what is globalisation? write its advantage and disadvantages?
Answers
Globalisation :
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.
Advantages :
1. Globalization allows us to pool all our resources together.
2. Globalization would also reduce labor exploitation issues.
3. Globalization reduces the prospects of tyranny.
4. Globalization improves communication access.
5. Globalization would remove tax havens for wealthy individuals and businesses.
Disadvantages :
1. Globalization may encourage more offshoring instead of less.
2. Globalization benefits the wealthy more than the poor.
3. Globalization would encourage disease transfer.
4. Globalization could reduce social safety net programs.
5. Globalization would create a new system of politics.