What is globalization and what r the advantages and disadvantages of globalization?
Answers
Answer:
Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide. ... Globalization has grown due to advances in transportation and communication technology. With the increased global interactions comes the growth of international trade, ideas, and culture.
Advantages: Increase in employment opportunities: As globalization increases, more and more companies are setting up businesses in other countries. This in turn increases the employment opportunities that people atone place have.
Some disadvantages of globalization include exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment.
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Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe
- Globalization fuels inequality. Globalization makes the rich richer and the poor poorer. ...
- Globalization leads to reduced public revenues. ...
- Globalization destroys the environment. ...
- Globalization leaves us vulnerable to infectious diseases. ...
- Globalization creates a race to the bottom.