List the advantages and disadvantages of globalization. Answer in listings, not in lengthy paragraphs.

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readerofbooks | College Teacher | (Level 2) Educator Emeritus

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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.

 

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brettd | High School Teacher | (Level 2) Educator Emeritus

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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)

For more info about the pros and cons of globalization, check out this video:

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avasbruce | Student, Undergraduate | (Level 1) Salutatorian

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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.

 

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krishna-agrawala | College Teacher | (Level 3) Valedictorian

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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.

For more info about the pros and cons of globalization, check out this video:

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dg08 | Student, College Freshman | (Level 1) Honors

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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

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rksudhir | (Level 1) Salutatorian

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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.
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loraaa | Student | (Level 2) Valedictorian

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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.

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gowrirajendran | Student, Undergraduate | (Level 1) Honors

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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.
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jumawchrispinus | Student, Undergraduate | (Level 1) eNoter

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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 | eNotes Newbie

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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!

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joashy | Student, Undergraduate | (Level 1) Honors

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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.

 

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brittbritt4458 | Student, Grade 11 | (Level 1) Honors

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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 | eNotes Newbie

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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. 

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suniltewatia | Student, College Freshman | (Level 1) eNoter

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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
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livingwater | Student, Undergraduate | (Level 1) eNoter

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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

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cheezea | Student, Grade 10 | (Level 1) Valedictorian

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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

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wescarlyon337 | Student, Grade 10 | (Level 1) Salutatorian

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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

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