Positive impacts of globalization
These actions contributed to the tripling of Mexico’s GDP between 19.
#POSITIVE IMPACTS OF GLOBALIZATION FREE#
In the 1980’s and 1990’s, Mexico loosened its trade restrictions, greatly reduced tariffs, and signed the North American Free Trade Agreement (NAFTA) with the United States and Canada. Globalization in Mexico has had indisputably positive effects on the national economy. Part two will explore the environmental effects of globalization, particularly in northern Mexico. In the first part of this two-part article, the positive and negative effects of globalization in Mexico will be addressed in social and economic terms. Those against say that globalization undercuts traditional labor and lifestyles while increasing wealth inequality. Those in favor argue that it raises wages and standards of living, and supports economic growth. There are many voices on both sides of the globalization argument. Mexico’s role as a globalization “testing ground” is due in large part to the extent to which the country has opened its economy to the rest of the world. Mexico, the United States’ controversy-causing southern neighbor and third largest trade partner, has served as the subject in a large-scale experiment on the effects of globalization over the last two decades. It is very important to strike balance between the positives and negatives of globalization so that balance can be restored in nature and its living species.Globalization is a hot topic these days. As species are deprived of their non- native ecosystems, there are increased chances of them spreading diseases and disrupting other natural ecosystems and their native species.Although people belonging to different cultures and countries get a chance to interact with each other, it causes a loss in tradition and values.This is because globalization takes jobs away from one country and provides it to another country hence leaving lots of people without the opportunities that they deserve. As a result of outsourcing, globalization may deprive an entire country of its jobs and resources.The most common drawback of globalization is that it is widening the gap between the rich and poor where rich people are becoming richer and poor are becoming poorer.Globalization helps in bringing different governments together so that they can work together towards achieving common goals which is a great way of spreading global awareness regarding common concerns and issues.All developing countries can benefit from the already existing technologies without the need to undergo the stress of developing any particular technology.Globalization in one country/ community leads to a sense of competition in others hence helping in keeping the prices of commodities under check during all times.This is a great way of forming closer bonds with the rest of the world. When globalization takes place across a nation, it gets wider worldly exposure in the form of food, movies, art, music, clothing, culture, etc.This leads to improvement in human rights. Thanks to the reach and influence of media these days, increased media coverage helps in drawing attention towards those parts of the world where human rights are violated for the benefit of the rich and powerful.
This is a great chance for all end- users to procure goods at low rates.