Globalisation
has facilitated the connection of citizens across the world and has enabled dynamic
exchanges in communications and cultural mobility. However, such a process also
entails negative effects to its consumers. In an open talk organised by TED
(2009), Goldin addressed key issues that the world faces as a result of
globalization. While creating opportunities for development in areas such as
technology and genetics, globalization has also accelerated inequality and
complexity. Among the difficulties due to
globalization, inequality is probably the most eminent issue that would continue
to plague societies if it is not managed well. At present, inequality is
experienced by many societies around the world and is not only limited to the less developed nations. America, for example,
is a well-developed country which is known for unequal income distribution and
education opportunities (Stiglitz, 2013). In assessing the issues of
inequality, education and political policies may be crucial factors that will aid
to eradicate this problem.
Equality in
a country might still be difficult to attain, despite careful planning and
execution of comprehensive policies. Taking Singapore as an example, mandatory
education is a highly relevant policy which may aid in achieving social
equality. Such fair education opportunities could eventually create a homogeneous
and knowledgeable pool of talents. However, as globalization and advancing
technologies continue to push the speed of progress and development, it becomes
more challenging to produce enough qualified talents to cater to the expanding economy.
To relieve the situation of an insufficient workforce, many countries and Singapore
included, introduce foreign employees to help steer their economy. Although
this may enhance economic progress, the social competition it presents might
deprive locals of employment opportunities. Unattended, domestic growth may
proceed at the expense of individuals who are unable to catch up, hence tipping
the balance of social and economic distribution. Therefore, a balance between achieving
national growth and ensuring social equality is usually difficult to attain.
Even with these
challenges, an egalitarian society is still attainable if the appropriate
development schemes are executed. Inequality is often experienced when wealth
distribution within a country is uneven; this could be due to high unemployment
rates or more fundamentally, insufficient access to opportunities for
development. To avoid such situations, policies could be designed to nurture
more local talents by providing quality education and technical experiences to
improve employability and not just by expanding a talent pool quantitatively. By
boosting the competency of local individuals, employment rates would increase
and social inequality within a country can be largely minimized. Therefore, a
focus on internal progression would ensure accessibility to employment opportunities
to a wider local audience so that a balanced social distribution could be
attained.
Consequences
of inequality such as social and income gaps can be mitigated with a strong
foundation in education. Emphasis in education can diminish inequality by
equipping people with knowledge so that they have better, and equal, standing
in the industry. With globalization driving the expansion of the technological
sector, it is easy for a society to fall behind without the resources of a
knowledgeable workforce. Only a nation strongly equipped with a literate and
skillful workforce would be able to drive a relevant economy with emphasis on
technological advancements. Hence, policies could probably look into ways to
introduce novel industrial technologies during the course of education and provide
specialist training for prospective employees. With this, more citizens would
be readily equipped to participate in the economy and demands of the future
could be better anticipated. This in turn increases the productivity and
efficiency of the economic sector, which would contribute to financial growth
of the nation and enables the government to distribute funds to help the needy
who are struggling financially in the society. In this way, the repercussions
of inequality effected in the widening social and income gaps can be bridged by
a good economic capital built upon a strong emphasis in education.
A
well-educated workforce also enhances self-sustainability as it reduces a
nation’s dependency on foreign employees to drive the economy. With this
independence, employment for the locals would increase, creating more
opportunities for locals to develop themselves in education and in the working society.
With educational expertise and stable jobs, individuals would be able to better
provide the basic necessities like housing, health care and education for themselves
and their children. Therefore, instead of focusing on increasing the diversity
of human capita in a country, policies could seek to enforce employment
stability for the locals so that more individuals can contribute to the economy
and the number of idle citizens would be reduced. By motivating citizens with the
assurance of education and employment opportunities, a country may build a highly
self-dependent society which is also crucial in achieving a well distributed
society in terms of social standing and wealth.
To sum up,
globalization would inevitably aggravate uneven distribution in social and
wealth due to the dynamics and rapid progress it entails. Despite these
difficulties, it may still be possible to reduce the extent of such disparities
through the execution of comprehensive collaborations between political
policies and academic structures.
Citation:
1. Stiglitz, J.E. (2013). Singapore’s lesson for an unequal America. Retrieved from http://opinionator.blogs.nytimes.com/2013/03/18/singapores-lessons-for-an-
unequal-america/