What is the advantage and disadvantage of communication system in globalisation ?
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- Globalization creates jobs. Economic liberalization has made it easier for companies to relocate, allowing them to rapidly scale up and create new jobs. ...
- Globalization has lowered prices. ...
- Globalization has improved access to technology. ...
- Globalization promotes peace. ...
- Globalization improves productivity.
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(i) Globalisation paves the way for redistribution of economic power at the world level leading to domination by economically powerful nations over the poor nations. (ii) Globalisation usually results greater increase in imports than increase in exports leading to growing trade deficit and balance of payments problem.
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