Topic > Globalization - 843

Globalization is one of the most debated topics of the moment. It's everywhere on TV, on websites, in educational journals, in workers' meeting rooms, and on organizational boardrooms. Surprisingly, for such a widely used term, there does not appear to be a precisely agreed upon definition. One of the most frequently used definitions is that globalization refers to the increasing integration of societies around the world, it has taken many forms and is difficult to discuss in a general way. However, in most cases the term is used to refer to the economic integration of world markets. Therefore our main discussion will be about the economic integration of the world and what are the negative effects of globalization, especially the negative effects Palast (2002) argues that globalization impoverishes the world's poor, enriching the rich and devastating the environment, while few supporters see it as a quick route to universal peace and prosperity. Many developed countries began to liberalize in the 1980s following the imposition of structural adjustment policies by the World Bank and the International Monetary Fund. Proponents argue that this liberalization would help economic growth by reducing poverty and that countries with more open markets will have experienced higher growth rates than those with protectionist policies [Ades & Glaeser 1999]. However Manenji (1998) argues that unregulated free trade, driven exclusively by market forces, because, although it has raised the living standards of many people, especially in developed countries, it has not done the same for the poorest. After 20 years of trade liberalization, poverty in many countries has not decreased. For example, in agriculture, where the poorest live most of their lives, food imports are partly responsible for the destruction of small farmers; for example, Malawi, which produces rice and sells it to most South African countries, now has to deal with rice being sold at much lower prices. tariffs, which is imported from Asia. International food trade is increasing much faster than food production; it took off following trade liberalization implemented by the IMF, WTO and World Bank. As a result, in developing countries, more land is used by large multinationals to grow food for the export market, which has implications on food production for local people. The price of many agricultural products, such as coffee and tea, is near historic lows. This has a large detrimental impact on poor farmers, since the prices for purchasing imported food products are so low that it makes no sense to grow them..