distinguish advantage and disadvantage of globalisation
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Answer:
Globalization refers to several different concepts all rolled into one package. It may refer to the ease in which businesses conduct operations in different countries other than their own. Some look at this subject as a way to create a world without national borders. There are concepts of communication, information access, and technology development to consider when looking at this subject matter too.
Even though the geographic size of our planet remains consistent, how we interact with each other is changing by the minute. Despite more than 200 countries independently working for their best interests, we all come together in ways to make the world a better place. If you have access to a computer or mobile device with data or an ISP, then you can communicate with anyone else in the world with the same setup.
The advantages of globalization ;
Ability to tap into a wider talent pool. When fully taking advantage of globalization, you are no longer restrained by talent that is available in your city.
New ideas due to cultural diversity.
Larger markets.
Earnings changes.
Issues with supply chain.
Corruption.
The following are some of these disadvantages:
(ii) Globalisation usually results greater increase in imports than increase in exports leading to growing trade deficit and balance of payments problem.
(vi) Globalisation is also posing as a threat to agriculture in developing and underdeveloped countries of the world.