Question

What is advantage and disadvantage of globalization?

Answer 1

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Advantages to Globalization: Will possibly help decrease the rate of poverty and unemployment in several countries. Access to a variety of products from several nations will be easier for people to acquire. Different cultures means learning different customs, traditions, languages, etc.

Disadvantages of Globalization: Developed countries can stifle development of undeveloped and under-developed countries. Economic depression in one country can trigger adverse reaction across the globe. ... This can put smaller companies, at a disadvantage as they do not have resources to compete at global scale.

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Answer 2

What is advantage and disadvantage of globalization?

Explanation: 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.