advantage and disadvantage of globalization

1. Globalization

2. What is Globalization ?
 Globalization is the process by which people their ideas and
activities(economic ,cultural ,political ) in previously
relatively separated parts of the world become
interconnected.
 For example ;businesses or other organizations
develop international influence or start operating
on an international Scale .
 Globalization is the word used to describe the
growing interdependence of the world's
economies, cultures and populations.

3. Types of Globalization
 Financial globalization: It is the rise of a global economy
with international monetary exchanges
 Economic globalization: It is the evolution of trade systems
inside international organizations such as NGOs.
 Cultural globalization: It is the interpenetration of world
cultures.
 Political globalization: It refers to the development of
international organizations like the UN or WHO and other
bodies operating at a global level.

4. The advantage of
Globalization
 Increasing competition: Businesses that contend in the global
marketplace will naturally face competition from companies all over
the world.
 Opening larger, more diverse markets: On the other hand, companies
that open them selves up to the global marketplace .
 Collaboration and Shared Resources :Combining efforts and resources
allows for more creativity and innovation to solve problems that affect
people all around the globe.

5. The advantage of
Globalization
 Increased flow of trade, capital, information, and people.
 Globalization allows to use resources together .One of the best
examples of globalization within our lifetime is the construction of the
International Space Station.
 Globalization improves communication access.
 Globalization would help the developing world progress faster. Better
Services and GDP Growth Rate:
 Globalization always provides better services to people. Through
technological progress, services such as water supply, networking,
electricity supply, internet, and other services have become easier to
deal with.
 Globalization also ensures the participation of every country to uplift
the world GDP growth.

6. The disadvantage of
Globalization
 Rising Inequality: Globalization can raise the problem of
inequality everywhere in the world by increasing
specialization and trade.
 Growing Unemployment rate: Globalization can increase
the unemployment rate since it demands higher-skilled
work at a lower price.
 Environmental Harm: The speed of industrialization is
rising as an outcome of globalization. Industrialization
advances economic growth, but it also harms the
environment.

7. The Disadvantage of
Globalization
 Overall economic growth in developed
country such developing countries may be
slowed due to globalization.
 Globalization is associated with rapid and
significant human changes. The movements of
people from rural to urban areas has
accelerated, and the growth of cities in the
developing world especially is linked to
substandard living for many.