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Free EssaysEconomics CategoryGlobalizationBuy an essay
← Industrialization in the United States

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Cultural factors is the main reason why there has been an alarming decline in fertility rates in the less developed world where they have always been high. The reasons for this trend were discovered recently and are contrary to earlier speculation that development or catastrophe would actually reduce population growth. They include: success of family planning programs, use of new contraceptives, and increased awareness. In addition, more modern methods of contraception such as female sterilization have been accepted in Asia and Latin America. Studies have shown that fertility rates in urban areas are lower than in rural areas.

Globalization has allowed China to prove its economic superiority to the whole world. Increased investments in research and development have put China ahead of other economic giants. The country has been able to penetrate developing countries and secure long-term contracts. With globalization, the international trade has improved since countries that have used their comparative advantages are able to trade goods and technology. China has utilized this opportunity to market its relatively cheaper goods and technology to most Asian, African, and Latin American countries. Globalization has also enabled China to propagate its cultural interests to the rest of the world.

I am a transformationalist. Globalization should be regulated. At the international level, new networks of inclusion/exclusion should be used. Globalization may make poor countries suffer from stagnation, dumping of exports, and inferior technologies. For example, the lack of competitiveness of industrial goods from the developing countries discourages production for export. Furthermore, too much reliance on relatively cheaper imports makes countries debt-ridden because the total value of imports is always higher than that of exports. Interconnectedness will help countries have unitary stand on global issues such as governance, terrorism, and pollution. Governance should be practiced in all networks of power. This will increase interaction between places. While globalization has some benefits, it should be regulated so that powerful interests of the developed countries, such as economic sabotage and cultural domination, are checked.

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