Is Globalization Good or Bad?

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The word “Globalization” appeared in the 1960s, meaning “to make global in scope or application”. The first group of human left central Africa 100,000 years ago and arrived in the Mediterranean and 50,000 years ago the second group arrived in Asia. These were the first globalizers, migrants before there were any borders.

This process of reconnection began thousands of years ago with simple acts like trading the goods and sharing of experiences. In the early stages of history, the agents of globalization were traders, preachers, adventures and soldiers. The combination of trade, conquest, religion and adventure led to a reconnecting the old world and new world. (Santa Maria, 1492)

On the other hand, Globalization is bad as it led to slave trade and war…etc. The need for mine workers and plantation labors gave rise to the slave trade.  In 1860, there were 3,953,760 slaves living in the United State alone. Malaysia is a Country shaped by globalization.  Rubber pants were introduced by Brazil and the need of rubber tappers led many Indian rubber tappers came into Malaysia and tin miners from China. Malaysia’s population today is composed of 30% ethnic Chinese and 10% ethnic Indians.

The Mexican silver was found by the Spaniards and boosted European trade with Asia. In the early 19th century the dwindling supply of silver led the British to replace it with Indian opium for trading with China. The Chinese government was taking stronger and stronger measures to end the opium trade, but the British were doing all they could to increase it. Imperial Chinese opposition to the drug trade led to the opium war (1839-42). It was the first war of Globalization. After the deaths of thousands of Chinese, the first Opium War ended on 29 August 1842, with the treaty of Nanking. The treaty forced the Chinese government to pay $15 million to the British merchants. Furthermore, it opened up five ports to English trade. Finally it ceded Hong Kong to the British.

But Kofi Annan, Secretary of United Nation said, “Globalization world is like a small boat”, we cannot “afford to ignore the condition of our fellow passengers on this little boat. If they are sick, all of us risk infection. And if they are angry, all of us can easily get hurt”. So, Globalization is good and bad, and no one can stop it. Good means it can create jobs, raise income and efficiency, improve living standard, reduce poverty and hunger. Bad means it can lead to war, exploitation of resources, pollute the environment, create inequality, instability.

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One Response to “Is Globalization Good or Bad?”

  1. ngoziokei Says:

    Globalization is the name for the process of increasing the connectivity and interdependence of the world’s markets and businesses. This process has speeded up dramatically in the last two decades as technological advances make it easier for people to travel, communicate, and do business internationally. Of course it is a good process, which improves standard of living,creates job and raise income, but it leads to war,exploitation of resources, pollution of the environment, creates inequality and instability. As one world/planet, the developed countries should learn not only to introduce globalization but to live in an atmosphere and share ecosystem, that is also favourably to the developing countries, Putting away selfish ends and means that exploites/destroys the developing countries. The world should learn to live in love, in one harmony. The well-being of the developed and developing countries are better balanced, by a new global social contract. This is got from Stiglitz, J. E. (2007) Making Globalizaton work p, 285

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