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Advantages & Disadvantages of Globalization

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Advantages & Disadvantages of Globalization
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Rajni Vashisht
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Question Advantages & Disadvantages of Globalization - April 16th, 2010

hey anybody plz help me on advantages and disadvantages of globalization

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Abhijeet S
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Re: globalization - May 27th, 2010

Originally Posted by vashisht View Post
hey anybody plz help me on advantages and disadvantages of globalization

Advantages and Disadvantages of Globalization

Some Advantages

Increased free trade between nations
Increased liquidity of capital allowing investors in developed nations to invest in developing nations
Corporations have greater flexibility to operate across borders
Global mass media ties the world together
Increased flow of communications allows vital information to be shared between individuals and corporations around the world
Greater ease and speed of transportation for goods and people
Reduction of cultural barriers increases the global village effect
Spread of democratic ideals to developed nations
Greater interdependence of nation-states
Reduction of likelihood of war between developed nations
Increases in environmental protection in developed nations

Some Disadvantages

Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
Increased likelihood of economic disruptions in one nation effecting all nations
Corporate influence of nation-states far exceeds that of civil society organizations and average individuals
Threat that control of world media by a handful of corporations will limit cultural expression
Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage
Greater risk of diseases being transported unintentionally between nations
Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity
International bodies like the World Trade Organization infringe on national and individual sovereignty
Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources
Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries

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