Topic 8: Debate on Globalization

Right now, the globalization of China and India has raised the standard of living the most compare to other countries. Some people might argue that since the companies will wants to stay their product cost as low as they can and switch the factory form developed to developing country, companies will take the advantage of getting cheaper labors. In fact, the employees might think this is the best job they can have; the problem is that the western standard was too high. The wage they got might go over the local minimum wage which might be better than other job.

        The definition of globalization is like a movement of a local good, services, trades, communications and other factor to the worldwide. The benefits of globalization can be the technological expansion, which makes the technology grow, more choices for the consumers, which might let the economy better, and other benefits. In contrast, the cons for globalization can be the effect of the local culture. Certain local culture might be destroyed by globalization because people getting used to adapt other country’s culture and give up their original culture. Another disadvantage for globalization is that the companies might be hard to control through globalization. Some international companies will want to avoid taxes by moving operations to less regulation of their home country, but thanks to some global organization, they can help creating the standard for the global and monitor compliance for each company.