Positive Impacts of Globalisation

Globalisation is having a dramatic effect on the world, in this post I will be looking at some of its positive impacts. Note however that it is difficult to define positives (and negatives) as opinion will be dependent on an individual’s view-point. For example the owner of a TNC is likely to have a very different opinion compared to an environmentalist!    

 

TNCs provide an opportunity for people in developing countries through employment. Money from investment in the country provides greater chances for those living there to improve their standard of living. TNCs provide capital for local economies through the purchase of local resources, products and services. This income provides the opportunity for investment into education, health and the country’s infrastructure. New jobs are created and skills are gained by workers. The developing country itself may benefit from the technologies that TNCs bring with them, in time this may encourage home-grown businesses to emerge and expand.  

 

Governments work towards common goals as there are advantages in cooperation. Globalisation has improved the ability of countries to interact, coordinate and be aware of global issues. Events in areas of the world once considered ‘far-away’ are reported globally; for example the UK was quickly made aware of the 2004 Boxing Day Tsunami and was able to send aid. Global issues such as deforestation and global warming are also know the world over and the need for sustainable development has a greater chance of being conveyed.

 

A globalised world has encouraged sharing of ideas, cultures and lifestyles. People now experience foods and other products not previously available in their countries. Culture comes in many forms a few examples include; movies, music, food and clothing. People have more variety and greater choice. Global competition encourages creativity and innovation and keeps prices for commodities and services low; benefitting the end consumer. Global media coverage draws the attention of the world to human right violations leading to improvements.

 

I hope that this post has covered some of the positive aspects of globalisation, in my next post I will look at its negative features.