Question

Globalization is good for everyone. Globalization can create economic and social development for people in all countries. It has provided better employment opportunities across the globe. More jobs are available and economies improve. The movement of people, goods and services increases trade and creates wealth. Governments will have more money to spend on schools and hospitals. The sharing of technological developments will help everyone. International collaboration will help to solve world problems like poverty and disease. Learning about other cultures makes people more respectful. Conflict and war may be prevented.

Question: ‘Globalization is good for everyone.’ What are the strengths and weaknesses of the argument supporting this claim?

Answer 1

arguments supporting globalization : The proponents of global free trade say that it promotes global economic growth, creates jobs, makes companies more competitive, and lowers prices for consumers.

arguments reporting globalization :

Gains of Globalisation for Rich at the Cost of Poor: ...

Source of Repeated Economic Crises: ...

Globalisation as an Imposed Decision of the Rich: ...

Unequal Distribution of Benefits: ...

Strengthened Role of MNCs: ...

Private Profits at the Cost of Social Security:

Answer 2

Manufacturing is a value-adding process allowing businesses to sell finished products at a higher cost over the value of the raw materials used.