What are the positive and negative aspects of globalization?

Answer 1

Positive: free markets give us greater production efficiency, greater intercompany competition and therefore cheaper prices, more national purchasing power/wealth.

Negative: the efficiency and wealth is often the direct result of exploitation of the people trying to find work in the struggling economies of other countries

Answer 2

globalization is good if the playing field is level. its not. the advanced countries still dominate the arena. developing countries in africa, latin america, asia r still struggling with their economies and cannot cope with the economic power of the great ones. when market open, with media hype, goods from the gt ones will flood the LDCs.
one example: european farmers get subsidies wh the african farmers dont. hence the afri farmers does not benefit from any globz. there are many such imbalances.
but the trend is such tt it is moving in tt direction and it cant stop. LDCs hv to get their act together n speed up economic and political changes to enjoy the benefits of globz

Answer 3

The positive aspect is that the total value is increased; trade creates value. The downside is that some people will have to learn new jobs.

Answer 4

There is nothing positive about it. Negative is that power will be in the hands of just a few people.