What is the cost of Globalization?

            The theory of Globalization has been brought up numerous times throughout my years of studies as a Communications major. This process has changed the behaviour of the modern world, in relation to economic and corporate control. Globalization is based around global integration, which explains how technology has broken down our world’s borders and unites us as one. This integration has made the world feel like a much smaller place as individuals from different geographical locations can connect with one another with ease. The physical method by which globalization occurs differs from its conceptual meaning. This is due to the fact that globalization does not bring equality to all people, but in actuality it favors certain groups over others. There are three myths that are affiliated with globalization, the first myth regarding inevitability and equality. The second myth being free trade, and thirdly, the myth that suggest that globalization will rid the world of poverty on a global scale. Globalization creates a false belief about free trade, as in reality it is anything but free. Corporations affect the policy makers and facilitate various other examples of non-obvious trade barriers in order to control the outflow of wealth and their countries economic position. In other words, corporations such as McDonalds support such a large percentage of specific countries’ economies that they can change the laws of trading within them.

            Globalization has the ability to unite many cultures and people from all over the world. This process is transforming the world from a mixture of diverse countries and societies and forming one monoculture. While this may sound positive, it is just another way for corporations to exploit countries that have economic struggles and continue to breakdown cultures in other places.