The Impact of Globalization

Globalization has become an essential part of our lives, whether we realize it or not. It is what allows developing nations such as Southeast Asia countries to grow and become economically successful in a short duration of time. However, there are various risks that are associated with globalization. One point that the documentary made was that powerful nations no longer need a strong military in order to conquer weaker nations. Rather, through globalization, these powerful nations are able to make the weaker nations open up their markets, indirectly cause their economies to fail, and make them ask them for help. When this happens, these powerful nations step in and take control of their internal policies and government. When this happens, the powerful nations "have effectively conquered the weaker nation." In this sense, globalization is a necessity for third world countries but also something that nations and even corporations can use in order to take advantage of these developing countries.