What is the "Net Effect" of Globalization?

According to the World Bank, "Globalization is the growing integration of economies and societies around the world", in short, it is the expansion of companies into other countries around the world. Whether or not this is a good thing or a bad thing, it has been debated world-wide. Globalization allows lower class people who live in poverty to have a chance to earn at least something. It also allows the middle-class citizens to earn more, this is because their jobs have been outsourced into their laps, allowing them to earn more money. This follows the Boom-and- Bust cycle, when people get more money, they buy more products, when they buy more products, companies expand to become bigger, when companies expand, there are more jobs, when there are more jobs, there more people earning more money, when people get more money, they buy more products, and so on. Because of out sourcing, many westernized people often have to work with people who aren't necessarily "westernized", depending with whom this may concern, globalization also reduces the amount of racism in our world. Along with jobs, technology is also a main part of globalization, it is often known THE source to keep in touch with people around the world. Companies such as facebook, MySpace or Skype allow indirect communication with friends in seconds. This source of technology, along with other forms of globalization tends to keep the world in one time, opinion, and speed, it tend to keep our world much more united.

Although globalization has done a lot of good deeds for earth, it also has some negative impacts, using technology for example, technology allows humans to keep in touch with friends, relatives, or even strangers. But according to Thomas Freidman (Author of "The World is Flat"), his tenth flattener stated that an excessive use of technology may lead to a much smaller world. Returning back to jobs, globalization brings in new jobs into a certain company, however, it also has some out sourced jobs. Middle-class Americans lose their jobs because there jobs have been outsourced in to a remote area like India. This increases jobless claims in America, where the government has to pay for the families expenses. The people who have lost their jobs often have to face major mortgage issues where they have to pay the government back before a dead line. Globalization has also effected the annual salary of most jobs, as the rich become richer, the poor also become poorer, creating a vast split in class, because more of the world population is poor, the numbers are increasing rapidly, creating conflict between the rich and the poor. Moving onto Culture, countries such as India, and China have had a major impact on their cultures due to globalization, bringing in changes in eating, clothing, and even behavior. This also relates back to how the rich are getting richer and the poor are getting poorer, the rich communicate more with westernized countries, having to wear clothes to fit their culture, much like sonny from the Morgan Spurlock video where Chris's job had been out sourced. While the poor communicated less with the American, and never had to change their culture. This created yet another split in culture, where the rich would be westernized, and the poor would be remain in their old cultures. Overall, globalizations has some key points that can save our world from crisis, however, it also has some key points that can create major conflicts in our world.