Question

advantage and disadvantaged of globalization ​

Answer 1

${\huge\star{\mathfrak{\underline{\underline{Question :}}}}}$

What are the advantages and disadvantages of globalization?

${\huge\star{\mathfrak{\underline{\underline{Answer :}}}}}$

$\textbf{GLOBALIZATION}$ : It refers to the interaction and influence of one country with other countries of the world. The interaction may be in terms of trade, economy, politics, education, technology etc.

$\textbf{Advantages Of Globalization :}$

▪◽♦ Due to globalization MNCs are setting up in various countries this increase the employment opportunities in poor nations too.

▪◽♦ Due to the globalization it becomes easier to get education from other countries too.

▪◽♦ Globalization makes the technology more advanced .

▪◽♦ Globalization leads increase in quality-quantity and decrease the price of goods and services.

▪◽♦ After globalization it becomes easier for investors of developed countries to invest in developing countries.

$\textbf{Disadvantages Of Globalization :}$

▪◽♦ It leads to environmental degradation by causing various types of pollutions.

▪◽♦ The culture of one country influence the other in such a way that one of the culture may endangered.

▪◽♦ It increases the difference between rich and poor that leads to economic inequality and instability.

▪◽♦ It leads to distinction of small scale industries.

▪◽♦ Globalization also leads to increase in terrorism rate in the world.

Answer 2

$\huge\bold\orange{Hello!!!}$

$\small\bold\pink{Advantages}$

Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.

$\Small\bold\pink{Disadvantages}$

As a result, pollution has increased, leading to climate change. The changes in climate are now a serious threat to humanity and the future of the world, all because of globalization. Globalization has led to increased market competition, hence leading to fluctuation in prices.

$\huge\bold\pink{Thanks}$