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Essay / Research Paper Abstract
This 8 page paper discusses the positives and negatives of the globalization of business. A significant backlash reflecting the anxiety of the public regarding globalization has been demonstrated in recent years. The concerns expressed by protestors are many and valid. There are also numerous benefits to both developing and developed nations. This essay reports and discusses comments made by many in support and in opposition to globalization. bibliography lists 6 sources.
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8 pages (~225 words per page)
File: MM12_PGglbpc.rtf
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commented that their priority regarding globalization is to prevent "unfair competition, environmental damage, and job loss (Bernstein, 2002). Governments have been promoting globalization actively for nearly two decades but
the public has demonstrated significant anxiety over globalization (Bernstein, 2002). In 2000 the backlash against globalization took the headlines. It began on November 30 and December 1, 1999 when the
"Third Ministerial of the WTO collapsed in Seattle" (Bello, 2001). The Convention was dramatically interrupted by about 50,000 protestors in the streets outside the Seattle Convention Center where the delegates
were meeting (Bello, 2001). Although there were different motivations and even different issues among the protestors, one thing unified them - their "opposition to the expansion of a system that
promoted corporate-led globalization at the expense of social goals like justice, community, national sovereignty, cultural diversity, and ecological sustainability" (Bello, 2001). Some of the issues raised by the protesters included
exploitation of indigenous peoples, environmental concerns and abuse against women (CountryScope, 2001). These concerns have been expressed by many others and, in fact, the environmental issues are among those that
have been levied against the International Monetary Fund and the World Bank in recent years (CountryScope, 2001). Many of those who actively oppose globalization believe that globalization benefits only
multinational corporations, international investors and the elite in developing countries (CountryScope, 2001). At the same time, these people and groups believe that the working classes in these countries are suffering
and are left unprotected against the cause of development (CountryScope, 2001). Another downside of globalization has been called the homogenization of cultures, which means that the national cultures are being
changed to that of the major investors in the country (CountryScope, 2001). Cultural norms are being ignored and violated as international companies take over large portions of developing countries (CountryScope,
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