Globalization Has Had Positive Impacts On Most Workers In The Third Essay

Globalization Has Had Positive Impacts On Most Workers In The Third World - Essay Example Although globalization has contributed to increased environmental consequences and widened the wage gap, it has contributed to the high demand for employment opportunities, increased competition and cultural diversity; thereby, creating instantaneous changes within the social structures of many cultural societies. History of Globilisation Globilisation can be traced back to the historical process, which began during the immigration of people from Africa to other parts of the globe. The migration process of merchants and labor force across the borders contributed to new changes including the new ideas, cultural diversity and new products. The first phase of globalization began in the 16th century during the pre-modern period where there were some improvements in maritime technologies (Lindio-McGovern and Wallimann (2009, p. 123). This period contributed to varied changes including maritime exploration, discovery, and centralization tendencies associated with monarchies and development of modern states. The second stage of globalization started on the late of 18th century, and this phase was marked by extensive Industrial Revolution. This was the time when human technology began flourishing, productivity increased and the consumption level for commodities increased. Globalization increased in 19th century and major developments were experienced in all sectors across the globe. The economic growth in many countries started expanding in the mid 1980s and the earlier 20th century. The modern globalization is the latest age of globalization that began in late 19th century throughout the 20th century; thus this period can be marked with rapid industrialization that allowed cheap production and labor force (Roberts and Hite 2007, p. 56). The... The research study indicates that globalization has significantly increased the amount of economic activities taking place across national boundaries, however, this has had huge impact on the lives of labor force and other communities everywhere. This is because the current globalization with diverse international policies and regulations underpinning it has contributed to increased hardships in the third world economies. This paper makes a conclusion that although globalization has contributed to increased environmental consequences and widened the wage gap, it has contributed to the high demand for employment opportunities, increased competition and cultural diversity; thereby, creating instantaneous changes within the social structures of many cultural societies. Therefore, to a larger extent, globalization has had impacts on the third world countries and many of them are positive impacts, which have contributed to economic growth in many of the third world nations. Developing nations have benefited from globalization because of increased employment opportunities and many of them are able to compete favorably with their competitors. It has also promoted free trade and increased cultural diversity, as well as, changes in income levels has companies have increasingly found access to international markets that offer outsourcing. However, to a smaller extent, globalization have contributed to increased environmental degradation, created capitalist society, widened income inequalities and increased poverty levels as capital flows are repatriated to the companies investing in developing nations.