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Tuesday, June 7, 2011

Globalization

Advantages and Disadvantages of Globalization
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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