Question

Decide whether each item is a benefit or disadvantage of economic globalization.

Answer 1

Pls mark as BRAINLIEST!

Benefit-

Access to cheaper materials

international Cooperation

Disadvantage-

disputes over scarce resources

monopoly by nations ... such as oil

Answer 2

E.G BENEFIT:-

• Greater free trade.
• Greater movement of labour.
• Increased capital flows.
• The growth of multi-national companies.
• Increased integration of global trade cycle.
• Increased communication and improved transport, effectively reducing barriers between countries.

E.G DISADVANTAGE:-

• Free trade can harm developing economies. Developing countries often struggle to compete with developed countries, therefore it is argued free trade benefits developed countries more.
• Environmental costs.

Follow me.....

• Labour drain.
• Less cultural diversity.
• Tax competition and tax avoidance.