Assessing Globalisation: Benefits and Drawbacks of Trade and Integration

According to Kohut (2008), people around the world have diverse opinions on globalisation. The support for globalisation ultimately depends on what it can bring to individuals and the countries. Globalisation has boost economic growth through trades, investment and free enterprise. This is largely welcomed in developing nations but losing support in the richer nations such as America and Italy. In addition, people around the world have started to notice the drawbacks such as uneven benefits among the people, resulting in widening income gap. Also, the environment has been compromised, and more people are willing to forgo economic boost to reverse the situation. Other issues include the loss of native cultures and traditions. Many consider the United States as the cause for these concerns, as its economy and culture have the most impact on globalisation. In addition, influx of immigrants is also seen as a problem due to globalisation. Although the increase may be due to other reason such as potential war, most of them had moved to look for better job opportunity and education in the more developed countries. Increase in immigrants often results in anxiety and is seen as a big problem by the natives.