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1. 
   krishna-agrawala Teacher
   Graduate School

   eNotes Editor

   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.

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   Posted by krishna-agrawala on Friday November 6, 2009 at 8:53 AM
   
   

2. 
   brettd Teacher
   High School - 12th Grade

   eNotes Editor

   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)

   Sources:

   http://www.mtholyoke.edu/~iannu20j/classweb/exampleofglob...

   http://www2.hawaii.edu/~fredr/glocon.htm

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   Posted by brettd on Monday November 9, 2009 at 5:14 PM
   
   

3. 
   readerofbooks Teacher
   Doctorate

   eNotes Editor

   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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   Posted by readerofbooks on Tuesday November 10, 2009 at 4:07 PM