
Image Courtesy of Pixabay

Image Courtesy of Wikipedia
One positive aspect to come out of the globalization of world markets is the increase of quality of living for developing countries of the new world order. In both China and India life spans have increased, their infant mortality rates have decreased and the amount of people who can read has skyrocketed (Masson). Due to these numbers you can see that peoples of the developing world are becoming modernized and thus are able to achieve better standards of living. With better standards of living and higher wages people are able to change the way they spend their lives. India in particular is a great example. In 1990 the average yearly income in India was less than 1000 dollars. It has tripled since since that time period (Tabarrok). Because of this local businesses have adapted to provide services such as travel assistance for the weary IT worker (Schifferes). With more travel and more cash flow the India people are able to afford luxuries that they used to not be able to have, like owning a car or just owning a home (Schifferes).
Courtesy of Wikipedia
Another positive impact in the race of integration of money markets is that, as the money markets grow, and the quality of life improves for other people, we now become able to bring more minds to the table to solve our problems. The fact is that right now only 1/10th of 1% of the population of the world are scientists or engineers (Tabarrok). We can see what they have accomplished, many of the world's countries have begun to move out of poverty and to a more rounded prosperity. This has been accomplished by the globalization of technology and communication. As the internet has brought information to the fingertips of students from Hong Kong to Vietnam, their education levels have increased dramatically due to their need to modernize production (Castells). Thus, if we continue in this path, more people will be educated. As more people are educated, and other countries raise themselves to the wealth level of the United States, there could be 5 times the amount of people working on scientific problems rather than working in the fields (Tabarrok). Also with the ability to outsource lower skilled jobs, the United states is able to focus on fields of advancement where we have a comparative advantage such as aviation, financial services, higher education and intellectual properties (Uchitelle). Thus we all benefit when other countries get rich.

Courtesy of Pixabay
However, not everything smells like roses as the anxiety levels of regular people have increased. One source of this anxiety is the feeling of regular workers who feel marginalized in an economy that is gearing more to comparative advantage (Collier 146). Collier goes on to say that this can be mitigated by the state institutions providing the additional education to be successful in the new world order. However given the ongoing debate in the United States about education and the government, that has not materialized. In fact, according to the American Council on Education, if the current trends continue then state funding for higher education will reach zero by 2056 (Mortenson). Another source of anxiety is the fact that globalization is leading to homogenization of cultures (Collier x). Individuals see their traditions as part of their personal identities. As globalization continues cultures and customs are mixed and result in a loss of those cultures and indigenous peoples. In fact, the homogenization is really the export of the American way of life to other cultures (Friedman). Yet there are still more sources of anxiety, as Friedman points out, which is one of the defining factors of globalization: fear of the rapid change that you can’t see, touch or feel. People are in a continual state of flux. They have no support system because their jobs, community and workplace can be changed at any moment. Andy Grove, a CEO for intel stated this time period is characterized by innovations that are taking place at a faster and faster rate. He continues to say that only the paranoid will survive by staying on foot in front of their competitors (Friedman). Society has become so driven that even nations who try to curb the need for constant work get push back from their businesses when they try legislate decreased the working hours for employees. Employers understand that to do so will put them at a disadvantage to their competitors and thus they will lose business (Friedman). Maslow considered in his groundbreaking work in 1954 what a person needs to reach self actualization, and thus self happiness. He called it the Human Hierarchy of Needs. He argued that some of the base needs of humans are a home, cloths and food (Maslow). If one has constant anxiety over the possibility of losing your job, then one is not able to reach the self actualization. Maintaining a stable job is crucial for stable food, clothing and housing. Thus while the quality of life has gone up in many places financially, people’s enjoyment of life has decreased significantly in this hustle and bustle world where you are constantly at your boss’s call.
Courtesy of Pixabay
The second point that I will bring up is the “Wal-Martization” (The New York Times) of the world. While it is true what Tabarrok says about bringing other societies up does not diminish Americans or their abilities, the lack of educational opportunities does. He does not take into account the fact that income inequality from the plethora of low cost labor has driven down wages in developed countries (Schifferes). Due to this, low skilled workers are not able to pay for the skyrocketing costs of higher education (Mortenson). Thus they are unable to contribute to those industries where America has a comparable advantage. We changed the rules on them mid way through their lives! In fact, recent data shows that the middle class is on the decline. In 2015, the government released data clearly stating that middle income families are the minority (Geewax). The Pew Research Center determined that due to factories closing, outsourcing, and other economic factors the middle class has decreased consistently over the past 4 decades. This is the same time frame that Tabarrok proclaims has been the boon for India and China. The fact is that globalization has crippled the unions who are now under threat of outsourcing. The collective bargaining process is no longer applicable because the business can simply move shop easier than lifting wages. A study done in Great Britain found that, while Unions are attempting to argue from different fronts, their general strategy at this point is to get job securities applied by the government rather than the employers (Hicks). Unfortunately in today’s hotly contested American politics, the likelihood of getting such job security passed into law is as likely as surviving a thousand foot fall from an airplane without a parachute. Thus lowered incomes for American families prohibit the type of comparative advantage because the families can no longer afford to educate themselves to fulfill these highly skilled jobs.
Thus you see that globalization, with its boons for some and detriments to others is something that we are dealing with on an unprecedented scale. Globalization by definition is the integration of the world and bringing it into an interconnectedness not witness in human history in the past. In this paper I have reviewed the pros and the cons of the argument for it. I also provided valuable, current information and research to help inform the reader about the predicament we are in. Hopefully, humankind finds a way to increase everyone’s quality of life without subtracting from others, as the current model does.
Castells, Manuel. "Information Technology, Globalization and Social Development." United Nations Research Institute for Social Development. United Nations, Sept. 1999. Web. 11 Feb. 2016. <http://www.unrisd.org/unrisd/website/document.nsf/70870613ae33162380256b5a004d932e/f270e0c066f3de7780256b67005b728c/$FILE/dp114.pdf>
Collier, Paul, and David Dollar. Globalization, Growth, and Poverty: Building an Inclusive World Economy. Washington, DC: World Bank, 2002. Google Books. Oxford University Press, 2002. Web. 11 Feb. 2016. <https://books.google.com/books?hl=en&lr=&id=p3D_BYtXXQcC&oi=fnd&pg=PR13&dq=Increase anxiety as world globalizes&ots=GIZtMY7fcr&sig=teP9wpw3TYvOsOzbHkookP2vpvI#v=onepage&q=anxiety&f=false>.
Friedman, Thomas L. "Tourist with an Attitude." The Lexus and the Olive Tree. Farrar, Straus & Giroux, May 1999. Web. 11 Feb. 2016. <http://www.thomaslfriedman.com/bookshelf/the-lexus-and-the-olive-tree/excerpt-chapter-1>.
Geewax, Marilyn. "The Tipping Point: Most Americans Are No Longer Middle Class." Living Wage Calculator. MIT, 10 Dec. 2015. Web. 12 Feb. 2016. <http://livingwage.mit.edu/articles/13-the-tipping-point-most-americans-no-longer-are-middle-class>.
Hicks, Alexander, and Thomas F. Remington. "Organized Labor in a Globalized World: The Impact of Increasing International Economic Integration on the Strategies of Trade Unions." Electronic Theses And Dissertations. Emory University, 2013. Web. 12 Feb. 2016. <https://etd.library.emory.edu/view/record/pid/emory:d7bpp>.
Lechner, Frank. "The Globalization Debates." The Globalization Website. Emory University, 2001. Web. 11 Feb. 2016. <http://sociology.emory.edu/faculty/globalization/debates.html#meaning>.
Maslow, Abraham H. A Theory of Human Motivation. Start LLC. Google Books. Oct. 2012. Web. 11 Feb. 2016. <https://books.google.com/books?id=nvnsAgAAQBAJ&printsec=frontcover&dq=psychological+repercussions+of+not+meeting+maslow%27s+hierarchy&hl=en&sa=X&ved=0ahUKEwj2mNmCwfHKAhXGeSYKHRXVCbAQ6AEIMDAD#v=onepage&q&f=false>.
Masson, Paul. "Globalization: The Story Behind the Numbers." Finance & Development, March 2002. International Monetary Fund, Mar. 2002. Web. 11 Feb. 2016. <http://www.imf.org/external/pubs/ft/fandd/2002/03/picture.htm>.
Mortenson, Thomas. "State Funding: A Race to the Bottom." American Council on Education. Winter 2012. Web. 12 Feb. 2016. <http://www.acenet.edu/the-presidency/columns-and-features/Pages/state-funding-a-race-to-the-bottom.aspx>.
Schifferes, Steve. "Globalisation Shakes The World." BBC News. BBC, 21 Jan. 2007. Web. 11 Feb. 2016. <http://news.bbc.co.uk/2/hi/business/6279679.stm>.
Slaughter, Matthew J., and Phillip Swagel. "Economic Issues 11--Does Globalization Lower Wages and Export Jobs?" International Monetary Fund. IMF, Sept. 1997. Web. 11 Feb. 2016. <http://www.imf.org/external/pubs/ft/issues11/>.
Tabarrok, Alex. "How Ideas Trump Crises." TED. TED Talks, Feb. 2009. Web. 11 Feb. 2016. <https://www.ted.com/talks/alex_tabarrok_foresees_economic_growth?language=en>.
Uchitelle, Louis. "To Mend the Flaws in Trade." The New York Times. 30 Jan. 2007. Web. 11 Feb. 2016. <http://query.nytimes.com/gst/fullpage.html?res=9F04EFD9143FF933A05752C0A9619C8B63>.
"The Wal-Martization of America." Opinion Page. The New York Times, 13 Nov. 2003. Web. 12 Feb. 2016. <http://www.nytimes.com/2003/11/15/opinion/the-wal-martization-of-america.html>.
Thus you see that globalization, with its boons for some and detriments to others is something that we are dealing with on an unprecedented scale. Globalization by definition is the integration of the world and bringing it into an interconnectedness not witness in human history in the past. In this paper I have reviewed the pros and the cons of the argument for it. I also provided valuable, current information and research to help inform the reader about the predicament we are in. Hopefully, humankind finds a way to increase everyone’s quality of life without subtracting from others, as the current model does.
Bibliography
Castells, Manuel. "Information Technology, Globalization and Social Development." United Nations Research Institute for Social Development. United Nations, Sept. 1999. Web. 11 Feb. 2016. <http://www.unrisd.org/unrisd/website/document.nsf/70870613ae33162380256b5a004d932e/f270e0c066f3de7780256b67005b728c/$FILE/dp114.pdf>
Collier, Paul, and David Dollar. Globalization, Growth, and Poverty: Building an Inclusive World Economy. Washington, DC: World Bank, 2002. Google Books. Oxford University Press, 2002. Web. 11 Feb. 2016. <https://books.google.com/books?hl=en&lr=&id=p3D_BYtXXQcC&oi=fnd&pg=PR13&dq=Increase anxiety as world globalizes&ots=GIZtMY7fcr&sig=teP9wpw3TYvOsOzbHkookP2vpvI#v=onepage&q=anxiety&f=false>.
Friedman, Thomas L. "Tourist with an Attitude." The Lexus and the Olive Tree. Farrar, Straus & Giroux, May 1999. Web. 11 Feb. 2016. <http://www.thomaslfriedman.com/bookshelf/the-lexus-and-the-olive-tree/excerpt-chapter-1>.
Geewax, Marilyn. "The Tipping Point: Most Americans Are No Longer Middle Class." Living Wage Calculator. MIT, 10 Dec. 2015. Web. 12 Feb. 2016. <http://livingwage.mit.edu/articles/13-the-tipping-point-most-americans-no-longer-are-middle-class>.
Hicks, Alexander, and Thomas F. Remington. "Organized Labor in a Globalized World: The Impact of Increasing International Economic Integration on the Strategies of Trade Unions." Electronic Theses And Dissertations. Emory University, 2013. Web. 12 Feb. 2016. <https://etd.library.emory.edu/view/record/pid/emory:d7bpp>.
Lechner, Frank. "The Globalization Debates." The Globalization Website. Emory University, 2001. Web. 11 Feb. 2016. <http://sociology.emory.edu/faculty/globalization/debates.html#meaning>.
Maslow, Abraham H. A Theory of Human Motivation. Start LLC. Google Books. Oct. 2012. Web. 11 Feb. 2016. <https://books.google.com/books?id=nvnsAgAAQBAJ&printsec=frontcover&dq=psychological+repercussions+of+not+meeting+maslow%27s+hierarchy&hl=en&sa=X&ved=0ahUKEwj2mNmCwfHKAhXGeSYKHRXVCbAQ6AEIMDAD#v=onepage&q&f=false>.
Masson, Paul. "Globalization: The Story Behind the Numbers." Finance & Development, March 2002. International Monetary Fund, Mar. 2002. Web. 11 Feb. 2016. <http://www.imf.org/external/pubs/ft/fandd/2002/03/picture.htm>.
Mortenson, Thomas. "State Funding: A Race to the Bottom." American Council on Education. Winter 2012. Web. 12 Feb. 2016. <http://www.acenet.edu/the-presidency/columns-and-features/Pages/state-funding-a-race-to-the-bottom.aspx>.
Schifferes, Steve. "Globalisation Shakes The World." BBC News. BBC, 21 Jan. 2007. Web. 11 Feb. 2016. <http://news.bbc.co.uk/2/hi/business/6279679.stm>.
Slaughter, Matthew J., and Phillip Swagel. "Economic Issues 11--Does Globalization Lower Wages and Export Jobs?" International Monetary Fund. IMF, Sept. 1997. Web. 11 Feb. 2016. <http://www.imf.org/external/pubs/ft/issues11/>.
Tabarrok, Alex. "How Ideas Trump Crises." TED. TED Talks, Feb. 2009. Web. 11 Feb. 2016. <https://www.ted.com/talks/alex_tabarrok_foresees_economic_growth?language=en>.
Uchitelle, Louis. "To Mend the Flaws in Trade." The New York Times. 30 Jan. 2007. Web. 11 Feb. 2016. <http://query.nytimes.com/gst/fullpage.html?res=9F04EFD9143FF933A05752C0A9619C8B63>.
"The Wal-Martization of America." Opinion Page. The New York Times, 13 Nov. 2003. Web. 12 Feb. 2016. <http://www.nytimes.com/2003/11/15/opinion/the-wal-martization-of-america.html>.