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

globularization is unstoppable. Even though it may be only in its early stages, it is already intrinsic to the world economy. We assume to live with it, recognize its advantages and learn to manage it, said Maria Livanos Cattaui in her article, The global economy - an opportunity to be seized (Business World, 1997). Many authorities obtain that as the world enters into the twenty-first century, many economic, political, and cultural changes will get rid of place out-of-pocket to what some people argon simply business the latest buzzword. The fact that globalisation exists is not necessarily the important replication here. Rather, the worlds eyes must focus on costs and benefits of both globalization and localization, and how countries are affected by both of these opposite tendencies of international politics. pack N. Rosenau, in his article, The Complexities and Contradictions of Globalization, defines globalization as something that is changing humankinds preoccupation with territoriality and the traditional arrangements of the pass on system. In other words, globalization is causing countries to break their territorial boundaries economically, politically, and tenderly, and in doing so, open themselves up to outside international tempts. Such worldwide 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 production faraway beyond any individual country?s boarders. According to the article, The Global Economy, by Maria Livanos Cattaui, International trade in goods and services instantly stands at more than US$ 6000 billion per year while the accumulated business of ... ...of globalization are much more uniformly widespread than the social or political benefits. Therefore, in determining whether the things gained by globalization are more fundamentally importan t to people?s lives than the things gained by localization, I would argue on the basis of sustained economic growth due to globalization, that yes, they are.Works Cited Cattaui, Maria Livanos. Global Economy. Business World, Internet. Availablehttp//www.iccwbo.org/html/globalec.htm Rosenau, crowd together 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, Peter D., and stool W. Sewell. The Challenges of Globalization. Internet. Available http//www.odc.org/ges.html