Essay about The Benefits of Globalization - 519 Words.
Advantages and Disadvantages of Globalisation The existence of trade has always been present between people and between countries. However since the 2nd World War trade in goods and assets has gained a larger significance everywhere.Disadvantage of globalisation Generally, for domestic supplies have to compete with international suppliers that lose the competitive advantage even fight with price. Thus, there would a lot of stress and threat of new type of colonization comes with much power and money from foreign player.Some of its advantages are increased external finance, improved technology and political conformism. Disadvantages of globalization include death of small and medium businesses, loss of cultural identity and the effect of foreign policies on domestic economic development. Let us take a closer look at these consequences of globalization.
List of the Disadvantages of Globalization 1. Globalization may encourage more offshoring instead of less. 2. Globalization benefits the wealthy more than the poor. 3. Globalization would encourage disease transfer. 4. Globalization could reduce social safety net programs. 5. Globalization would.What are the advantages and disadvantages of globalization? The advantages of globalization include free trade, better communication between nations, and increased access to technology, media.
Let us make in-depth study of the meaning, advantages and disadvantages of globalisation. By the term globalisation we mean opening up of the economy for world market by attaining international competitiveness. Thus the globalisation of the economy simply indicates interaction of the country relating to production, trading and financial.
