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Globalization is supposed to be good for all, either developing countries or developed countries. However, there is always a few man-made side effects that not only Malaysia cannot avoid, but also every other countries that invite globalization into their homeland. Globalization has its own flaw, the one that affects many countries and millions of people all over the world, economically and financially. The anti-globalizers may view this as a way to stop globalization from spreading its wings to other part of the world by implying that globalization promotes nothing but poverty and inequality. On the other hand, pro-globalizers think that it actually helps the poor and disagreed with the “globalization is making the rich richer and the poor poorer” statement that the anti-globalizers came up with.
Malaysia went through a lot of progress since the era of globalization. We've improved so much from the economic, politic, social and cultural point of view. It is said that globalization is a threat to our local culture and that it will one day be trample by the global ‘consumer' culture introduced by the advance technology. But there is no 100 percent truth in it as culture lives in the heart and upbringing of people, not in the technology. As long as people hold on tightly to their belief and the sense of unity in each races and in between races are strong, nothing could possibly wrecked people's sense of community and social solidarity, not even globalization. Sadly, in order to gain what we have now, our ecosystem has been severely damaged due to over exploitation of fragile natural resources such as forest and fisheries. Although the Malaysia government has enforced several laws to protect our precious treasure, but the greed of human beings to stay ahead and to become financially powerful has blinded their sight to see what they are doing towards our ecosystem. This proved that globalization comes with a very expensive price to pay.
The main problem of globalization that cause people to think of it as a ‘beast' instead of ‘beauty' is the unstable global financial system which affected poor countries the most, leaving them burdened with unsustainable debt. According to Joseph Stiglitz, “Economic theory does not say that everyone will win from globalization, but only that the net gains will be positive, and that the winners can therefore compensate the losers and still come out ahead” (Guardian, Sep 8, 2006). As we know, globalization raises everyone's standard of living. Life to those with low wages will become less affordable and much more miserable. Government must strive for efficiency and try to find a cure to this global ‘disease' that the undeveloped country has been suffering for ages. Globalization should be the unstoppable force for development, providing people with a comfortable, modern yet healthy life, not the other way around. In Malaysia, globalization can be clearly seen in the urban area such as Kuala Lumpur. The cost of living in Kuala Lumpur is so high that people have to work extra hard in order to keep up with the violently fast pace and there used to be people who lived in a squatter houses. Then, it was demolished by the government, and the squatter residents were provided with a low cost housing. This shows that globalization works both way and the government is responsible for maintaining the security and economic welfare of their citizens.
Globalization should not be view as a threat or ‘hidden enemy' but it should be consider as a ladder to climb up to the top of a more sophisticated political changes, more stable economic status and more advanced technology that will improve our social and culture. Although it causes widespread of misery, disorder and unrest, but it also provides people with a new markets and wealth. Therefore, globalization can be said act as a catalyst to development and discovery in one successful nation. The most important is that countries be given the right and space to review the impact of globalization and decide for themselves which aspects are good for future use and which aspects should be ignore. Improving our understanding of globalization will help us to come up with an elixir that aimed at both relief and the causes of it. There are many policies that can benefit all people, either developing or developed countries, thus, providing globalization with the popular legitimacy that it currently lacks. Globalization is not unalterable as it is comprises of a policies and a set of concepts created by human beings and therefore it can be modified, re conceptualized and altered to suits the need of our country. We can think of globalization as medium of transport, a boat that has many passengers on board, which represents different countries. Everyone has the same goal which is to reach the port, but due to several unavoidable problems, not all passengers managed to reach the port. Every country ride the globalization's waves, but not all succeeded in becoming the world leader as each country has a different pace to catch the globalization's current.
Changes of globalization from several sectors are bind together in very complex manner, making it rather difficult to summarize all the positives and negatives effects. Overall, globalization has done a tremendous job in Malaysia, making us one of the successful world leaders. Globalization has enormous potential and as long as it is properly managed, it will affect all parties involved.