Advantaged and disadvantages of globalisation??
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Increased free trade and communication between nations, along with increased access to technology, media, education, healthcare, consumer goods, and other resources are often considered advantages of globalization. Some disadvantages of globalization include exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment. Globalization is a complex issue, and while some argue that it reduces global poverty, others argue that it actually increases wealth inequality worldwide.
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Increased free trade and communication between nations, along with increased access to technology, media, education, healthcare, consumer goods, and other resources are often considered advantages of globalization. Some disadvantages of globalization include exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment. Globalization is a complex issue, and while some argue that it reduces global poverty, others argue that it actually increases wealth inequality worldwide.
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ADVANTAGES AND DISADVANTAGES OF GLOBALISATION ARE --
ADVANTAGES:
1. raise foreign capital: globalisation will attract foreign capitl which will lead to technology upgradation.
2.quality improvement: in order to withstand comprtition offered by the other firms ,quality enhancement will take place.
3.rise in employement: it is expected that integration between different sectors will lead to more roduction in the home country. thi will raise employement oppurtunities.
4.reduce poverty: with globalisation , many micro-crdit programmes are being implemented to prioritise the need of the poor.
5.adoption of new, flexible producstion methods:globalisation will raise allocation efficiency, specialll in underdeveloped and developing countries.
DISADVANTEGES
1.devastation of local producers: it has devasted locsl producers since they are unable to compete with the cheap imports.
2.small business are adversely affected: small bsiness class is adversely affected by fall op public subsidirs, de-industrialasation and floods of cheap imports.
3.raising depth of inequality: the global village appears deeply divided between the streets of the haves and those of the havenots.
4. globalisation has made public employees worse off.
ADVANTAGES:
1. raise foreign capital: globalisation will attract foreign capitl which will lead to technology upgradation.
2.quality improvement: in order to withstand comprtition offered by the other firms ,quality enhancement will take place.
3.rise in employement: it is expected that integration between different sectors will lead to more roduction in the home country. thi will raise employement oppurtunities.
4.reduce poverty: with globalisation , many micro-crdit programmes are being implemented to prioritise the need of the poor.
5.adoption of new, flexible producstion methods:globalisation will raise allocation efficiency, specialll in underdeveloped and developing countries.
DISADVANTEGES
1.devastation of local producers: it has devasted locsl producers since they are unable to compete with the cheap imports.
2.small business are adversely affected: small bsiness class is adversely affected by fall op public subsidirs, de-industrialasation and floods of cheap imports.
3.raising depth of inequality: the global village appears deeply divided between the streets of the haves and those of the havenots.
4. globalisation has made public employees worse off.
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