Preview

Globalization: European Conquistadors In Latin America

Powerful Essays
Open Document
Open Document
1937 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Globalization: European Conquistadors In Latin America
8 December 2012
Globalization: Prompt #2
Globalization is a term that is used by many to describe a variety of actions. Globalization typically refers to the integration of the people, economies, and governments of different nations and is commonly driven by foreign trade, investment, and proliferation of new technology. This process is intended to benefit developing countries and allow them to grow and become incorporated into the global economy. Some see globalization as an answer to Latin America’s problems regarding social inequality, poverty, and lack of capital flow. They see globalization as a success because substantial economic growth and increase in trade can be seen throughout Latin America. However, others believe that the negative
…show more content…
Unfortunately, this blessing has historically turned into a curse. The arrival of the European conquistadors in Latin America hundreds of years ago began a seemingly continuous trend throughout the region in which Latin American people and land were exploited for the benefit of others. Latin American lands were prime territory for the money-seeking individuals who conquered the area. They were systematically looted for their valuable materials, which were exported to other counties. This lead to the financial stimulation of economics all throughout Europe, while creating no benefit, and in many cases, harm to Latin America. The number of people in poverty multiplied as money stayed in the hands of the rich and fueled their need for extravagance. Extreme inequality became characteristic of these regions, where a small but deeply rooted elite social class dominated. The elite controlled the means of production and wages, and received access to better education. The poor were relegated to manual labor and subsistence wage levels, and little access to educational opportunities. Latin American goods were introduced into the global market, but Latin America workers typically did not receive the benefits of the increased trade. The history of Latin America is important in the understanding the problems seen today because Latin America has a historical legacy …show more content…
Many Latin American’s looking to escape the poor conditions that were exemplified by globalization processes have chosen to migrate to the US. The intensification of Latin American migration to the United States has also led to an upsurge of repression, racism, and discrimination against immigrants and those of Latin American descent. Although the United States was initially seen as a safe haven from the political repression, sub-par living conditions, and inequality found in Latin America, many immigrants have experienced the exact opposite. Many Latinos struggle to find jobs due to their citizenship status and often end up working for less than minimum wage. Patrick Zavella established a connection between job and wage inequality and the high rate of poverty seen throughout the Latino community. Immigrants who cannot gain legal status in the United States have no opportunity for financial advancement because they cannot gain jobs. Latin American’s in the United States have also faced discrimination for their culture and race. Hate crimes are prevalent in the Latino community and many Latinos are subject to harassment. It is ironic that many Latin American’s in the United States continue to face the very problems they wished to escape by leaving their home

You May Also Find These Documents Helpful

  • Powerful Essays

    Bus 378 Week 3

    • 3675 Words
    • 10 Pages

    Globalization is usually referenced to the integration of countries and people around the world. It is the product of many factors, including the reduction in barriers to trade, improving transportation and communication costs, and facilitating the movement of capital, knowledge, technology, culture, and people across regional borders. The World Trade Organization (WTO) has become a focal point of globalization, largely due to its visible role in reducing barriers to trade in goods and services through multilateral trade negotiations and trade dispute resolution.…

    • 3675 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Colonialism in Latin America took place over a span of 300 years and came to an end starting in 1821 due to unrest in Latin America. Independence for the former Spanish and Portuguese colonies brought both short term and long term consequences but many of the leaders in the early stages of the independence movements were optimistic about the future of their countries. At the start there was a lot of violence, lack of capital investment, and constant power grabs by the wealthy elite. Those troubles were due to the three main legacies of colonialism which were the lack of efficient economic growth platforms, unorganized government structures, and the racial divide within the population.…

    • 2065 Words
    • 9 Pages
    Better Essays
  • Good Essays

    “Globalization is the system of interaction among the countries of the world in order to develop the global economy. “Globalization refers to the integration of economics and societies all over the world. Globalization involves technological, economic, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure (Hubpages, 2009).”…

    • 1084 Words
    • 5 Pages
    Good Essays
  • Good Essays

    “Conquistadors were the men who during the sixteenth century engaged in the acts of exploration and conquest in the Americas that expanded Spain's colonial empire.”…

    • 981 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country. (Leon 90-91)…

    • 1907 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Globalization is the result of a development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets (http://www.merriam-webster.com/dictionary/globalization). Not everyone is a proponent of globalization. This is especially true for North America. Although the textbook says North Americans have become a highly affluent society by means of transforming the environment and by extending their global, economic, cultural and political reach, the fact remains, that many citizens of North America are not wealth by any stretch of the imagination. The same can also be said about Latin America.…

    • 399 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Financial Globalization

    • 1865 Words
    • 8 Pages

    Globalization is the process by which countries' economies become increasingly interwoven. This happens with the increased flow of goods (trade), foreign direct investment, money (finance), and/or people (migration). While globalization is not new, the speed, depth, and scope of the changes on the globalization are novel by technology. Also new to the mix is the enormous…

    • 1865 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Market Globalization

    • 3036 Words
    • 13 Pages

    Market globalization has led to many economic globalization aspects. Economic globalization refers to increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology and capital. Whereas globalization is centered around the diminution of international trade regulations as well as tariffs, taxes, and other impediments that suppresses global trade, economic globalization is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon (Roger, 2010).…

    • 3036 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    This phenomenon has both positive and negative effects on third world countries but in the end it seems like only one party is benefiting, the rich. " The poor are thus being doubly denied their right to life first when the resources that sustain them are taken away from them in a free trade world, and then when the pollution and waste of the global economy are unequally and unjustly piled on them." (Global Capitalism p.128)Though globalization has been one of the most hotly debated topics in international economics over the past few years there has been some bright sides. Rapid growth and poverty reduction in China, India, and other countries that were poor 20 years ago, has been a positive aspect of globalization. Another positive attribute according to Thomas l. Friedman, in his book, The Lexus and the Olive Tree, is globalization "increases the incentives for not making war in more ways than in any previous era in modern history.""To begin, it is important to explain the meaning of The Lexus and the Olive Tree. The Lexus refers to technological advancement and growth, where the Olive Tree refers to traditional roots and stability. The basic premise of the book is the conflict between the two within cultures, economies, and individuals and how it if possible, at all, to bring the two camps together." (Friedman p.31-34)But globalization has also generated significant…

    • 2741 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Globalization is the social, cultural and economic integration of the countries of the world, enabling the exchange of resources, information, know-how, technology and other capital factors, without transfer restriction. The fact that countries from all around the world can enjoy free trade with some other countries is just one of the many positive effects of globalization.…

    • 1198 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Globalization is a phenomenon, which demonstrates a significant growth in the overall international trade of goods, services and other financial assets as observed in an economy. Globalization also commonly refers to a situation where in one country highly interacts with other countries or economies via trade, competition or investments. In such situations any change taking place in one economy and lead to significant impacts and changes in the economies and financial situations of other economies and countries. Globalization is also a situation where in the performances and economies of multiple countries across the globe become interrelated to each another and the impact of changes in any one economy can cause significant changes in other economies.…

    • 476 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Put in simple terms, globalization refers to processes that advance world-wide exchanges of national and cultural resources. Advances in transportation and telecommunications infrastructure, including the rise of the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities.…

    • 7925 Words
    • 32 Pages
    Powerful Essays
  • Good Essays

    Globalization

    • 1083 Words
    • 5 Pages

    A fundamental shift is occurring in the world economy. We are moving rapidly away from a world in which national economies were relatively self-contained entities, isolated from each other by barriers to cross-border trade and investment; by distance, time zones, and language; and by national differences in government regulation, culture, and business systems. And we are moving toward a world in which barriers to cross-border trade and investment are tumbling; perceived distance is shrinking due to advances in transportation and telecommunications technology; material culture is starting to look similar the world over; and national economies are merging into an interdependent global economic system. The process by which this is occurring is commonly referred to as globalization.…

    • 1083 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Globalization is a result of human innovation and technological process. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The movement can also be in terms of the movement of people (labour) and knowledge (technology) across international boundaries. Various other broad dimensions of globalization includes political, environmental and cultural. In 1980s the term “globalization” became famous reflecting the technological advancements that made the international transactions of both trade and financial flows easier, quicker and feasible for all.…

    • 914 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    We often hear the word globalization in many contexts and repeated frequently as a concept to denote more trade, foreign companies and even the ongoing economic crisis. Before we launch into a full-fledged review of the term and its various manifestations, it is important to consider what exactly we mean when we say globalization. Globalization can be thought of to be the result of the opening up of the global economy and the concomitant increase in trade between nations. In other words, when countries that were hitherto closed to trade and foreign investment open…

    • 1425 Words
    • 6 Pages
    Powerful Essays