Is Globalization fast becoming a double-edge sword esp in LEDCs(e.g.China)?

Globalization has been causing the loss of many traditional jobs of the citizens of developing countries through the entrance of multi-National Companies (MNCs) which are able to sell their products at a lower price at better quality, which the locals are definitely unable to accomplish, with their lack of economies of scale.

The ever-pervading influence of globalization has made the youths of many developing countries reach out for the cities and abandon their traditional way life and their culture for a 'better' lifestyle of developed countries. The influencing of their personal and national identities may make them reject both identities and thus be neither what they were born as, not what they aspire to be.

Irrefutable economic laws do not drive globalization, nor do ineluctable market forces govern it. And, by the same token, it has not happened by an accident of nature or divine intervention. The adverse effects of globalization have long been apparent to those on the ground in poor countries. Richer countries are now also beginning to feel their effects more widely, with the recent fall in the values of stock markets and the resulting decline in consumer confidence bringing rising unemployment and insecurity, as jobs disappear, share values are destabilized and pensions shrink.

so what are your views on this issue? do u agree that globalization is indeed a double-edge sword that carries more negative impact than positive ones? p.s most noticeable example would be China

 

globalization is good if it is people not corporates that globalize. There is not enough civil pressure on the corporations that rule the governments. And most of the times it it futile to fight the TNCs (or the MNCs) locally for they are operating internationally. There has to be global unions to fight them globally.

 

I think globalization can go fuck itself! Every time I hear about some poor fucking chinese guy building our shit, all I can think about is the american middle class living on the fucking streets starving to death. My dad is losing his job in december to the fucking chinese. The coperation knows we can't fucking compete with that and they abuse it. Simply put, I think globalization is setting us up for destruction. As far as I can tell, in a good society the middle class works in the "factories". Now say bob builds a radio part. This radio part goes into a cell phone. They sell millions of dollars worth of phones. Bob makes his paycheck, but what does he spend it on? A brand spanking new cellular phone! Of course, the new cellular phone is a metapor for another american made product. But who profits off american made products? Americans! Thats how it should be. When an american spends money, that money is being earned(part of it at least) to another american. This keeps our economy running smoothly. If the middle class does'nt make any money, the economy goes in the shitter. How do they expect to buy shit when their jobs are off in fucking china and mexico. I'm sorry, but fuck those people in china. It's either us or them.

 

dude its not the people in china you should be feeling rage toward - its the company that moved your dad's job to china so they could widen their profit margin by paying a tenth of their original payroll...


this years figures on income distribution are in.. 20% of the us pop. now takes home 50% of the countrys income..

 

Deep down, I've got much more anger at motorola than I do the chinese. But it's hard when people go on(this does'nt apply to this thread, btw) about all these people in third world countries who finally get to "make it" with the jobs we provide, yet they don't give a rats ass about their own people starving to death. It's just all fucked up.