The Positive Effects of Globalization

Globalization has a relatively new idea that the world has been embracing. The positive effects of globalization are numerous and extremely beneficial for everyone in all countries. It has been the most successful prosperity and anti-poverty movement in modern history.

The Advantages Include...

• Forces businesses to compete on a global scale. This allows the market place to really work and gives consumers a better advantage. No long will businesses be able to corner markets because politicians protect them. They'll now to compete with foreign businesses that may or may not be able to do business more efficiently.
• Countries move to market sectors that they are better at. This simply means that the labor in a country is going to do what it's best at. There is no need for Americans to do manufacturing when someone in China can do it better. Our labor is better served doing something beneficial.
• The consumer is the real winner. Despite the desire from some politicians to protect workers, there are far more consumers than there are workers, but no one wants to seem to protect them. Consumers should not be forced to buy over priced goods from American buyers when you can get the same quality for less if it is made in China. Now consumers can get the best products for the best prices.
• Everyone grows more prosperous. Just look at China and India. Before globalization they were very poor countries. The standards of living were extremely bad. Now these people are becoming more prosperous. These countries having mega economic booms. People that could never afford a car are now getting them. Not to mention the fact from the consumers side that are benefiting from saving money which can be used to save or spend on other things.

These are the positive effects of globalization. It is a movement that is pro-free trade, pro-prosperity and anti-poverty. It is helping the developing world raise it's standard of living as well as raising the standard of living in the developed world.

Posted in: Globalization