Critically discuss the view that anti-globalisation arguments Essay - 10

Critically discuss the view that anti-globalisation arguments seriously undervalue the benefits that globalisation has delivered for all countries - Essay Example The work will further delve into the arguments which support globalization by presenting evidence of its contribution to poverty eradication. Finally, a conclusion will be drawn based on the evidence presented. Globalization has been defined in many different ways. Most of these definitions have their basis in the different schools of thoughts in existence. Globalization is not only an economic phenomenon but also a socially constructed and a vibrant process which is constantly being transformed by human activity (Zhang, 2003 pg, 7). This account therefore presents globalization as a multidimensional phenomenon and not just a simple conventional material process (Zhang 2003). It is important to note here that the term lacks a generally accepted definition; however one common application is that which puts it as â€Å"a process of increasing connectivity, where ideas, capital, goods, services and people are transferred across country borders† (Yeates, 2009). Poor countries suff er the numerous problems associated with globalization. For instance, competition and interdependence between world top economies that always experience stiff rivalry. This is particularly seen when considering the trading in products and service, movement of money, labor employment and environment. Following these, the domestic market condition and policies of the underdeveloped nations lack the power to influence the domestic economic advancement in such nations. Globalization carries the ability to bring new opportunities for the developing countries including access to global market and transfer of technology. This enhances productivity and improves efficiency in such countries (Thorgren, 2010). Globalization is sharply contested based on the varied perspectives built by different people. According to The Economist, (2008, pg 14) the clashing perspectives on globalization can be traced to issues such as different background experiences, faiths and denominations