Globalization is the integration of world economies through free trade. Globalization could be good at some points, but at the same time it could turn into negative thing. With globalization, there are more products but there is more inequality. Well advanced telecommunications and transportation infrastructure as well as the risen of telegraph and internet are some of the main factors of globalization. It is often integrated in the investments, trade, technology, and some of the mobile factors of manufacture such as capital and labor. There are many advantages f globalization and the most important one is education. Due to globalization, the rate of education is getting even higher. It also rises to new industries, more jobs, access to many products that cannot be produced in the country, cheaper price, opportunity for developing countries to produce and sell more goods to have a better living, and it lead to the integration of cultures and languages. these advantages can overthrow the disadvantages of globalization. The disadvantages of globalization are loss of culture and identity, forcing the developing countries to do whatever the developed countries tell them to do, workers in developed countries may lose their jobs because of the high amount of immigrants, workers in poor countries get paid much less while working in poor conditions, and cause people to migrate to developed countries to find work.
Other disadvantages of globalization are health problems, environmental degradation, disparity, and loss of control over economic and political decisions. Globalization is a global economical trend. It has advantages and disadvantages.
Other disadvantages of globalization are health problems, environmental degradation, disparity, and loss of control over economic and political decisions. Globalization is a global economical trend. It has advantages and disadvantages.