Twelve Reasons Why Globalization is a Huge Problem

Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss  real-world problems. In particular, they miss the point that the world is finite. We don’t have infinite resources, or unlimited ability to handle excess pollution. So we are setting up a “solution” that is at best temporary.

Economists also tend to look at results too narrowly–from the point of view of a business that can expand, or a worker who has plenty of money, even though these users are not typical. In real life, the business are facing increased competition, and the worker may be laid off because of greater competition.

The following is a list of reasons why globalization is not living up to what was promised,  and is, in fact, a very major problem.

1. Globalization uses up finite resources more quickly

2. Globalization increases world carbon dioxide emissions.

3. Globalization makes it virtually impossible for regulators in one country to foresee the worldwide implications of their actions.

4. Globalization acts to increase world oil prices.

5. Globalization transfers consumption of limited oil supply from developed countries to developing countries.

6. Globalization transfers jobs from developed countries to less developed countries.

7. Globalization transfers investment spending from developed countries to less developed countries.

8. With the dollar as the world’s reserve currency, globalization leads to huge US balance of trade deficits and other imbalances.

9. Globalization tends to move taxation away from corporations, and onto individual citizens.

10. Globalization sets up a currency “race to the bottom,” with each country trying to get an export advantage by dropping the value of its currency.

11. Globalization encourages dependence on other countries for essential goods and services.

12. Globalization ties countries together, so that if one country collapses, the collapse is likely to ripple through the system, pulling many other countries with it.


Kaut arī patiesi, tas viss nav svarīgākais. Svarīgākais ir cilvēces spēja atrisināt globālās problēmas – neatgriezeniska klimata maiņa, masveida bojāejas karu, slimību vai resursu izbeigšanās dēļ. Priekš tā globalizācija ir vajadzīga – tā paātrina cilvēces skrējienu. Vai nu uz bojāeju vai arī uz apdraudējuma apzināšanos. Kurš process iestāsies pirmais? Šķiet, ka tie notiks vienlaicīgi, tas nozīmē daļēju bojāeju. I.V.


About basicrulesoflife

Year 1935. Interests: Contemporary society problems, quality of life, happiness, understanding and changing ourselves - everything based on scientific evidence.
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