Threat of Globalization

The Threat of Globalization

Globalization is not only something that will concern and threaten us in the future, but something that is taking place in the present to which we must open our eyes. It is the trend toward greater interconnectedness of the world's systems. With the advancement in technology we have become less independent and unable to think for ourselves. While developing countries are lacking technology it has led many unfortunate people to poverty.   Although the power of well profited countries may decrease the poverty rate, unindustrialized countries are still left with no say, and are not treated fairly. However, because of the merging of culture due to globalization, the world's diversity is weakening.   While technological, economic and cultural globalization can be known to be beneficial to global progress, they all have an overall destructive effect on the world.

Technological Globalization is the growth in technology which has led to an increase in communication around the world. One positive factor is the interconnectivity of the world. Thanks to technology, geography is not as challenging as it used to be, news, information, insights, and basic communication have the ability to spread almost instantly, and the internet has also allowed us to transfer immense amounts of data to places half way across the world in the matter of seconds.[1] Globalization has helped raise the standard of living for many people worldwide. Although the advancement of technology has created a new world of communication, it has made us less sociable and more reliant on technology. Just because technology is there and makes our lives easier doesn't mean it should be relied so much that we are unable to think for ourselves. In 2008,   the London Stock Exchange was closed for eight hours when a glitch shut down the system. “The breakdown left traders in Europe's financial capital in limbo.”[2] They lost millions of pounds that day and all they could do was sit and...