The globalization process regards economy, culture, technology, commerce and finance and create an unique system or network worldwide allowing a free, uncontrollabe circulation of capitals, industrial or commercial activities and informations, regardless States borders and laws.
This situation creates more development chances not only for legal activities, but also for recycling of money coming from illegal activities, and is consolidating the power of the great multinational Companies that can move quickly their capitals and activities in those Countries where laws allow less taxes, or less control on workers' wages, conditions and rights.

This encourages exploitment and precariousness of the work of many millions of workers, (also in rich Countries), just the first victims of this process and give to businessmen, industrials, traders, speculators, mafiosi, and so on a further chance to increase their gains.

About commerce, globalization is allowing circulation and production of goods in many Countries, but the market area of potential buyers remains always confined to the rich Countries of the world,(1/5 of world population) North America, Europe, Japan, and the upper expanding classes of the newly developing Countries (China, India, Vietnam, Korea, Thailand, Malaysia), keeping in a subordinated or marginal role the economies of all other Third World Countries, that can only provide for low-paid manpower and raw matters and have NOT enough buying power to enlarge the market.

For ex., a pair of sport shoes is produced in a poor Country like Pakistan, on the license of a great European Company, paying very little the workers who produce it in sub-human conditions that in Europe existed until 100 years ago, then refined and packed in another poor Country like Egypt and, eventually, sold in the rich "global" market of Europe or U.S.A. at a MUCH higher price, as a "griffed" sport shoes pair, surely not affordable by an average citizen of Egypt, Pakistan. or of the whole Africa.

Another negative aspect of actual globalization is that multinational Companies tend to impose their standard products worldwide, excluding local and typical products, very often better and more varied, as happens for food, clothes, and also for cultural products (mass-media, technologies, instruction). In this way, the culture, the abilities and traditions of many peoples risk to disappear or to be reduced to a marginal, folkloristic presence.

Globalization, as developing today, is only widening the great gap among rich and poor Countries, given that its benefits are limited and concentrated in the former or in the upper classes of the latter, the only available as a well-paying market; it's NOT an opportunity for all, but a new sophisticated version of the old colonial system ruled by few European powers until the half of the last century.

Learn more about this author, Aldo Bonincontro.
Click here to send author comments or questions.

---

Add your voice

Know something about Globalization: Who benefits from it??
We want to hear your view. Write now!