Criticisms of globalization

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Criticism of globalization is skepticism of the claimed benefits of the globalization of capitalism. Many of these views are held by the anti-globalization movement. However, other groups are also critical of the policies of globalization. Political scientist and author Claus Leggewie has divided the critics into six groups: leftists, radical leftists, the academic left, reformers from the business world, critics with a religious base and right-winged opponents.[1]

Environmental effects[edit]

Infectious diseases[edit]

Infectious diseases, such as SARS and Ebola, have traveled across the world due to increased world trade and tourism.[2]

Invasive organisms[edit]

The spread of invasive species has been accelerated by globalization.[2]

Social effects[edit]

Growing inequality[edit]

The Governor of the Bank of England, Mark Carney, put forward globalization as a factor of an increase in the inequality of outcomes in societies.[3]

Loss of languages[edit]

Acceleration in language death has been attributed to globalization, and is predicted to continue.[4]

Economic effects[edit]

Increased power of transnational corporations[edit]

Globalization has fueled the rise of transnational corporations, and their power has vaulted to the point where they can now rival many nation states. Of the world's one hundred largest economies, forty-two of them are corporations.[5] Many of these transnational corporations now hold sway over many nation states, as their fates are intertwined with the nations that they are located in. Based in Finland, Nokia represents nearly two-thirds of the stock market's value, and provides a large share of the nation's tax revenue. With this much power, managers of the company have unprecedented influence in the politics of Finland.[6]

Also, though transnational corporations could offer massive influence regarding the Third World, and bring about more pressure to help increase worker salaries and working conditions in sweatshops, this has not happened to a great extent,[7] emphasized by the 2013 Savar building collapse, where over one thousand workers died having been producing garments to be exported across the world in unsafe working conditions.

See also[edit]

References[edit]

  1. ^ "Strength in Numbers for Globalization's Critics". 
  2. ^ a b Nikiforuk, Andrew (2007). Pandemonium: how globalization and trade are putting the world at risk. Brisbane: University of Queensland Press. ISBN 0-7022-3618-7. 
  3. ^ "Carney urges bankers to adopt 'high ethical standards'". BBC News. Retrieved 27 May 2014. 
  4. ^ Cronin, Michael (2003). Translation and globalization. New York: Routledge. ISBN 0-415-27065-0. 
  5. ^ "Corporations - Fortune Magazine". Retrieved 3 March 2013. [dead link]
  6. ^ Steger, Manfred (2009). "Globalization: A Very Short Introduction". Oxford University Press. 
  7. ^ "Globalisation and its critics". The Economist. 29 September 2001. Retrieved 4 March 2013. 

Further reading[edit]