Advantages And Disadvantages Of Globalization In The Caribbean
Question 3 Globalization Globalization can be defined as the growing interdependency between countries that results from increasing free trade and free movement. The Caribbean has benefited in many ways from globalization. With the availability of Globalization the people of the Caribbean have found that they are also able to access greater and even a wider variety of service. When we speak of globalization there are advantages and disadvantages as it applies to Caribbean countries. The advantages includes but are not limited to increased jobs, increased interest in services and goods, economic growth, foreign competition forcing domestic producers to be more efficient and advanced technology. Some of the disadvantages however include; unemployment due to …show more content…
The Caribbean over the years have been affected by globalization in terms of health and environment as the methods of transportation used for goods have to be continuously improved as to eliminate the spread of infectious diseases. Environmental consideration have decreased as businesses have taken advantage of the weak regulatory rules that exist factories continue to release increased emissions, chemical pollutants and other wastes in oceans of our lands. It is evident that whole globalization provides revenue it is also slowly destroying the beautiful fauna and flora of the Caribbean. In reality there are advantages and disadvantages of globalization as it applies to Caribbean countries. Globalization is also deemed as important for the development of not only Trinidad and Tobago but by extension the Caribbean as it will aid in the development of the country by increased economic growth and national income. No part of the world is immune to the process of globalization but where the challenge lies is where we must understand that the world is evolving and find a place in
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