The advantage and disadvantage of globalization?

Answer 1

Globalization is good and bad, it is a double-edge weapon. It is an effect when the world become more developed with information superhighway, and people can travel in shorter time, this world appears smaller than before even though the physical size of the Earth remain unchanged. It is like Canada and US becomes like New York and Connecticut. The barrier becomes smaller. People can trade more easily, interact more freely, etc.

Good: Consumer can buy cheaper things made from country that labor cost is lower. Consumer can also buy things that previously is not available in ones country. Companies can expand into other countries.

Bad: Job is lost to country with lower labor cost. Foreign companies compete freely with domestic companies.

If you are the best, you will not be afraid of globalization; if you are the cheapest, highest in quality, fastest, most efficient, etc., fear no one. It is survival of the fittest. It is like Charles Darwin Evolution theory but in the economic sense.

Answer 2

1. Corporations are taking their companies oversees to developing countries such as India and Mexico and hiring a workforce of people who are paid less than the average American. This is a disadvantage because corporations who do this often terminate their american employees and there are fewer jobs available for americans. It is an advantage in terms of economy because the companies then can turn a higher profit and become more stable in the global economy. 2. Companies who practice gloablization have consumers who are frustrated, employees that are frustrated and former employees that lose their job s are down right angry. Desperate people will do anything and people who are being pushed out of their jobs so that workers in other countries can do then at half the wage can get pretty desperate. 3. These companies are extremely capitilistic ( i love capitalism by the way) and isn't question three all about the capitalistic way of life? These companies are spreading capitalism globally, earning bigger profits, and setting examples around the world of what it means to be successful.

Answer 3

Some of the advantages of globalization:

*Specialization and comparative advantage
*Fewer monopolies and more competition
*People get access to more products and travel
*Higher quality of life for the world's poorest

After traveling a great deal, I've found the main disadvantage of globalization to be a loss of culture in some of the places that have very rich cultural heritages. In Thailand, people now wear western clothing, and it's really sad, because their traditional clothing is so beautiful. People try to emulate the west in almost every way, and I think that's the worst part of globalization. In India, the traditional clothing has morphed into a hybrid of salwar kamiz and western outfits, people watch American TV and listen to American music, and it really did make me sad. Wherever you go, people cater to tourists, and they lose a part of themselves.

Answer 4

The biggest advantage is that the production of goods becomes cheaper, because production takes place in regions that have comparative advantages for producing those goods.

The biggest disadvantages are that: (1) workers get displaced in the process as industries move from one region to another, and (2) regions lose control over the quality of production that takes place in another region.

Answer 5

I really don't see any major advantages to globalization unless you just happen to be to be a CEO of a Fortune 500 company that closes factories in his home country and then has his products made by sweatshop labor in developing countries to maximize his companies' profits.

Since the dawn of time there has always been people who for whatever reason didn't finish high school or don't have a post-secondary education. That should not mean that these people can't support their families and have to rely on government social programs to survive.

The only way to stop this is to impose huge tarrifs on companies who close down local operations and outsource labor and manufacturing to countries where people will work for nothing.
It doesn't matter where you live, you should always buy locally produced goods.

Answer 6

Sometimes it's difficult to swallow whole the talk that abounds about globalisation.

The internet may be spearheading a global communications revolution; fashion designers may embrace "ethnic" hues and styles; McDonald's may spread its restaurants across the globe.

Beyond the front pages, globalisation is a reality that, for better or worse, touches our lives in ways most us never stop to think about.


McDonald's: More than 25,000 outlets in about 120 countries

Many would certainly say it was a good thing. Increased international trade has made us wealthier and allowed us to lead more diverse lifestyles.

But the legions of demonstrators now amassing in Prague for the annual meetings of the International Monetary Fund and the World Bank disagree.

The coalition of environmentalists, anti-poverty campaigners, trade unionists and anti-capitalist groups see the growth of global companies as raising more problems than it solves.

The term "globalisation" was first coined in the 1980s, but the concept stretches back decades, even centuries, if you count the trading empires built by Spain, Portugal, Britain, and Holland.

Some would say the world was as globalised 100 years ago as it is today, with international trade and migration.

But the 1930s depression put paid to that. Nation states drew back into their shell on realising that international markets could deliver untold misery in the form of poverty and unemployment.

The resolve of Western states to build and strengthen international ties in the aftermath of World War II laid the groundwork for today's globalisation.

It has brought diminishing national borders and the fusing of individual national markets. The fall of protectionist barriers has stimulated free movement of capital and paved the way for companies to set up several bases around the world.

The rise of the internet and recent advances in telecommunications have boosted the already surging train.

For consumers and avowed capitalists, this is largely a good thing. Vigorous trade has made for more choice in the High Street, greater spending, rising living standards and a growth in international travel.

And that's just the tip of it. Supporters of globalisation say it has promoted information exchange, led to a greater understanding of other cultures and allowed democracy to triumph over autocracy.

But as the street protests against last November's World Trade Organisation conference in Seattle proved, there is a growing opposition to the forces of globalisation.

Critics say the West's gain has been at the expense of developing countries. The already meagre share of the global income of the poorest people in the world has dropped from 2.3% to 1.4% in the last decade.

But even in the developed world, not everyone has been a winner. The freedoms granted by globalisation are leading to increased insecurity in the workplace.

Manual workers in particular are under threat as companies shift their production lines overseas to low-wage economies.

National cultures and identities are also under threat thanks to the spread of satellite TV, international media networks and increased personal travel. In French cinemas, around 70% of filmgoers watch Hollywood movies.

At the heart of their concerns is the fact that huge trans-national companies are becoming more powerful and influential than democratically-elected governments, putting shareholder interests above those of communities and even customers.

Ecological campaigners say corporations are disregarding the environment in the stampede for mega-profits and marketplace supremacy. Human rights groups say corporate power is restricting individual freedom.

Even business folk behind small firms have sympathy for the movement, afraid as they are that global economies of scale will put them out of work.

But the mere fact the debate can take place simultaneously across countries and continents may well show that the global village is already here.

Answer 7

advantage: cheap products at walmart superstores
disadvantage : everybody now works at walmart

Answer 8

someday wars will end when borders are gone.