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Advantages and Disadvantages of Globalization and Cultural Globalization

Summary:

Globalization has advantages like job creation in high-unemployment areas, increased economic competition lowering consumer prices, and enhanced international communication fostering cultural tolerance. However, it also has disadvantages, such as labor exploitation, potential conflicts over resources, erosion of cultural practices, shrinking middle classes in developed countries, and tax avoidance by corporations. Cultural globalization can unify diverse groups but may impose dominant cultural values on smaller societies.

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What are the advantages and disadvantages of globalization?

The globalization of the world economy has led to numerous positive and negative effects. It has brought jobs and industry to parts of the world where unemployment used to be high. However, it also has led international companies to sometimes exploit cheap labor and circumvent safety practices in the workplace by employing workers in places without robust labor protections.

Globalization has led to increased economic competition between many countries which has helped keep prices low for consumers. Yet, this competition has the potential to lead to conflicts as nations compete over limited resources. Countries also sometimes manipulate their currencies in order to take advantage of price differences. This practice often offsets any advantage that this type of competition may give to the consumer.

The type of international communication that globalization fosters has led to new connections and information sharing at levels never before seen. As a result, people have become more tolerant of cultural and national differences in many cases. However, many people worry that this is leading to the erosion of endemic cultural practices and ethnic identities in many places.

The cheap consumer goods that have resulted from globalization have meant that the purchasing power and standard of living of the middle class has increased in many parts of the world. At the same time, the outsourcing of jobs overseas has also led to the shrinking of the middle class in many developed countries.

Multi-national economies have led to an influx of revenue where it may not have previously been seen. Yet, this practice has also allowed corporations to circumvent paying taxes by taking advantage of offshore tax havens.

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What are the advantages and disadvantages of globalization?

Globalization is the practice of trading across national and political boundaries. The opposite of globalization is protectionism, which seeks to protect domestic businesses by imposing trade barriers on foreign competition.

There are several great benefits of globalization. For starters, it gives poorer countries an opportunity to become involved in the production of goods that they might not otherwise have. As countries seek a cheaper means of producing goods, they often look to less industrialized societies, which can lower production costs—and companies can therefore pass on those savings to consumers. Therefore, countries with few resources can become an appealing option for business opportunities. This can therefore increase the wealth and living standards of those living in traditionally less industrialized societies, giving them a means of employment and income that may not otherwise exist. Globalization also brings people from various cultures together, giving them a shared interest in common goals.

Yet there are also significant disadvantages of globalization. While less industrialized societies are often the focal point of new business efforts, workers are often paid wages that are not fair, leading to the exploitation of poorer societies. While larger societies benefit from substantial economic growth, poorer countries never see this same economic boom. Some also say that globalization fairly forces the values and culture of larger societies onto smaller ones in ways that are not appreciated and could even be harmful. Globalization is also seen as harmful to local economies, which often cannot compete with prices established through a global market. This decreases competition, which over time can actually increase market prices. Globalization also shifts jobs away from local economies in favor of producing goods cheaper in other countries; this means that local economies may suffer as unemployment rates increase.

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What are the advantages and disadvantages of globalization?

To answer this question, we first need to define what globalization is. In simple terms, globalization refers to the movement of products and information across international borders and cultures. For example, it is far more likely today to find American and Asian products in Africa than it was 50 years ago; this is the result of globalization.

There are many advantages to doing business in the age of globalization. By moving their manufacturing operations abroad, companies can reduce their labor costs, and thanks to the ability to get raw materials from anywhere in the world, these can often be obtained more affordably. In a social context, globalization allows for greater levels of intercultural understanding, as ideas, works of art and literature are spread between nations.

On the down side, the advantages of globalization are not evenly spread, and it results in some people obtaining wealth while others descend into poverty. For example, textile industries around the world have suffered huge losses through not being able to complete with the prices that can be offered in China. In addition, countries determined to glean maximum economic benefit from globalization could be tempted to increase productivity by being too relaxed in terms of health and safety laws. As big brands become increasingly entrenched around the world, small local businesses often pay the price, being unable to compete with companies big enough to take advantage of the economies of scale and scope made possible by globalization.

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What are the advantages and disadvantages of globalization?

Some advantages of globalization are as follows:

It has helped to lift millions of people out of poverty in the developing world. This is because globalization works best in countries that are labor-rich but capital-poor.

It broadens access to goods and services. Thanks to globalization, far more goods and services are now more widely available to more people at a much lower price.

Disadvantages of globalization:

Workers in developed countries can lose out to countries with cheap labor and weak regulation. All too often, this encourages a race to the bottom in terms of labor standards as well as environmental regulation.

Globalization puts more power in the hands of big corporations. This often comes at the expense of state sovereignty and seriously impairs the ability of citizens to hold corporations to account.

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What are the advantages and disadvantages of globalization?

Advantages of globalization:

  • Globalization reduces international poverty
  • Globalization contributes to the spread of technology
  • Globalization adds to the profitability of companies and corporations
  • Globalization builds stronger trade ties and dependencies between nations

Disadvantages of globalization:

  • Globalization can be a major motivation for companies to move overseas where they can exploit lax labor laws and low environmental standards
  • Globalization can homogenizes the world culture, both positively and negatively
  • Globalization can destroys entire industries in developed countries (e.g., US automakers, textile manufacturing)
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What are the advantages and disadvantages of globalization?

Globalization is the trend of global cultures getting closer and melding more as technology and travel allow people to experience diverse cultures more easily. There are obvious benefits to this, but there are some additional drawbacks.

On the positive side, globalization helps with enrichment and cultural development. People are able to see and experience different cultures, and this enriches their lives and helps them to learn and grow. This benefits society at large, as diverse experiences and perspectives offer unique ideas, promote solving global problems, and help to develop a stronger global culture and an inclusive environment.

Globalization is also beneficial for businesses because they are able to sell and work in a larger market than previously. They can also draw their workforce from a larger base than if they were limited to one geographic area. However, the ability to draw their workforce from economically disadvantaged populations often leads to exploitation of workers (e.g., underpaying them, providing dangerous working conditions, promoting child labor, etc.).

As a negative, it does expose people to the downsides of culture that can be detrimental. Globalization can lead to racism, terror organizations, and other threats. Additionally, one minor negative is simple dissatisfaction. People will get frustrated with their own culture or country because they have only seen the positive aspects of another culture through technology or tourism. While there may be benefits they’d appreciate more in the other culture, they may be blind to its negative aspects and are therefore seeing an ideal society in their mind that makes them frustrated with their own culture.

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What are the advantages and disadvantages of globalization?

Gloablization is such a complex topic that it is difficult to reduce it to a few advantages and disadvantages. It impacts the way business is done on a global scale and can change the landscape of businesses both large and small.

One advantage of globalization is that it offers low-cost alternatives to companies and individuals alike. Similar products are available throughout the world, and they are produced more economically in places like China, India, and Mexico than in America or other similar countries.

A disadvantage of globalization is that it can bolster large companies like Amazon and be detrimental to small, local businesses, due to the resources and reach of that larger company.

Another advantage is that it allows you to reach more customers. A small company, if they are able to get into the market, can effectively do business throughout the world due to the internet and international manufacturing and service options.

A final disadvantage is that it complicates standards and quality requirements. Different nations have different requirements, and it is very difficult to get all of these matched up properly.

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What are the advantages and disadvantages of globalization?

The major advantage of globalization is that it helps cause overall economic growth around the world.  Globalization brings new and better jobs to countries such as China and India that were once on the periphery of the world economy.  As it creates new jobs in those countries, it brings goods and services to the developed world at lower prices.

The major disadvantage is that it harms specific economic sectors in various countries.  Typically, low-skilled workers in rich countries suffer from foreign competition.  So do inefficient farmers in developing countries.  Even as globalization helps people on average, there are some who are hurt as they come to be outcompeted by foreigners.

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What are the advantages and disadvantages of globalization?

This is a great question that can be answered in many different ways. Let me list a few positives and then list a few negatives.

The positive aspects of globalization are as follows. First, with globalization, you are dealing with a global market. So, companies not only have a domestic market, but an international one. This can be a huge benefit in terms of sales and expansion. Another benefit of globalization is that you can draw the best in the world to your company. Hence, your talent pool is the world. With this you are also able to outsource to save more money.

The negative points of globalization is that you might hurt your own economy. For example, if you outsource all your jobs, your company might do well, but the local economy will not. Second, with a global economy, we tend to spend much more money on fuel, which can be hazardous to the environment.

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What is globalization? Please list its advantages and disadvantages.

The previous answers have covered most of what globalization is. Some additional aspects are that personal computers and the internet have boosted the easy connectivity of peoples throughout most of the globe. Thus, communication is almost instant.

Business and trade is now interconnected between commercial and individual concerns face to face through monitor screens via pc, smart phones, etc.

Social websites have created a global interconnect of meeting individuals, making friends, forming relationships that could develop into lasting relationships.

Honest communication between people on a global scale can break down prejudices and educate us that people throughout the globe pretty much have the same basic needs and goals.

Dishonest communication on the other hand can frustrate and lend to a lack of trust that is sad because you see just how much fraud is being promoted by selfish people. You wonder, "who can I trust?"

Glitches in technology, such as email that cannot be sent or received or viruses that dishonest people penetrate can be frustrating and sometimes cause one to think that we were better off not globally connected.

These are additional aspects of globalization in response to the original question.

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What is globalization? Please list its advantages and disadvantages.

Globalization is the process where the economies of various countries in the world become more and more connected to one another.  In a globalized economy, people from one country can buy goods quite easily from other countries.  Nowadays, people in one country can even buy services from other countries (because of the internet a company can have accountants in India, for example, do its taxes).

The main advantage (economists say) is that people get more goods and services for a cheaper price.  Instead of having to buy something made in America, I can buy the same thing made in China, but cheaper.  That's good for me.  You can also say globalization helps countries like China get richer and eventually that will mean they'll buy more stuff from us (like computer programs and movies and such).

The disadvantage that most people see is that this means just about any job (in a rich country like ours) can end up getting sent to another country.  So we have to compete with people who have way lower standards of living and can work for way less pay.  This really annoys a lot of people in the US and that's why we have a lot of calls for less in the way of free trade.

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What are the advantages and disadvantages of globalization?

Globalization, in an economic sense, is the existence of transnational corporations in which capitalism serves as a global connection for corporations to profit off resource extraction in one country, labor in another, and sales in others. Globalization results in even greater wealth disparities between the rich and the poor and between the global north and the global south. Globalization has resulted in trade pacts, such as the North American Free Trade Agreement, that have horribly negatively affected farmers and laborers in Mexico; subsidized corn from the United States flooded Mexico, and immensely low wage factories were set up along the border for the benefit of the wealthy.

Globalization has also resulted in fighting back against resource extraction and horrific labor exploitation, as the powerful transnational corporations are often much harder to defeat than local governments or companies. Globalization may be beneficial in terms of global solidarity against exploitation and can have positive effects in terms of cultural exchange, but for the most part, globalization has vastly expanded wealth disparities.

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What are some advantages and disadvantages of cultural globalization?

Some say that the world is getting smaller because of the technology we have developed in recent years, and I think cultural globalization is one product of that. It's now common for my phone to remind me of the holidays of various cultures. Because news is almost instantaneous worldwide, the drop date of the new Apple phones hit markets around the world at approximately the same time. Celebrities and sports stars are followed on their social media accounts, influencing purchasing and public thought everywhere.

In some ways, cultural globalization allows for the sharing of diverse cultures. Because of cultural globalization, my experience is richer because it is influenced by so many different types of cultures and people. I can also be mindful of not just the successes of cultures around the world, but also keep informed regarding their struggles. Thus, I can use my purchasing power to help small businesses around the globe in meaningful ways, thus supporting families, communities, and economies outside my own.

But there are some potentially troublesome aspects of cultural globalization. Some feel that small cultures eventually get consumed by a more massive "mainstream" global culture. Big businesses with a great deal of economic influence make decisions that could negatively impact the local economies and human populations of underrepresented global cultures. Larger markets have the power to influence the societal values in cultures across the globe, and not in ways that are helpful to all societies and groups.

Since cultural globalization is a predominant factor that shapes our world and the way we interact with each other, I think it's important to continually evaluate the impact our personal decisions (mostly through purchasing power) could have on other societies.

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What are some advantages and disadvantages of cultural globalization?

First, it's important to note that globalization has always been around. Polynesians sailed to the Americas thousands of years ago. They brought their boa designs to the Americas and brought chickens and sweet potatoes back to Polynesia. Thousands of years before that, the Inuit sailed to Europe and brought the harpoon to Europeans. What has changed is mostly the speed and scale of globalization.

The worst effect of globalization is that it enables the great increase in power and wealth of corporations and other undemocratic forces. Multinational companies often gain more power than nations and peoples do, as when Coca Cola tried to seize the public water of Bolivia or when IT&T worked with the CIA to overthrow the democratic government of Chile. Often global capitalism brings destructive ideas in the name of profit, as when anorexia and bulimia become widespread in cultures that before viewed being overweight as a sign of prosperity rather than unattractive.

But globalization's speed greatly aids popular and democratic social movements as well. Genocides and atrocities gain the public attention within weeks, even hours. By contrast, King Leopold of Belgium killing millions in the Congo in the late nineteenth century with rubber and slave trades took almost a decade to become widely known.

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What are some advantages and disadvantages of cultural globalization?

Globalization has many advantages and disadvantages. On the positive side, cultural globalization increases the opportunity for people to understand other cultures. If we eat Chinese food, view Indian art, read Latin American books, listen to African griots, and appreciate Islamic architecture, for example, we no longer view those cultures as alien or "other", but come to understand and appreciate them. This ideally means that we react to the people of those cultures with understanding rather than fear and hatred. Also, influences from global cultures make our own culture richer, more complex, and less provincial.

On the negative side, the cultures of rich, powerful, and populous nations can dominate global culture and often lead to the withering of smaller cultures and languages. Global culture can act as a form of imperialism. Also, globalization can lead to cultural homogenization, making regional traditions less distinctive and interesting. Creators can be compelled to satisfy the tastes of the largest markets leading to less innovation and creativity.

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What are some advantages and disadvantages of cultural globalization?

There are at least two major advantages of cultural globalization.  First, cultural globalization broadens the range of cultural experiences that we can have.  Before globalization, we were only able to partake of our own culture.  As globalization has continued, we have come to be able to enjoy aspects of many other cultures.  Here in the United States, I can eat foods from many different countries.  I can watch cricket from India and soccer from England on TV.  I can watch music videos from South Korea.  We can all watch Harry Potter movies, made by an American studio from books by an English woman.  Because of cultural globalization, we can have a much richer cultural life.

Cultural globalization, we can argue, has also spread democratic values and respect for human rights.  Globalization has encouraged people in many countries to think about things like the rights of women.  It has exposed people to ideas of toleration and freedom of religion.  These values are not universally accepted, but they are more prevalent now than they were before cultural globalization began.

There is one major downside to cultural globalization.  This is the possibility that cultural globalization is destroying unique cultural practices in various countries and thereby reducing the amount of cultural diversity that exists in the world.  This process is sometimes known as cultural imperialism.  People who believe that this is going on feel that certain cultures (particularly that of the United States) are coming to dominate the world.  They point to things like McDonald’s restaurants springing up in many countries around the world and say that these things drive out local cuisines.  They say that American values on things like sexuality are being forced on other countries by American movies, TV, music, and other media.

As cultural globalization continues, people argue over whether it is a good thing.  On the one hand, it gives people more options and spreads what some would call good values.  On the other, it can lead to cultural imperialism and the spread of American (and some other cultures) including the negative aspects of those cultures.  

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What are the major advantages and disadvantages to globalization?

There are as many advantages and disadvantages of globalization are there are different types of globalization, and many people disagree on what aspects of the phenomenon are advantageous or disadvantage to whom.

On the most general level, globalization means increased global communication. Most people think this is a good thing, as it allows people to understand and get to know other cultures, and is one small step on the long and arduous journey towards world peace. The more one has friends and colleagues from other cultures, the better one can begin to understand their ideas and needs and positions rather than just dismissing them as alien. On the negative side, global communication can mean "winner takes all" in the cultural marketplace, with world culture growing more uniform, and more powerful languages and cultural phenomena such as film and music crowding out smaller languages, traditions, and local cultural productions.

Global supply chains and business can reduce costs and reduce global inequality but they can disrupt the lives of workers across the globe. Often globalization can mean export of toxic waste and environmental degradation, exploitation of resource-rich developing countries, and sweat shops.

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What are the major advantages and disadvantages to globalization?

One advantage of globalization is it encourages countries to have better relationships, which have led to international trade and technological advancements because people around the world can exchange innovative ideas. Due to globalization, many nations are sharing their resources with other countries to counter poverty, famine, and disease. Moreover, globalization has increased diversity in many countries as people continue to embrace different cultures.

Conversely, globalization has resulted in the loss of cultural identity by many communities. Developed countries such as the United States have influenced many cultures around the globe. For instance, technological advancements in the U.S. such as the internet and faster means of transportation have led to the distribution of American products around the world such as literature, music, films, and other consumer products. With greater distribution, American products may outcompete local products in developing countries.

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What are the major advantages and disadvantages to globalization?

Globalization is one of the most important factors that are shaping our world today.  Globalization affects countries in terms of economics, politics, and culture. 

There are positive aspects of globalization in all three of these realms.  Culturally, globalization gives people more choices.  It allows people to watch movies or listen to music from many different countries.  Politically, globalization has helped to improve many countries.  Globalization generally works to push countries to become more democratic and open because most of the rich countries of the world have governments that fit that description.  Economically, globalization helps to allow more people around the world to have access to more wealth and more consumer goods.

The problems associated with globalization are mainly cultural and, in particular, economic.  Culturally, people fear that globalization is homogenizing the world.  They fear that it is destroying the cultural distinctiveness of many of the nations of the world.  Economically, globalization clearly hurts some segments of most economies.  For example, in developing countries, globalization often hurts farmers.  Farmers in these countries do not have the technology to allow them to compete with farmers from rich countries.  In rich countries, it is manufacturing workers who are harmed.  They cannot compete with the low wages that workers in developing countries are willing to accept.  Thus, some people in most countries are harmed economically by globalization. 

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What are considered the major advantages and disadvantages of globalization?

One of the advantages of globalization is that developing countries can benefit from international markets and improve their economic status. Furthermore, globalization enables such nations to export cheap goods. Also, globalization has resulted in reduced taxes and tariffs, which encourages free trade. Therefore, products and services are affordable because of increased competition. Even more, globalization has enabled developing countries to benefit from the technologies used in first-world nations.

On the other hand, globalization has resulted in the deindustrialization of many countries, which has negatively affected the availability of blue- and white-collar jobs. In addition, despite many proponents of globalization arguing that it has encouraged free trade, there are those who note that many countries still continue to impose high taxes on imports.

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What are considered the major advantages and disadvantages of globalization?

Globalization is perhaps the most important feature of the world’s economy today.  It is most definitely a two-edged sword.  It is seen as something that can improve the overall economic situation of people and countries around the world.  However, at the same time, it is seen as something that does great harm to individual people and individual industries in various countries.

The main benefit of globalization is that it increases the amount of goods and services that can be produced in the world and tends to lower their price.  When more countries are able to participate in the global economy, those that can make products most cheaply tend to get to make those products.  This means that more products can be made at lower prices.  On the whole, more production means better lives for people on average.

The problem is that globalization hurts some individuals while helping others.  We can see the hurt that globalization does here in the US.  Globalization has hurt Americans who have little education and/or have been working in manufacturing.  These people used to be able to get good jobs that paid well.  Today, “their” jobs have been sent to other countries and they can only get lower-paying jobs here.

Thus, globalization is said to help people as a whole, but to hurt individual groups.

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What are some advantages and disadvantages of cultural globalization?

The merits of globalization:

  • It makes more goods and services available to more people, often at lower prices.
  • Globalization has lifted millions of people in the developing world out of poverty.
  • A globalized society is one in which people all over the world become more aware of other cultures and traditions, which promotes greater mutual understanding. The world is smaller thanks to globalization.
  • Information and technology can spread much more quickly, often to remote areas of the globe. The practice of microlending and the rise of mobile banking in developing countries such as Kenya are examples of this.

The demerits of globalization:

  • Globalization encourages businesses to relocate to where labor is cheapest. This means that skilled workers in developed countries such as the United States can be undercut by foreign competitors and lose their jobs.
  • Globalization encourages a "race to the bottom." This means that, in order to be profitable, companies relocate to those countries with the weakest labor, environmental, and human rights protection. In turn, this prevents developing countries from coming up to the same standards in those areas as the developed world.
  • The development of a "monoculture" that suppresses cultural identity. If millions of people the world over are drinking the same soda or wearing the same clothes or watching the same movies, then precious cultural practices can be lost.
  • Globalization puts more power in the hands of large multinational corporations. This reduces the sovereignty of individual states and means that citizens of developing countries can't hold anyone to account for decisions that affect their daily lives.

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