#14 Globalization

Globalization is becoming an issue that is effecting billions of people throughout the world, both positively and negatively.

Globalization is the 'growth' of a company to a worldwide scale. The main reason companies are becoming able to expand to become such massive entities is mainly because of the internet and modern technology that has made it possible for people to communicate across the world.

Globalization can be seen as a positive step forward, the unification of people through the world can lead to competition between companies, which in itself will lower consumer prices, and encourage more consumer spending which will promote the global economy  - however the cons that are associated with Globalization cannot be ignored, especially when so many people are affected by them.

I am of course talking about the unfortunate fact that some companies take advantage of the poverty that some people in third world countries are forced to live in. These companies rely on the desperation of the poor to fuel their industry - offering them very low paying jobs that barely keep them supported. However some may argue that these low paying jobs are the only chance that these desperate people have of survival - and that these companies are keeping them alive.

There is no clear cut solution to this problem, which is more important? - the global economy , and the sustenance of companies that offer jobs to millions of people across the globe - or the development of third world nations and the encouragement for their lower classes to get an education and attempt to break the cycle of poverty.