Costs and Benefits of Globalization and Localization Essay example -- G

Globalization is unstoppable. Even though it whitethorn be only in its early stages, it is already intrinsic to the sphere economy. We have to live with it, recognize its advantages and learn to manage it, said female horse Livanos Cattaui in her article, The global economy - an opportunity to be seized (Business World, 1997). Many political science agree that as the humankind enters into the twenty-first century, many economic, political, and cultural changes impart take place due to what some people are merely calling the latest buzzword. The fact that globalization exists is not necessarily the outstanding issue here. Rather, the worlds eyes must focus on costs and benefits of twain globalization and localization, and how countries are affected by both of these opposite tendencies of transnational politics.James N. Rosenau, in his article, The Complexities and Contradictions of Globalization, defines globalization as something that is changing humankinds preoccupation with territorial reserveity and the traditionalistic arrangements of the state system. In other words, globalization is causing countries to break their territorial boundaries economically, politically, and socially, and in doing so, open themselves up to outside international influences. Such universal influence has proven to have many benefits throughout the world.Through globalization, the world has seen a significant expansion of economic, social, and political benefits. Particularly, globalization has expanded investments, trade, and takings far beyond any individual country?s boarders. harmonize to the article, The Global Economy, by Maria Livanos Cattaui, International trade in goods and serve now stands at more than US$ 6000 billion per year while the hive away stock of ... ...of globalization are much more uniformly far-flung than the social or political benefits. Therefore, in determining whether the things gained by globalization are more fundamentally important to peop le?s lives than the things gained by localization, I would argue on the basis of sustained economic issue due to globalization, that yes, they are.Works Cited Cattaui, Maria Livanos. Global Economy. Business World, Internet. Availablehttp//www.iccwbo.org/hypertext markup language/globalec.htm Rosenau, James N. The Complexities and Contradictions of Globalization. World Politics 98/99. Connecticut Dushkin/McGraw Hill. Sanger, David E. After a Year, No Letup in Asia?s Economic Crisis. New York Times. 6 July 1998. Sutherland, hawkshaw D., and John W. Sewell. The Challenges of Globalization. Internet. Available http//www.odc.org/ges.html