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Is it right that globalization is creating prosperity for some, yet devastation and poverty for others?

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Is it right that globalization is creating prosperity for some, yet devastation and poverty for others?

Category: Essay Outline

Subcategory: Information Science

Level: High School

Pages: 3

Words: 825

Is globalization creating prosperity for some, yet devastation and poverty for others?
Student’s name
This is a worldwide process that interacts and integrates interregional and international levels. The relations are social, economic, and political, with technology as a key driver. Globalization is attained characterized by; first, there must be an integration of political, social and economic activities at national, regional, and international level. Second, a local event in a given nation can spread to affect the whole world, due to the speed of spreading of the information in a globalized world. Third, there is massive linkage of global transport and communication systems, which facilitates the spread of ideas, goods, and services (Popoveniuc, 2014). Lastly, globalization is characterized by the growing volume of trade that is facilitated by the flow of finances, persons, and finished goods. Globalization can be marked with negative and positive effects, where it had gained prosperity to some nations, and some have been subjected to poverty.
Neoliberalism is a politico-economic concept that define the realization of personal liberty in conducting free trade under minimal government involvement (Hebron & Stack, 2009). In neoliberalism, the government is expected to allow the privatization of trade and remove barriers, for instance, by reforming tax policies to ensure the trade is lucrative (Ritzer, 2011). Terms of neoliberalism promote a global movement of people, goods, and services to enhance trade. At the center of neoliberalism is maximizing the profits and manipulating the trade for self-benefit. The new economic liberalism replaces the old where there was no government interference. The theory suggests individual liberty in conducting business but the freedom is extended to the corporations they serve (Hebron & Stack, 2009). Neoliberalism is based on concepts of producing goods cheaply within a short period to maximize the profit. The system ensures that small enterprise nationally, regionally and internationally have been replaced by large multinational corporations with a strong financial base. The small economies are considered incompetent in participating in the trade. The nations with economic power hold the means of production, which gives them the upper hand in controlling the market prices aggressively.
Globalization can be linked to economic inequalities across the globe based on race, gender, and ethnic backgrounds. Northern and southern parts of the world exhibit the biases more vividly. Northern are aware that they are more affluent than those in the south and are taking advantage of the situation to accumulate more wealth. For instance, in the America and Europe there is a rise in a number of obese people due to over nutrition and Darfur, people are dying of undernourishment. Despite this intercontinental difference, there exist inequalities within the North and in the South. Globalization and its difference are clearly observed by focusing on the developed and less developed nations in the world (Ritzer, 2011). The poorest individuals are found in regions like Africa, Haiti, Yemen, Bolivia, and North Korea. These poverty levels have led to some people from the south to move to the north in anticipation of a better life. Due to high poverty levels many are not cable of moving to the north and have to endure the tough south. The migration is not only based on south to north migration but also from worse to better south like the case of from Zimbabwe to South Africa or North to the north in the case of Paraguay to Argentina. The migration from the south to the north could be compared to rural to urban migration from the South.
Neoliberalism can be attributed to the exploitation of small economies, especially in the developing world. Since significant economies control the means of production, they acquired raw materials cheaply from producers (Popoveniuc, 2014). Once they have produced goods, they control market prices and ensures they maximize the profit. If the government were involved, exploitation of raw material producers most of the time from developing nations, would be managed. Private Corporation takes advantage of the free market and overcharges their products.
Globalization has been marked with improved communication and infrastructures for transformation. With communication people from the less developed nation are informed on the development of the developed countries. With fast means of transport, they are capable of migration to the developed country to acquire a better source of livelihood and maybe education (Popoveniuc, 2014). The movement can be managed to develop, and the less developed world is taking the challenge and emulating the developmental trends in the developed nations to better their nations.
In conclusion, tourism is one of the drivers of globalization. Tourism has been used as a source of foreign exchange, to boost economies. For tourism to be successful, states review their international trade and relations policies to accommodate foreigners. Tourism is being affected by the free trade and it’s not making profits as much as it should. Since other business partners have joined the industry taking large portions of the in the tourism business (Vivanco, n.d). Hotels and airlines are some of the entrants in the industry taking large share in the tourism industry trade. Local communities resent the tourism trade idea since the terms on which it’s conducted, does not benefit them as expected. They need to be incorporated into the decision-making in the industry for the trade to get their full support.

Ritzer G., (2011) Globalization the essentilas“Neoliberalism: Basic Ideas” Retrieved on 23rd July 2015 from https://bb.uvm.edu/bbcswebdav/pid-1623988-dt-content-rid-7088802_1/courses/201506-60692/RitzerNeoliberalism.pdfHebron & Stack, (2009) Globalization : Debunking the myths “Why the Neoliberal Model Fails Poor States” Retrievedon23rdJuly2015fromhttps://bb.uvm.edu/webapps/blackboard/execute/content/file?cmd=view&content_id_1623991_1&course_id=_84035_1Vivanco L., (n.d) Rethinking tourism and ecotravel“Tales of Tourism, Globalization, and Anti-Globalization” Retrieved on 23rd July 2015 https://bb.uvm.edu/bbcswebdav/pid-1624008-dt-content-rid-7088819_1/courses/201506-60692/Vivanco–Tales%20of%20Tourism%2C%20Globalization.pdfPopoveniuc, B. (2014). IS GLOBALIZATION MEANINGFUL?. Applied Social Sciences: Philosophy and Theology, 95.

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