[go: up one dir, main page]
Scribd
Upload
997 views3 pages

Advantages and Disadvantages of Globalization

The document outlines some advantages and disadvantages of globalization. The advantages include increased free trade, investment opportunities, and ease of transportation and communication globally. However, the disadvantages are that globalization can move jobs to lower-cost countries, increase economic interdependence between nations, give corporations more influence than citizens, threaten cultural expression, and possibly increase instability and conflict within and between countries. It also risks spreading materialism and weakening environmental protections.

Uploaded by

dronedevil20
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
997 views3 pages

Advantages and Disadvantages of Globalization

The document outlines some advantages and disadvantages of globalization. The advantages include increased free trade, investment opportunities, and ease of transportation and communication globally. However, the disadvantages are that globalization can move jobs to lower-cost countries, increase economic interdependence between nations, give corporations more influence than citizens, threaten cultural expression, and possibly increase instability and conflict within and between countries. It also risks spreading materialism and weakening environmental protections.

Uploaded by

dronedevil20
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 3

Advantages and Disadvantages of Globalization

Some Advantages
Increased free trade between
nations

Increased liquidity of capital allowing


investors in developed nations to
invest in developing nations

Corporations have greater flexibility


to operate across borders

Global mass media ties the world


together

Increased flow of communications


allows vital information to be shared
between individuals and corporations
around the world

Greater ease and speed of


transportation for goods and people

Reduction of cultural barriers


increases the global village effect

Spread of democratic ideals to


developed nations

Greater interdependence of nation-


states

Reduction of likelihood of war


between developed nations

Increases in environmental
protection in developed nation

• Increased flow of skilled and non-skilled jobs from developed to developing nations
as corporations seek out the cheapest labor
• Increased likelihood of economic disruptions in one nation effecting all nations
• Corporate influence of nation-states far exceeds that of civil society organizations
and average individuals
• Threat that control of world media by a handful of corporations will limit cultural
expression
• Greater chance of reactions for globalization being violent in an attempt to preserve
cultural heritage
• Greater risk ofindividual sovereignty
• Increase in the chances of civil war within developing countries and open war
between developing countries as they vie for resources
• Decreases i

Some Disadvantages
Increased flow of skilled and non-
skilled jobs from developed to
developing nations as corporations
seek out the cheapest labor

Increased likelihood of economic


disruptions in one nation effecting
all nations

Corporate influence of nation-


states far exceeds that of civil
society organizations and average
individuals

Threat that control of world media


by a handful of corporations will
limit cultural expression

Greater chance of reactions for


globalization being violent in an
attempt to preserve cultural
heritage

Greater risk of diseases being


transported unintentionally
between nations

Spread of a materialistic lifestyle


and attitude that sees consumption
as the path to prosperity

International bodies like the World


Trade Organization infringe on
national and individual sovereignty

Increase in the chances of civil war


within developing countries and
open war between developing
countries as they vie for resources

• Decreases in environmental
integrity as polluting
corporations take advantage
of weak regulatory rules in
developing countries

• n environmental integrity as polluting corporations take advantage of weak


regulatory rules in developing countries

You might also like