Globalization is the act of allowing free trade and thus necessitating movement of people and goods seamlessly across borders. Also, it is act of opening the global economy for competition and equal involvement of different countries and parties so that they can trade with each other. Globalization has considerably turned the world into a global society. For that it has impacted positively to social and economic environment by creating varied opportunities and benefits. First, it has improved business activities thereby empowering individuals and improving standard of living. This has been possible by allowing the inflow of capital and financial resources to developing countries. Second, the competition created in the market has enhanced creativity and innovation since businesses must produce unique products and services in order to survive. Third, globalization has ensured that developing countries reap the benefits of current technology that are often transferred to them.
Opponents of globalization argue that it has negatively impacted on the social, economic and political landscape. First, globalization has jeopardized global security by allowing free movement of people and goods. Undocumented persons have gained entry into different countries in search of employment opportunity presenting administrative problems at the borders and points of entry. This has encouraged global terrorism and cyber crime leading to loss of lives and destruction of property. Similarly, counterfeit and illegal goods have been smuggled across borders due to free trade necessitated by globalization. Second, it has led to massive job losses as a result of cut-throat competition witnessed in the global economy. Small scale businesses that cannot keep up with competition and economies of scale enjoyed by multinationals have been forced to close down. Further, these companies have to lay off staff as they cannot keep up with high operating costs. For a fact, small scale businesses are controlled by global multinationals that stifle them and prevent them from attaining their full potential.
In my view, and supported by conservatives who traditionally supported globalization, it has more negative effects than positives. Notably, it has been revealed that globalization has promoted massive job losses, and those with jobs are working under unfavorable working conditions earning meager incomes such as in China (The Economist n.p). Based on my opinion, globalization has led to mistreatment of workers and social injustice attributed to a free economy where anything goes. Globalization has exposed me to cyber bullying, loss of personal data and vulnerability to financial fraud. With enhanced technology, online criminals have accessed by personal data and financial information before blackmailing and defrauding me.
Agriculture is an activity practiced globally. Many people earn their living from agriculture as they grow vegetables, fruits, flowers and rear cattle. Agriculture can be divided in subsistence and commercial depending on technology, geographical conditions and workers. Specifically, subsistence farming involves growing of food crops such as maize, millet and sorghum among others, majorly for personal consumption while commercial encompass the growth of cash crops for sales such as flowers, tea, coffee and rice among others. For that matter, subsistence farming is labor intensive because farmers must engage services of family members or laborers in farms. On the other hand, commercial agriculture is capital extensive because cash crops require heavy investment on technology and machinery such as combine harvesters. Countries where subsistence agriculture is rampant are developing nations such as Kenya, Ethiopia and Uganda while commercial agriculture can be found in Central America, Southeast Asia, Uruguay and Brazil. The only way to sustain both forms of agriculture is conservation and protection of the environment. This will prevent the loss of biodiversity and natural resources such as land that is backbone to agricultural activities.
The Economist. China has gained hugely from globalization: So why are its workers unhappy?
The Economist. The Economist, 2016. Available at: https://www.economist.com/china/2016/12/10/china-has-gained-hugely-from-globalisation. Retrieved May 23, 2018.