What are the advantages and disadvantages of Globalization?

Globalization refers to the interaction of one economy with all the other economies of the world. This interaction can be in terms of financial transactions, trade, politics,education, production etc. read more

True globalization is attainable only if all four components are present. However, globalization has some advantages and some disadvantages. Some of these advantages and disadvantages are: Advantages: · Increase in employment opportunities: As globalization increases, more and more companies are setting up businesses in other countries. read more

Since 1980, globalization has been moving at a faster pace. Today it is easier for companies to work in other countries. The Internet gives them the chance of reaching more customers around the world. Teleworkers work for firms that may be far away. However, there is a growing debate over globalization. read more

Globalization has many benefits and disadvantages and they are here to stay. Basically, the First World or Global North countries are those that will benefit from globalization. Rich countries like UK, Germany, and the United States can sell more goods and products to poorer markets on the Global South. read more