Globalization - literally overheating the planet?

Globalization - literally overheating the planet?
Apr 17, 2008 10:59
MUDDIEDKNEES Points: Join Date: Apr 1, 2008 Status: offline	Globalization or the opening up of markets has been good for many reasons. One thing I can think of is that it has helped fuel China's amazing economic growth. But there are many arguments that support the idea that globalization is bad: - Wages are getting lower and lower. - It is easier to move around environmentally desctructive industries and technology. - Consumerism/Materialism is on the rise and replacing local values. Local culture and wisdom is disappearing. - Governments are prevented from protecting local industries that are socially and environmentally important (local staple production for example) simply because they are inefficient. - Competition is spurring over-production to reduce cost at the expense of workers and the environment. - Capital is becomming more and more centralized and controlled by a few very rich billionnaires that can hold governments captive through currency manipulation and other financial tactics made possible by the opening up of financial and monetary systems. What do you think of globalization? What do you want your country to do?

Apr 17, 2008 10:59

MUDDIEDKNEES
Points:
Join Date: Apr 1, 2008
Status: offline

Globalization or the opening up of markets has been good for many reasons. One thing I can think of is that it has helped fuel China's amazing economic growth. But there are many arguments that support the idea that globalization is bad:

- Wages are getting lower and lower.
- It is easier to move around environmentally desctructive industries and technology.
- Consumerism/Materialism is on the rise and replacing local values. Local culture and wisdom is disappearing.
- Governments are prevented from protecting local industries that are socially and environmentally important (local staple production for example) simply because they are inefficient.
- Competition is spurring over-production to reduce cost at the expense of workers and the environment.
- Capital is becomming more and more centralized and controlled by a few very rich billionnaires that can hold governments captive through currency manipulation and other financial tactics made possible by the opening up of financial and monetary systems.

What do you think of globalization? What do you want your country to do?

Apr 17, 2008 22:27

ZOEY
Points:
Join Date: Nov 29, 2004
Status: Offline

Globalization is like a two bladed sword. As you said, some countries have benefited a lot from it. With globalization, China's economy is growing fast. But it also has some disadvantages. Take subprime crisis for example. It has spread widely in the world and many countries have been affected. Globalization has connected every contry together. If one of them falls ill, others will be affected.

What do you want your country to do?

To retreat from globalization is impossible because globalization has become a trend. China should improve itself to meet all kinds of international standards. In this way, it suffers few losses and survives.

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