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Positive Effects of Globalization

The document discusses several positive and negative effects of globalization. The positive effects include access to larger markets, cheaper goods for consumers, countries specializing in what they produce most efficiently, and global cooperation on issues like climate change. However, globalization can also increase environmental damage through greater production, disrupt local cultures, exploit cheap foreign labor, benefit wealthier countries over poorer ones, and increase income inequality within societies. The perspective is that while globalization provides opportunities, it must be implemented carefully to balance its benefits and address its potential harms.

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John Carlo Mariano
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39 views2 pages

Positive Effects of Globalization

The document discusses several positive and negative effects of globalization. The positive effects include access to larger markets, cheaper goods for consumers, countries specializing in what they produce most efficiently, and global cooperation on issues like climate change. However, globalization can also increase environmental damage through greater production, disrupt local cultures, exploit cheap foreign labor, benefit wealthier countries over poorer ones, and increase income inequality within societies. The perspective is that while globalization provides opportunities, it must be implemented carefully to balance its benefits and address its potential harms.

Uploaded by

John Carlo Mariano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Positive effects of globalization

1. Gives access to a larger market through globalization countries and companies have access to
a bigger consumer base.

Source: Anonymous (2021). Retrieved from https://www.managementstudyhq.com/globalization-positive-negative-impacts-of-globalization.html


2. Provides cheaper goods for consumers because of globalization a lot of companies are
moving to areas where their cost of production is low they, in turn, offer cheaper products
because they are not expensive to make hence lower prices for consumers

Source: Anonymous (2021). Retrieved from https://www.managementstudyhq.com/globalization-positive-negative-impacts-of-globalization.html


3. Globalization wets countries do what they do best for example, a country can buy cheap steel
from another country instead of making its own steel. They can then focus their efforts on
making other things they are good at like computers and export them to the countries they
import cheap steal from.

Source: Anonymous (2021). Retrieved from https://www.managementstudyhq.com/globalization-positive-negative-impacts-of-globalization.html


4. Promotes World Peace and Unity. Globalization brings governments together so that they can
tackle common goals together. For example, due to globalization world leaders have seen the
impact of pollution and have resolved to tackle climate change together.

Source: Anonymous (2021). Retrieved from https://www.managementstudyhq.com/globalization-positive-negative-impacts-of-globalization.html


5. Innovation the desire to make a profit has always been a spur to expanded trade, innovation,
and the communication of ideas. The great ideas from leaders spread more easily.

Source: Anonymous (2021). Retrieved from https://www.managementstudyhq.com/globalization-positive-negative-impacts-of-globalization.html


Negative effects of globalization

1. Causes environmental damage globalization has led to increased production for businesses in
order to meet global demand. Increased production means more natural resources are used
and this can be used up before they are regenerated leading to a negative impact on the
environment.

Source: Anonymous (2021). Retrieved from https://www.managementstudyhq.com/globalization-positive-negative-impacts-of-globalization.html


2. Globalization mixed different cultures. Then people reconsidered their authentic rules and
customs regarding their culture as primitive. Some nations from developing countries adopt
the western culture and abandon there’s own

Source: Edusson (2021). Retrieved from https://edusson.com/blog/positive-and-negative-effects-of-globalization


3. Exploits cheaper labor markets. Globalization allows businesses to increase jobs and
economic opportunities in developing countries, where the cost of labor is often
cheaper. However, overall economic growth in these countries may be slow or
stagnant.
Source: MasterClass (2020). Retrieved from https://www.masterclass.com/articles/how-globalization-works-pros-and-cons-of-globalization#what-
is-globalization
4. Globalization operates mostly in the interests of the richest countries, which continue to
dominate world trade at the expense of developing countries
Source: Anonymous (n.d). Retrieved from https://www.bbc.co.uk/bitesize/guides/zxpn2p3/revision/5
5. Studies also suggest that globalization may contribute to income disparity and inequality
between the more-educated and less-educated members of a society. This means that
unskilled workers may be affected by declining wages, which are under constant pressure
from globalization.
Source: Anonymous (n.d). Retrieved from https://www.nationalgeographic.org/article/effects-economic-globalization/9th-grade/
Personal Perspective Towards Globalization

Globalization is a double-edged sword because it can be either have positive or


negative effect in a country. Globalization created an opportunity in most of the regions like
trading of goods or services, increase of job, and make many countries connected to each
other. Globalization also effect the environment because products need resources, it can also
affect the native culture of the country. World need a power balance so that developed
country wouldn’t abuse the globalization. We also need the balance of power in the world to
control the negative effect of the globalization.

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