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Globalisation In order to better understand what globalisation is, we should first clarify that this phenomenon could be defined

in many ways. However, in order to simplify matters, it could be said that globalization is the increasing tendency for national borders to be crossed by people , goods, services and information 1 Reading this definition it is easy to understand that the two main topics related to globalisation, and analyzed in recent studies, are 1) The effects of globalization on cultural identity 2) The effects of Globalization on economy

But of course, when analyzing a phenomenon with far-reaching consequences, as globalisation is, the dichotomy between beneficial effects and detrimental effects is inevitable. Referring to the first point, anti- globalists argue that globalisation has led to a general process of loss of cultural identity, exporting worldwide a standardized version of the Western culture and threatening the weaker cultures. On the other hand, globalists claim that, not only have globalization not destroyed local cultures, but it has also enabled people to gain knowledge of other cultures and consequently to enrich their own. Whit regards to the second point, anti-globalists point out a relevant aspect. Despite globalization might foster economic growth, it would also generate a greater economic instability and financial crisis. Furthermore, in their opinion, the overseas investments are mainly a way to take advantage of low labor costs. Globalists , instead, stress the key role of globalisation in world economic growth and believe that a more open international economy is likely to generate widespread benefits, either in the developed and in the developing societies. Moreover, they state that the existence of a global market, with global competitors, has led to an improvement of the quality of services and goods.

There is no doubt that when talking about globalisation we can look either at the bright side or at the dark one, but I would rather focus on the fact that a large number of aspects related to globalisation are not such new as we generally think. They have maybe existed since the discovery of the America. What I do consider a novelty is the power of IT, which has deeply changed our lives.

WEIGHING THE PROS AND CONS OF GLOBALIZATION by Murray Weidenbaum, A Presentation to the Woodrow Wilson International Center for Scholars, Washington, DC, March 5, 2003