English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2 answers

It robs countries of independence. We become prey to manipulations of more powerful economies and can be devastated in times of war.

2007-10-28 18:42:33 · answer #1 · answered by jemhasb 7 · 0 0

What happens when hot water is mixed with cold water? Heat moves from higher tempeartaure to lower temperature. What happens when there is depression of air pressure at one part of the globe? Winds are formed. Air moves from higher density to lower density. Similarly globalization allows wealth to move freely from one part of the globe to the other.
Is it good?
When wealth moves from higher concentration to lower concentration, any or all of the following result.
A) Increased returns or earnings
B) Decreased costs or expenditure
C) Increased profits or gains
D) Decreased losses
E) Increased utility and satisfaction
F) Decreased dis-satisfaction.
The topic is too big to explain here and is time consuming. Redefine economics as study of nature, composition, laws, properties and classification of wealth and study general laws of wealth like Law of Conservation and Law of Equilibrium. You will have a better understanding.
Globalization is a natural phenomenon and like all Godmade Phenomenon, is good for mankind.

2007-10-29 01:33:45 · answer #2 · answered by bvgopinath2001 4 · 0 0

fedest.com, questions and answers