globalization is the one of important factor in the development of the present
world, globalisation lead to development of many economies and
countries. But it also two sides that means it also disadvantages. In
this article we discussing about the merit and demerits of
globalisation. The beverages we consume, the dress we wear, the
vehicles we drive , the jobs that we occupy, the entertainment
programs and all of them are the part of globalisation.
Advantages
of globalization
Major
advantages of globalization as follows:-
- as
a part of agreement between countries free trade between nations
increased
- more
investing opportunities for investors and multi national companies.
- Increased
liquidity of capital allowing investors in developed nations to
invest in developing nations
- companies
can operate without borders this increased the flexibility of
corporations.
- Development
of INTERNET as global media.
- Global
mass media ties the world together
- development
of new technology.
- 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
- increased flow of capital into underdeveloped economies.
- Scope for more investment and revenue for developed countries.
Disadvantages
- loss
for traditional (domestic) business firm in underdeveloped or
developing countries
- Increased
flow of skilled and non-skilled jobs from developed to developing
nations as corporations seek out the cheapest labor
- disruptions
in economy will affect in other economy also.
- 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
- increased
terrorist and other internal threats
- 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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