Effects of globalization

CONs

PROs

• Goods and people are transported with ease and speed;
• the possibility of war between developed countries decreases;
• free trade between countries is stimulated;
• competition rises thus reducing prices and improving the quality of production;
• global mass media connects all people all over the world;
• as the cultural barriers reduce, the global village dream becomes more realistic;
• there is a spread of democratic ideals;
• growth of interdependence of the nation-states;
• developed countries can invest in developing ones;
• flexibility of corporations to operate across borders rises;
• the communication between individuals and corporations in the world increases;
• environmental protection in developed countries grows.

• Outsourcing of manufacturing and white-collar jobs to the Third-World with a low labour cost;
• increase in activities such as child labour and slavery;
• growth of terrorism and criminality;
• ecological problems, especially in developing countries – these areas turn into garbage-dumps where all industrial waste is accumulated and pollution levels are sky-high;
• spread of consumption junk food as fast food chains like McDonalds and KFC are expanding fast all over the world;
• poverty in developing countries rises;
• spread of deadly viruses and diseases like AIDS on a global scale;
• environmental degradation and devastation of natural reserves of the planet Earth.

• Improvement in the information flow between geographically remote locations
• the global common market has a freedom of exchange of goods and capital
• there is a broad access to a range of goods for consumers and companies
• worldwide production markets appear
• free circulation of people of different nations leads to social benefits
• global environmental problems like cross-boundary pollution, over fishing on oceans, climate changes are solved by international discussions
• more trans-border data flow using communication satellites, the Internet, wireless telephones, etc.
• international criminal courts and international justice movements are launched
• the standards applied globally like diplomas, patents, copyright laws and world trade agreements increase, so documents, authorized by one country are quite often recognized in another
• international travel and tourism increases
• multiculturalism, a concept that emerged from globalization, maintains different cultures and promotes their social linking
• multilingualism develops, as every society has its own cultural identity. People learn foreign languages and lifestyle of other cultures
• worldwide sporting events like the Olympic Games and the FIFA World Cup are held
• enhancement in worldwide fads and pop culture
• local consumer products are exported to other countries
• immigration between countries increases
• cross-cultural contacts grow and cultural diffusion takes place
• there is an increase in the desire to use foreign ideas and products, adopt new practices and technologies and be a part of world culture
• free trade zones are formed having less or no tariffs
• capital control is reduced

Дата добавления: 2014-12-23