Advantage And Disadvantage Of Globalization Essay

Introduction

Opinions on whether globalization brings advantages or disadvantages in economies of individual countries and between peoples are of course, different. In fact, globalization is important and that can’t be avoided, but to pursue what we want. Globalization is a process that is synonymous for human innovation and technological progress.

Effect on developed markets - countries

Globalization is forcing companies to adapt by using different strategies based on new ideological trends that attempt to balance the rights and interests of both parties, the individual and the community as a whole. This change allows companies to compete on the world market, which also means a dramatic change in his way of management, labour and management

Among the complaints are often also that global trade is increasingly based on transnational enterprises in an effort to increase profits do not take into account the needs of the local population and individual host countries. The warnings also concern the volume and volatility of capital flows, which increase the risks of banking and currency crises, particularly in countries that have weak financial institutions. Among all of the above is also much criticism of the competition among developing countries that the goal to attract as much foreign investment, are often neglected and lower environmental standards. Finally, it should be noted that cultural diversity lost importance in favor of homogenization and universal culture, which tends to stem from American culture.

As an example of bad impact of globalization is frequently mentioned example of South American countries, where there is excessive imports of liberalization would lead to significant inequalities and the poverty threshold plunged into a bunch of people living on less than 1 USD per