 Photographer : Andy Weisner |
How does globalisation affect me?Globalisation has changed the way Australians travel, eat and generally live.
The term globalisation is used quite often in relation to economics. This is because globalisation has influenced Australia to have freer and more open markets, meaning that less tax is paid by exporters and importers. Theoretically, this results in the growth of industry competition which increases the quality, variety and availability of goods, but lowers the prices that we have to pay.
However, globalisation has influenced our community and world in many other ways, even changing the scope and effects of terrorism. Whether these ‘effects’ of globalisation are good or bad is debatable. Below are a few points that the supporters and critics of globalisation have to say.
The pros of globalisation
- Lowers poverty in developing countries with increased employment which provides income through trade and investment.
- Global togetherness helps to bring about better environmental, labour and human rights standards.
- Promotes competition which leads to improvements in management practices and workplace arrangements.
- Improves the quality and growth of industries, leading to increases in jobs and pay.
- Encourages open markets which theoretically increase all the participants’ wealth.
The cons of globalisation
- Free trade doesn’t necessarily amount to fair trade.
- Globalisation widens the gap between the rich and the poor, i.e. it helps the rich get richer and the poor, comparatively, poorer.
- Huge multinational corporations are benefiting at the expense of economies, farmers, workers and the environment.
- Multinational corporations yield too much power, at times even over the independence of developing countries.
- Promotes ‘Americanisation’, thereby fading away cultural diversity, and our own unique cultural identity.
- Workers are exploited in countries that do not have the right or means to organise for better working conditions and pay.
How do I know this?Department of Foreign Affairs and Trade website 2005,
ASEAN Regional Forum (AFR)—ARF annual security uutlook 2005: Australia,
http://www.dfat.gov.au/arf/documents/security_outl...Healey, Justin (ed) (2005),
Debating the issues, The Spinney Press, Australia
Porter. K, ‘Globalization: good or bad?’,
About.com,
http://globalization.about.com/cs/whatisit/a/gzgoo...Porter, K ‘Globalization: what is it?’,
About.com,
http://globalization.about.com/cs/whatisit/a/whati... Porter, K ‘The best writing on globalization’,
About.com,
http://globalization.about.com/cs/greatarticles/a/...