Table of contents Pro-globalization view from the perspective of developed countries: Pro-globalization view from the perspective of developing countries: Anti-globalization view -globalist from the perspective of developed countries: Works CitedThis essay will focus on the following two views; Pro-globalists and anti-globalists and how they can be viewed from two different perspectives, one from a developed country and the other from a developing country. Both see globalization as an opportunity and a threat in their own context. While discussing the pros and cons of globalization, we must keep the context of the impact of globalization on three different aspects: economic, political and cultural. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Pro-globalization view from the perspective of developed countries: Globalization from an economic point of view will result in optimal utilization of resources across the world. Generally, the cost of resources is high in developed countries. Businesses can get resources from anywhere in the world, wherever the cost is minimal and cheaper. This helps reduce manufacturing costs and will benefit the customer. Ultimately, customers will get cheaper products, which will improve their standard of living by increasing their purchasing power. From an economic point of view, globalization allows companies to increase their sales by conquering new markets. With multiple markets across the world, businesses will have sales cycles that extend throughout the year. This allows businesses to remain competitive. If companies need a specific skill set, like someone else in the world, globalization allows companies to hire that person. They do not need to depend on their local human resources. This will again constitute an economic advantage for businesses, even if it represents a cost. With globalization, people will speak common languages ​​like English. When people from different regions speak the same language or can teach each other their own language, culture spreads more easily, which can bring a new form of trust in trade with other countries. This also results in a lot of movement of people from one country to another to pursue their career goals. This will result in the development of cross-cultural bonds between different races of people interacting with each other. With globalization, many countries simply depend on each other. This creates increased interdependence on each other and countries will think twice before starting a war because countries at war risk losing investors, meaning markets can then negatively affect their economies. This, in turn, brings, if respected, political stability across the world. Pro-globalization view from the perspective of developing countries: The most important point from the perspective of a developing country is that it contributes to the economic growth of developing countries. Opening up the economies of developing countries will help foreign investors to invest freely in these markets and make local manufacturers globally competitive. Globalization also allows the diffusion of technological advances throughout the world. Typically, developed countries invest a lot in research and are at the heart of most of the inventions we have today. With globalization, the same technology can beaccessible to the masses all over the world almost at the same time. This allows developing countries to operate at the same level as developed countries. This results in a huge economic benefit for developing countries, as the “technology gap” between developing and developed countries has been reduced. Globalization will create new employment opportunities in developing countries. This will in turn lead to a flow of foreign currency into the economy, which is a huge bonus. A higher inflow of foreign exchange will boost the economy as a whole. Stimulated economies lead to higher standards of living with better living conditions, better health and civic amenities. The political perspective tells us that this will enable developing countries to establish and build ties with developed countries and make allies in the international forum. The anti-globalization view from the perspective of developed countries: The creation of new employment opportunities for those living in developing countries comes at the expense of developed countries. existing jobs in the host country. Companies that end their employment activities in the host country result in the dismissal of people who find themselves directly unemployed. For this reason, people in developed countries are lost, they do not benefit at all from the costs saved by offshoring jobs to developing countries. Globally widespread technologies provide competitive advantages to developed countries. The majority of research done on the technology front has been government funded and has been done with the taxpayer money of the people of developed countries. Since developing countries now have access to the same technologies, the economic gap with their developed counterparts has narrowed. This is now leading to the loss of additional jobs where developing countries rely on technologies to provide competitive products to developed country markets. Ironically, it seems that the developed countries themselves have somehow financed their downfall. Due to globalization, people from a country who still want to progress in their careers, for example those who come from developing countries, have moved to settle down. in developed countries and instead of continuing with the exact culture of their country, they bring their own culture, which then results in culture shock for the original inhabitants of the country. With the initiative of developing countries like India and China, developed countries have lost their usual bargaining power in international trade due to their long dependence on these economies. For example, a country like Zambia found itself in debt because of its natural resources and agriculture. that the land had to offer, they were offered loans to pay their debts, but they were dragged further into debt and the people of the country were forced either to work with the new terms and conditions or flee the country and leave the country. that an extremely rich country in sub-Saharan Africa was in debt was a shame for the country. The debt continued to increase from (1)814 US dollars to 3244 US dollars in just ten years and then reached even more to 6916 US dollars, which was horrendous, but they didn't have to There is no other choice than to take out loans from the IMF and the World Bank. . The reason for Zambia's debt crisis was simply the means and demand for oil. The "oil crisis" was caused by a problem linked to the increasing cost of importing oil, which then led to.