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ValentinkaMS [17]
3 years ago
5

What does globalization threaten ?

Geography
1 answer:
AURORKA [14]3 years ago
6 0

The correct answer is - folk cultures.

The globalization is a process that has its positives and negatives, thus it has its supporters and critics. This process has been gradually connecting people all over the world, get the countries to collaborate better in political and economic ways, as well as spreading out a certain type of culture, mainly the Western culture.

The spreading of the Western culture, with the globalization, unfortunately, threatens the folk cultures all around the world. The younger population are seeing the Western culture as superior and cool, so they are trying to practice it, while in meantime they are neglecting their own traditional culture, so nowadays, lot of the folk cultures, especially the smaller ones, are struggling to survive.

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Some studies show that globalization has been associated with rising inequality, because the poor do not always share in the gains from trade. An example of this is the coffee trade. Coffee is the second most traded commodity in the world, yet most of its growers only make 10% of what it eventually sells for. However, when farmers have access to credit, technical know-how, and social safety nets such as income support, trade can benefit the world’s poor.

The book argues that export growth and incoming foreign investment have proven to reduce poverty. But, at the same time, trade and foreign investment alone are not enough to alleviate poverty. Increasing access to education and credit, as well as improved infrastructure, are necessary in order to see real progress. Echoing that idea, Harrison concludes that globalization can benefit people living in extreme poverty, but only if the appropriate complementary policies and institutions are in place.

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