ADVANTAGES OF GLOBALIZATION
1-Goods
and people are transported with more easiness and speed.
2-Free
trade between countries increases.
3-Environmental
protection in developed countries has been increased.
4- Information and money flow more
quickly than ever.
5-Increased liquidity of capital allowing investors in developed
nations to invest in developing
nations.
6-International travel and
tourism increases.
7-Globalization
helps to reduce poverty and increase living standards.
8-Globalization
leads to better cultural understanding and tolerance.
9-The
flexibility of corporations to operate across borders increases.
10-Global
mass media connects people across the world.
DISADVANTAGES OF GLOBALIZATION
1-Globalization
damages small cultures which are in risk of being extinct.
2-Business
requires being in a more rigorous and challenging competitive atmosphere to
maintain continuity and development.
3-One
crucial social aspect is the risk and danger of epidemic diseases which can
easily be spread as the
mode transportation is easier and
faster.
4-Wars
can easily spread amount countries.
5-Economic
crises hit most of countries.
6-Naturel
sources where in developing countries are exploited by developed countries.
7-Developed
countries pressure on the local governments in less developed countries.
8-Harder
for Smaller businesses to establish themselves against the powerful
bussiness.
9-Income
generated in Host country is not always spent in the same country - money
earned from supplying cheap call centres in india will not be spent in india
but maybe in UK or US.
10-Internationa
migrations have increased both legal and illegal ways in order to find jobs.
