Summary: Assessing Globalization (Final)

In "Assessing Globalization", Andrew Kohut and Richard Wike (2008) argued that globalization has brought many disagreements among nations, both the rich and poor, as they weigh the advantages and drawbacks of the effect of economic and political changes throughout the world. They typically welcome the economic aspect; international trade from overseas companies as it has allowed their nations to prosper, especially in the less developed countries. However, for the majority of the developed countries, it has started losing their support. The free market system on the other hand, is rising in popularity. Despite the fiscal growth, many are also concerned about the downside of globalization. As the benefits of the economic feature are disparate, it leads to a growing gap between the rich and poor nations. The environment likewise, has incurred damages which caused a widespread anxiety over global warming. Hence, having protection of the environment as the top priority, people are willing to eschew economic growth. Furthermore, the loss of local and national traditions has also resulted from the soaring foreign influence. The arrival of immigration owing to globalization as well as the pursuit of a secure setting and job has caused distress particularly in Italy. Thus, if the current dilemma about globalization faced by the Western nations is not fixed, it will extend to other middle income countries and similar complications will arise. 

Reference: 
Kohut, A., & Wike, R. (2008, June 24). Assessing Globalization | Pew Global Attitudes Project. Retrieved September 21, 2013, from http://www.pewglobal.org/2008/06/24/assessing-globalization