Posted By: suji

Hi friends

Globalization - Advantages

Some Advantages r

  • 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 nations 

Posted By: suji

Hi.

Globalization Disadvantages

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 affecting 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

Posted By: keerthi

Hi suji,

Can u explain the exact concept of globalization in simple terms? I am very much confused about this topic.

 

Posted By: sowmya571

Hello keerthi

        Its simple making things global presence. Well examples are sitting up MNC in abroad is going global ... and also u take of exports thatz also one way.well all these lead to some advatanges and disadavantages like

      It creates employment opportunities to that country people

     It also has investment options these are some of them

Similarly it also has disadvantages like

          Well they wd be utilizing the skilled labour here and also what ever the profits they get.that wd be counted in their country

thatz all