Position paper on Globalization
...so gives smaller economies a chance to tap into larger ones. Overall, most countries prosper from globalization, but globalization does not automatically guarantee the benefits that all receive. My debate topic Unparalleled Growth, Increased Inequality: 20th Century Income Trends, entails many different factors that I agree with. Yes, there is increased Inequality, but only at the price of massive economic growth. As I stated before globalization is not a recent phenomena. According to Bell, the world economy was just as globalized 100 years ago, but the 20th century saw unparalleled economic growth. The integration and growth of commerce and different financial services has been attributed to modern electronic communication. In my opinion, Increased Inequality is a vital part of economic prosperity. The 20th century saw the GDP increase five-fold, which inurn caused the progress of a small amount of countries to be dispersed unevenly. The gap between poor and rich countries jumped over the last century due to many of these factors. Even though the poorest quarter of the world’s population experienced less than a three-fold increase in GDP, the richest quarter of the world’s population saw an astonishing six-fold jump in GDP this century. Globalization has dangers and an ugly side as well. However, globalization requires vigilance and the rule of law to work. I agree that there is inequality within globalization, but I also agree that there has to be some amount of inequality for it to work. In retrospect, Inequality no matter how small is never a good thing. World inequalities have been rising steadily for the last century and are even accelerating today. The poverty statistics that globalization and imperialism leave behind are startling. The UN’s estimate that nearly 1.3 billion ...