pros and cons of globalization?

Question

anyone know pros and cons og grobalization...?

anyone know an globalization issue that effects people and places.?

Answer 1

Pros -

More markets for trade. This allows companies to make a greater profit.
Less restrictive travel.
More aid to third world countries by re-distribution of wealth.


Cons

Loss of rights by individual governments and people.
Wealthier countries will suffer through trade deficits and tariffs.

Answer 2

Globalization Pros And Cons

Answer 3

Pros And Cons Of Globalization

Answer 4

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Answer 5

How would the social elite who are prone to affairs ever know what dry land would feel like, ever again.Already the world has become so small that a tiny piece of land called an island from which all human stability's must stand upon, has reached such a level below the rising waters of the social elite with their affairs ready to cause yet another type of global flooding. This may not be of much concern to those waters called the elite but they should be of great concern for humanity and it's destiny. To live in the truth on land or to drown in the lie, like fish of the sea.

Answer 6

There are many pros and cons of globalization. Here is a resource that might be of help (http://internationalrelations.org/pros-and-cons-of-globalization/)

Answer 7

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Answer 8

well I think that our money system will soon become globalize just take a look at how you can use your debt card all over the place and even in other country as long as it as a visa/master etc., you know that's the way of the future plus look at the medical field how it slowing networking it self that you can go to any doctor and they can pull you medical chart on line. this is sign of the times anti-christ read Revelation

Answer 9

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Answer 10

Pros: Globalisation brings about economic growth in countries that open themselves up to international trade. Examples include China & emerging economies like Mexico & Brazil. Poverty rates have decreased, literacy and GDP per capita are up and there has been an increase in the number of middle class.
Globalisation has also brought about trade liberalisation for many countries, enabling them to eliminate national barrriers to trade. An example is Canada, USA & Mexico establishing the North-American Free Trade Agreement (NAFTA).
In the perspective of a huge multinational corporation like Microsoft, McDonald's or Coca-Cola globalisation has given them opportunities for outsourcing - locating their operations outside their country of origin. Also, this has given them opportunities to produce their products at the least-cost locations and to get their raw materials at the most accessible sources. Average production costs have fallen as a result of economies of scale enabling them to compete in the global market and gain higher profits compared to domestic companies that don't go global.

Cons: Globalisation has cost the jobs of lower skilled people. For example, in Australia telemarketers have to compete with Indian telemarketers who are lower skilled (speak less English and paid less wages). In the US low-skilled labour such as cloth production workers have lost their jobs due to competition with cloth imports from China.
The opening up of financial markets to global investors have made these financial markets more prone to any adverse movements in the global financial system. For example, the Asian financial crisis in 1997 has hit many East Asian countries hard.On 27 October 1997 in the US, the Dow Jones Industrial plunged 554-points, or 7.2%, amid ongoing worries about the Asian economies. We also have the bank crisis of Argentina and the US dot-com bubble in the early 2000s and the recent housing bubble from 2006 to present that have caused a ripple effect in financial markets worldwide. The Australian ASX S&P index fell by about 5% when the housing bubble burst a couple of months ago.
The problem against globalisation also is that it makes many countries follow the US stock market movements since the US is the financial frontier today.

A major issue in globalisation is the WTO trade talks in Seattle and Cancun regarding the problem of agricultural subsidies in developed countries. Many poor developing countries produce agricultural products like coffee and wheat that are exported for national income. The problem is many rich countries like the US, Japan & EU also produce these same products except that they give huge subsidies to their farmers. As a result these subsidies push down world prices of these products (coffee & wheat etc) and the poorer countries have no choice but to sell these products at much lower prices. They are not making the profits they are supposed to make. As a result these poor countries suffer. The main problem also is that poor developing countries mainly produce agricultural products for export, whereas rich developing countries mainly produce manufactured goods and services (auditing, banking, software programming etc) that's why the rich developed countries can afford to subsidise their agricultural production.
The WTO trade talks at Seattle & Cancun failed with the poorer countries walking out since their demands for the richer countries to remove agricultural subsidies and to make the prices fairer were not met.