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List the advantages and disadvantages of globalization.Answer should be in listings,...

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List the advantages and disadvantages of globalization.

Answer should be in listings, not in lengthy paragraphs.

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krishna-agrawala's profile pic

Posted (Answer #1)

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Advantages of Globalization:

  • Resources of different countries are used for producing goods and services they are able to do most efficiently.
  • Consumers to get much wider variety of products to choose from.
  • Consumers get the product they want at more competitive prices.
  • Companies are able to procure input goods and services required at most competitive prices.
  • Companies get get access to much wider markets
  • It promotes understanding and goodwill among different countries.
  • Businesses and investors get much wider opportunities for investment.
  • Adverse impact of fluctuations in agricultural productions in one area can be reduced by pooling of production of different areas.

Disadvantages of Globalization:

  • Developed countries can stifle development of undeveloped and under-developed countries.
  • Economic depression in one country can trigger adverse reaction across the globe.
  • It can increase spread of communicable diseases.
  • Companies face much greater competition. This can put smaller companies, at a disadvantage as they do not have resources to compete at global scale.
avasbruce's profile pic

Posted (Answer #2)

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There are benefits and disadvantages to globalization. Firstly, globalization is good for certain countries more, such as those in the First World or Global North. Rich countries like the USA, UK, Germany etc. can sell more products and goods to new markets in the Global South or poorer countries. Think of McDonald's and Starbucks and other big American brands. We can find McDonald's everywhere (almost).

Due to globalization, many local brands and businesses in poorer developing countries go bankrupt and can't survive the economic might of these rich countries. Local cultures and traditions change. People no longer wear national costumes because they all want to look like Hollywood stars and wear jeans, for example. People want to become "American" and consume everything American.

Also because of globalization, more and more people are learning and speaking English to the detriment of local languages. There are more international schools and the focus now is on the acquisition of this global language rather than their own L1 or mother tongue.

 

brettd's profile pic

Posted (Answer #3)

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Other things to consider:

*  Reduces international poverty

*  Contributes to the spread of technology

*  Adds to the profitability of companies and corporations

*  Builds stronger trade ties and dependencies between nations

*  Major motivation for moving overseas is to exploit more lax labor laws and low environmental standards

*  Homogenizes the world culture, both positively and negatively

*  Destroys entire industries in developed countries (e.g. US automakers, textile manufacturing)

readerofbooks's profile pic

Posted (Answer #4)

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Since people wrote mostly positive things, here are some negative things (playing devil's advocate).

1. Globalization can ruin the environment. Moving things from one area to another wastes oil, etc.

2. Globalization can ruin local economies. There is a movement that wants to buy local - especially organic foods.

3. Globalization can lead to hyper-specialization, which can be good, but also negative. There is something great about being a generalist. Also what if something goes wrong. To know things generally give an incredible perspective that specialists do not have.

4. Globalization can be driven by people with "know how" and power and they can systematically fleece the world.

 

rksudhir's profile pic

Posted (Answer #5)

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Advantages of Globalisation

  • Globalisation helps in brinign whole wolrd as one village. Every consumer have free and frquent reach to the products of foreign countries. 
  • Optimum use of natural resources possible.
  • Helpfull in cost reduction by eliminating cross border duties and fees
  • Helpful in employment generation and income generation

Disadvantages

  • Globalisation is direct attack on local tiny and small industry.
  • Global companies with hi-fi infrastructure almost ruins the local traditional small and medium industries
  • Increases cut throat competition.
  • Globalisation increases monopoly by countries equiped with know-how and power.
dg08's profile pic

Posted (Answer #6)

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Globalization brings the following disadvantages:

1.it increases the gap between the poor and rich.-income inequalities-poverty trap-

2. cultural convergence-more people are moving towards the western fashion

3.environmental harrm-resourses are used up-scarcity-creates externalities-pollution-waste products

4.demand more of skilled workers and causing redundancy of skilled workers

gowrirajendran's profile pic

Posted (Answer #7)

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Advantages of Global Marketing

  • Lower Marketing Costs: If you are to consider the lump-some cost, then, yes, it is high, but the same cost goes even higher if the company has to market a product differently in every country that it is selling.
  • Global Scope: Scope of this kind of marketing is so large that it becomes a unique experience.
  • Brand image Consistency: Global marketing allows you to have a consistent image in every region that you choose to market.
  • Quick and Efficient Use of Ideas: A global entity is able to use a marketing idea and mold it into a strategy to implement on a global scale.
  • Uniformity in Marketing Practices: A global entity can keep some degree of uniformity in marketing throughout the world.

Disadvantages of Global Marketing

  • Inconsistency in Consumer Needs: American consumer will be different from the South African. Global marketing should be able to address that.
  • Consumer Response Inconsistency: Consumer in one country may react differently than a consumer in another country.
  • Country Specific Brand and Product: A Japanese might like a product to have a traditional touch, whereas an American might like to add a retro modern look to it. In this case, a global strategy is difficult to devise.
  • The Laws of the Land Have to be Considered: Original company policies may be according to the laws of home countries. The overseas laws may be conflicting in these policies.
  • Infrastructural Differences: Infrastructure may be hampering the process in one country and accelerating in another. Global strategy cannot be consistent in such a scenario.
brittbritt4458's profile pic

Posted (Answer #8)

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Some Advantages Some Disadvantages
  • 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
  • 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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vanamchandak's profile pic

Posted (Reply #1)

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The way you have arranged it is not appropriate you could have put the advantages and disadvantages as heading to make it easy for people to know. 

loraaa's profile pic

Posted (Answer #12)

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This topic is very fantastic ... thank his subject, and all those who participated it.
I have benefited a lot from your views.

joashy's profile pic

Posted (Answer #9)

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  • Globalization is the process by which states become interdependent on each other on all spheres of life. It is a process where countries go global by adapting universal characteristics involving human race. It is therefore the process of uniting people of the world into one unit with universal characteristics. This characteristics include; systems of education, politics, democracy, economy among many others. Through globalization economies, civilizations and societies become integrated into a globalised arrangement of political ideas.
  • In a global world there is free flow or movement of improved technology. Technologies can be new discoveries, inventions and innovations. Technology built or discovered in one continent is shared for use or exploitation in other countries. Therefore with the advancement of technology developing countries have developed technological know-how and this has lead to improvements in the industries. Most industries in the developing countries are now able to work effectively, improving efficacy and makes works easier. This saves a lot of time wasted by ineffective machines leading to increased profits and earnings.
  • With globalization there has been establishment of multinational or transnational corporations. This shows there is an increased investment in all nations across the world.
  • This multinationals also are responsible for employing a large number of individuals from the investor states therefore reducing high levels of unemployment in this developing countries.
  • Globalization leads to high investment levels and therefore increased wealth. Wealth is generated through economic gains of globalization.
  • The gains have increased access healthcare and water. This consequently has a direct effect to life expectancy levels. Research conducted reveals that more than eighty-five per cent of the population is expected to live for almost sixty-eight years and above. This therefore demonstrates that globalization has a direct effect on access to healthcare and stressing the need to access healthcare services.

 

jumawchrispinus's profile pic

Posted (Answer #16)

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DISADVANTAGES OF GLOBALISATION

  • Exploitation of Underdeveloped Countries:Multinational Corporations (MNCs), based in developed countries, purchase at lower rates the raw materials from backward countries, process them in their own countries and sell the manufactured goods with big profit in backward countries. 
  • Increase in Unemployment:The MNCs employ machines to reduce the number of employees: they are capital intensive rather labor. Further, the governments of developing countries have started withdrawing investment from industries in the public sector. All this has led to huge unemployment in those countries.
  • Widening of Rich-poor Gap:Globalization brings benefits to the rich who are small in number and keeps the vast majority of people in poverty and misery. It is a game of winners and losers. Those who are already rich succeed in taking advantage of privatization while the poor and weak are doomed to suffer.
  • Harmful Effects of Consumerism:Globalization produces consumerism. People being attracted by attractive goods and advertisements, want to buy these goods. They would not hesitate to earn money for this by unfair means. This has resulted in vast increase in corruption and other social evils.
  • Adverse Effects on Social Security and Social Welfare:Because of privatization, governments in many developing countries are withdrawing from the sector of social welfare, and private companies have entered educations, health and other such fields related to development.As a result of this, poor people are facing a lot of difficulties.
  • Harmful Effects on Small Industries and Small Business:In the free economy, the big fish has got license to eat the small fish. Small-scale and cottage industries cannot grow in competition with big ones.
  • Cultural Homogenization:Globalization would lead to cultural homogenization. Each nation/society has its own distinct culture, but under globalization the cultures of developing countries are eroded and they are required to accept the values and norms of developed countries.
  • Hostile to Humanism:Globalization would kill humanism. It aims at accelerating economic growth, and economic growth, according to its protagonists, can be quickly attained through privatization. Pursuit of growth hardly respects human values. 
  • Erosion of Democracy:Globalization has led to the weakening, erosion and even destruction of democracy. Globalization has considerably increased the wealth and power of multinational corporations and they have tended to interfere with and control the economic policy and politics of developing countries.
  • Gender-Insensitive:Globalization is gender-insensitive. Women have suffered a lot under globalization. In the privatized economy, the interests and concerns of women, particularly of poor women, have been seriously ignored.
  • Destructive of Environment:Globalization would destroy environment. In the name of economic development, environment is blindly destroyed.

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vanamchandak's profile pic

Posted (Reply #1)

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The way you have organised your disadvantages with points and brief explanation of those point is really good i was happy with your answer and was satisfied. Do well in life Broda!

livingwater's profile pic

Posted (Answer #10)

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More opportunities for cultural diversity

shared resources

potential growth for emerging economies

shared military resources

Disadvantages:

Potential for economic collapse as we are now experiencing

potential for loss of jobs to less advantaged economies

greater potential for unchecked pollution

opportunities for global corruption

suniltewatia's profile pic

Posted (Answer #14)

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ADVANTAGES

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

 

Disadvantages

 

  1. Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
  2. Increased likelihood of economic disruptions in one nation effecting all nations
  3. Corporate influence of nation-states far exceeds that of civil society organizations and average individuals
  4. Threat that control of world media by a handful of corporations will limit cultural expression
  5. Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage
  6. Greater risk of diseases being transported unintentionally between nations
  7. Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity
  8. International bodies like the World Trade Organization infringe on national and individual sovereignty
  9. Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources
cheezea's profile pic

Posted (Answer #11)

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i think it would be cool to achieve globalisation because everyone can communicate with each other although there are many different races and cultures, since there would be a unified language. on the other hand, the world would be chaotic with everyone competing for a well paying job that will not require them to travel overseas and away from home

coachtodd23's profile pic

Posted (Answer #15)

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Advantage:

-  easier access to goods and services

Disadvantage:

-  loss of cultural diversity

-  threat of new species being introduced to new ecosystems and habitats.  Examples:  fire ants, killer bees, Snakehead fish, etc.

-  wealth redistribution

 

prom-king's profile pic

Posted (Answer #32)

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Definition: growth to a global or worldwide scale

Advantages:

  • It increases free trade between nations
  • Greater interdependence of nations-states occurs
  • Increases in environmental protection in developed nations
  • Better education is provided
  • Life expectancy is longer growing worldwide
  • It also increases standard living

Disadvantages:

  • people from other countries come to ours for a small amount of money which is good for them but for us it eliminates jobs since we cost more money than people from other countries
  • It also causes greater risk of diseases being transferred across countries
  • Greater chances of reactions for globalization being violent in attempt t preserve cultural heritage

that is all of the facts i have at the moment

discussion1984's profile pic

Posted (Answer #21)

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Let me be short about this:

Advantages: A greater of dissemination of everything: culture, material goods, ideas, technology, etc. A greater opportunity for travel.

Disadvantages: Exploitation of the poor by the rich on a global scale.

etotheeyepi's profile pic

Posted (Answer #20)

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Britbrit4458 said

"Increase in the chances of civil war within developing countries ... as they vie for resources"

For an example of this, look to Figi and the political turmoil related to the mahogany trees.

jjrichardson's profile pic

Posted (Answer #31)

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Find out how to implement or build enterprise social software that facilitates business, meets your enterprise social networking goals, and makes employees happy to use.Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels.

Advantages

  • Goods and people are transported with ease and speed
  • the possibility of war between the developed countries decreases
  • free trade between countries increases
  • global mass media connects all the people in the world
  • the communication between the individuals and corporations in the world increases
  • environmental protection in developed countries increases

Effects of Globalization

  • enhancement in the information flow between geographically remote locations
  • the global common market has a freedom of exchange of goods and capital
  • there is a broad access to a range of goods for consumers and companies
  • worldwide production markets emerge
  • free circulation of people of different nations leads to social benefits
  • global environmental problems like cross-boundary pollution, over fishing on oceans, climate changes are solved by discussions
  • more trans-border data flow using communication satellites, the Internet, wireless telephones, etc.
  • international criminal courts and international justice movements are launched
  • It is claimed that globalization increases the economic prosperity and opportunity in the developing world. The civil liberties are enhanced and there is a more efficient use of resources. All the countries involved in the free trade are at a profit.. In two decades from 1981 to 2001, the number of people surviving on $1 or less per day decreased from 1.5 billion to 1.1 billion. Simultaneously, the world population also increased. Thus, the percentage of such people decreased from 40% to 20% in such countries.
carbovader's profile pic

Posted (Answer #33)

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Advantage: easier to communicate. you can travel and not worry about others behind.

Disadvantage: it mixes cultures and some conserviteve cultures wouldn't want their children to have such concepts or to adapt them.

unrealown's profile pic

Posted (Answer #34)

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Potential for economic collapse as we are now experiencing

potential for loss of jobs to less advantaged economies

greater potential for unchecked pollution

opportunities for global corruption

user1754155's profile pic

Posted (Answer #35)

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too much commercialised..

wealth oriented minds..

increase in crime rate..

black money..

loss of patriotism..

no national feeling

loss of connectivity with near and dear..

man has become too much mechanical..

craving desire to lead gorgeous /luxurious life..

weakened in spiritual way of life..

humanity at risk..

wescarlyon337's profile pic

Posted (Answer #36)

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This is what i have found at the momnet

Advantages:

  • It increases free trade between nations
  • Greater interdependence of nations-states occurs
  • Increases in environmental protection in developed nations
  • Better education is provided
  • Life expectancy is longer growing worldwide
  • It also increases standard living

Disadvantages:

  • people from other countries come to ours for a small amount of money which is good for them but for us it eliminates jobs since we cost more money than people from other countries
  • It also causes greater risk of diseases being transferred across countries
  • Greater chances of reactions for globalization being violent in attempt t preserve cultural heritage
patelmilia98's profile pic

Posted (Answer #27)

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1. Globalization is bad thing because it requires the population to be drop by 95 percent

justaquestion's profile pic

Posted (Answer #37)

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Advantage: easier to communicate. you can travel and not worry about others behind.

Disadvantage: it mixes cultures and some conserviteve cultures wouldn't want their children to have such concepts or to adapt them.

etotheeyepi's profile pic

Posted (Answer #39)

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For people who want to avoid globalization, become a Hadza. They live without rules or calendars.  Near as I can tell, they have no schools or government or trade.  It's the perfect society for anarchists who oppose globalization.

 

http://ngm.nationalgeographic.com/2009/12/hadza/finkel-text

arrellbelle's profile pic

Posted (Answer #40)

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In order to see what the advantages and disadvantages are to globalization. We must first define it. According to the definition given by Google, it is essentially a spread of interaction performed by the people, company, or government of several countries through international trade.

Disadvantages to Globalization:

  • Only those in a higher position will benefit; whereas, those who are working will not benefit.
  • Companies will be accused of maltreatment of their workers.
  • Companies will be accused of destroying the ecosystem.
  • Cultures will be overthrown and Americanization will prosper.

Advantages to Globalization:

  • Will possibly help decrease the rate of poverty and unemployment in several countries.
  • Access to a variety of products from several nations will be easier for people to acquire.
  • Different cultures means learning different customs, traditions, languages, etc.
chrisyhsun's profile pic

Posted (Answer #41)

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Advantages:

  • increased communication between peoples can lead to increased developments, such as in technology
  • people are more likely to travel because they don't have to be afraid of being too far outside their comfort zone
  • short-term: may help broaden people's minds when they come in touch with a different culture

Disadvantages:

  • the loss of smaller cultures that don't become globalized.
  • stamping out of local unique-ness that formerly defined each area and made people want to visit in the first place
  • increased dominance of one particular set of beliefs that could cause more people to be close-minded in the long term
nishu2766's profile pic

Posted (Answer #42)

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ADVANTAGES-

1.The development of Third World nations

According to Jagdish Bhagwati, a former adviser to the U.N. on globalization, although there are obvious problems with overly-rapid development, globalization is a very positive force that lifts countries out of poverty. According to him, it causes a virtuous economic cycle associated with faster economic growth. 

2.The democratizing effect of communications (esp. the internet)

Exchange of information via the internet is playing a major role in the democratization of many countries.

3.Equalization of income distribution among nations

According to Robert Reich, the globalization of the workforce has the potential to equalize income distribution. In the past, workers in industrialized countries occupied a privileged position. With the advent of the global job market, this is no longer the case. Production workers in industrial countries are loosing ground, as jobs and income are being transferred to production workers in developing countries

4.Increased opportunity in the Third World

Workers in developing countries now have more occupational choices then ever before. Educated workers in developing countries are able to compete on the global job market for high paying jobs. Production workers in developing countries are not only able to compete, they have a strong advantage over their counterparts in the industrialized world. This translates into increased opportunity. Workers have the choice of emigrating and taking jobs in industrial countries or staying at home to work in outsourced industries. In addition, the global economy provides a market for the products of cottage industry, providing more opportunities

DISADVANTAGES-

1It has increased inequality and environmental degradation.

2.In many poorer nations, globalization is the result of foreign businesses utilizing workers in a country to take advantage of the lower wage rates.

3.Brain Drain-Opportunities in rich countries drives talent away from poor countries, leading to brain drains.

4.Income Inequality

The globalization of the job market has had negative consequences in developed countries. “Mind workers” (engineers, attorneys, scientists, professors, executives, journalists, consultants) are able to compete successfully in the world market and command high wages. Conversely, production workers and service workers in industrialized nations are unable to compete with workers in third world countries and either lose their jobs through outsourcing or are forced to accept wage cuts

ssandhu05's profile pic

Posted (Answer #43)

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Benefits:

  • It helps countries with acquiring certain products. If a certain country does not have the resources available to make a product that is in demand, then they can get it from another country
  • Helps consumers because products are cheap
  • market expands, which aids the overall economy of a country since more money is being made (economy expands)
  • larger market means more jobs available
  • looking at history, it has helped with inventions
  • spread of new technologies

Disadvantages(the opposite of all the benefits):

  • there could be less jobs available instead of more
  • damage to environment since factories and more production is needed
  • can lead to issues with money (financial problems)
  • smaller countries are not able to afford certain things, causing them to not be educated in the ways of financial literacy
  • certain harmful illnesses can spread from person to person

Sources:

gabriel-percy's profile pic

Posted (Answer #45)

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IT HELPS WITH CULTURE DIFFUSION.

wattersr's profile pic

Posted (Answer #38)

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Globalization is a bad thing because it requires the population to drop by 95% before we can be completely connected worldwide

 

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