slowly take over the powers and functions of states in a nation whereas other political scientists have faith that an increase in globalization will lead to remarkable changes in politics internationally especially in how states relate to each other. This will result in making the nation-state be centralized in the activities of international politics. By so doing, there will be the creation of modern socialist and capitalist economy and industrialization in modern continents like North America and Europe in the nineteenth century not forgetting Africa and Asia in the twentieth century.

Social and Cultural Effects of Globalization

To begin with (Teachers may want to have the students read, 2009, p.1), research has shown that in the past two decades, information services have been internationalized with the help of computers via the internet making people communicate with ease. On the other hand, there is a very big difference in contact to and know-how of using information technologies due to differences in economic status and geography, especially in developing countries. Thus, only the minority who can afford them have access to them.

Secondly, satellite technology has enabled global news services like CNN to reach remote areas worldwide. Does this give birth to too many questions like who decides which news is worthy or not? Whose cry is important or not? Who edits the news and ensures that the perspectives are expressed? and many more questions.

Lastly, modern uprising in communication technology leads to impressive effects in popular culture. Popular cultures in the local areas are now able to get to a larger audience internationally like in music. However, nowadays, local domestic cultures are being silenced by the arrival of Western “alien” tradition and the possible worldwide harmonization of cultural flavor and principles.

In summary, the table below shows the advantages and disadvantages of globalization (Some advantages, some disadvantageous, n.d, p.1);

Advantages Disadvantages
  • enlarged free trade (Agrawala, n.d, p.1) amid countries producing a wider market
  • improved liquidity of capital enabling investors in developed countries to invest in developing countries
  • Corporations have bigger flexibility to function across boundaries
  • worldwide mass media makes the world be as one
  • The increased flow of communications allows vital information to be shared between individuals and corporations around the world
  • Greater ease and speed of transportation for goods and people
  • Reduction of cultural barriers increases the global village effect
  • Spread of democratic ideals to developed nations
  • Greater interdependence of nation-states
  • Reduction of likelihood of war between developed nations
  • Increases in environmental protection in developed nations
  • The increased flow of trained and non-trained jobs from developed to developing countries as corporations look for the cheapest manpower
  • enlarged likelihood of economic disruptions in one country affecting all countries
  • The corporate influence of nation-states far exceeds that of civil society organizations and average individuals
  • The threat that control of world media by a handful of corporations will limit cultural expression
  • Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage
  • Greater risk of diseases being transported unintentionally between nations
  • Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity
  • International bodies like the World Trade Organization infringe on national and individual sovereignty
  • Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources
  • Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries


In conclusion, these conditions, therefore, make globalization only an idealistic concept.

Reference List

Agrawala, K. n.d, Advantages Of Globalization. Web.

Some advantages, Some disadvantages. n.d. Web.

Teachers may want to have the students read, 2009. Web.

Cite this paper
Select style


StudyKraken. (2022, January 12). Globalization, Only an Idealistic Concept. Retrieved from


StudyKraken. (2022, January 12). Globalization, Only an Idealistic Concept.

Work Cited

"Globalization, Only an Idealistic Concept." StudyKraken, 12 Jan. 2022,

1. StudyKraken. "Globalization, Only an Idealistic Concept." January 12, 2022.


StudyKraken. "Globalization, Only an Idealistic Concept." January 12, 2022.


StudyKraken. 2022. "Globalization, Only an Idealistic Concept." January 12, 2022.


StudyKraken. (2022) 'Globalization, Only an Idealistic Concept'. 12 January.

This paper was written and submitted to our database by a student to assist your with your own studies. You are free to use it to write your own assignment, however you must reference it properly.

If you are the original creator of this paper and no longer wish to have it published on StudyKraken, request the removal.