Sunday 8 September 2013

ES1102 Final Draft for Summary Exercise On "The Double Edge of Globalization"

In “The Double Edge of Globalization” (Chanda, 2007) states that globalization brought about positive and negative impacts. Improvement in cooperation among influential parties in the world is paramount in dealing with these global negative impacts.

Positive impacts consist of rapid industrializing of countries, increase trading among countries and split-second relaying of information worldwide. The increase in trade and industrialization also resulted in adverse environmental impacts such as deforestation, pollution and global warming.

These adverse environmental effects are not localized and thus, raise global concern. Efforts by non-governmental organizations in alleviating environmental impacts have had limited success due to their lack of influence. Therefore, to ensure better success at dealing with environmental impacts, countries, global powerhouses and international bodies in the world should learn from past success. For example, The Montreal Protocol, where cooperation among countries and international bodies led to the reduction in size of the ozone hole.

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