Advantages and disadvantages of globalization on developed economy
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The positive impacts of globalisation are
1. The removal of trade barrier and restrictions, liberalisation , privatisation and free market has prompted healthy growth of trade. It encourage competition and increased employment opportunities and enhance the national income.
2. globalisation has led to the economic organisations life European union and associations of south east Asian nations.
3. People are sharing ideas , experiences and culture. They are enjoying variety of different things by sitting at home.
The negative impact of globalisation are
1. Market forces give the rich to add further to their wealth . The great gap between the rich bad poor is visible.
2. Local companies are going out of business. For example the Indian toy industry is facing stiff competition with Chinese toy industry.
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1. The removal of trade barrier and restrictions, liberalisation , privatisation and free market has prompted healthy growth of trade. It encourage competition and increased employment opportunities and enhance the national income.
2. globalisation has led to the economic organisations life European union and associations of south east Asian nations.
3. People are sharing ideas , experiences and culture. They are enjoying variety of different things by sitting at home.
The negative impact of globalisation are
1. Market forces give the rich to add further to their wealth . The great gap between the rich bad poor is visible.
2. Local companies are going out of business. For example the Indian toy industry is facing stiff competition with Chinese toy industry.
If you like this answer mark as brainlist
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