Summary of "The Double Edge of Globalization" (Final Draft)

In the article “The Double Edge of Globalization”, Chanda (2007) states that there are pros and cons of globalization, and combined international efforts are essential to solve these problems.

Globalization has increased international trade and consumption, which contributes to the economic growth. It has also led to the improvement of global telecommunications, which enables instantaneous transmission of news and images to the world.

 

However, globalization has caused deforestation, increased pollution and global warming. The increase in consumers’ demands has led to rapid loss of forest cover worldwide. Accelerated burning of coal and use of chemicals also pollute the world's environment. Furthermore, global warming causes environmental devastation and may potentially shrink the global economy.

Governments should work together to tackle these global challenges. Montreal Protocol was a successful example of efforts in combating ozone depletion. With the commitment of nations and effective global governance, it is possible to avert these consequences.