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Disadvants Of Globalization: Advantages And Disadvantages

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Advantages and disadvantages of Globalization The advantages of globalisation: The market is expanded internationally as it eradicates the protection formally enforced from global markets, it’s put continual pressure on the industry giants to adhere to global prices and remain competitive and in turn it offers a larger variety of goods to the consumer. This new and improved list of goods is due to the advancement in technology which in turn reduces barriers; this makes the speed of exchange much faster. The widened market also allows easy access to foreign directive market which increases the level of healthy competition between regions. As quoted earlier the customer receives a higher quality and quantity of products, and a cheaper price too. The impact of globalisation …show more content…

When we buy a top in Ireland, it could be made in Mexico or our shoes could be made in China, the beauty of globalisation is a wider and cheaper market with increases in health, wealth and knowledge for both the rich and the poor. It allows the “home” feeling in foreign countries when we travel, seeing the McDonalds golden arches amongst unfamiliar restaurants abroad. It has an overall positive influx on the standards of living, lifting the barrier of poor standards and introducing appropriate regulations. It allows a better communication between businesses and their partners. It creates fair working and opportunities for those small businesses. It brings together nations to form a larger internationally based market and unites nations, in time a “world’s middles class” could be achievable to eliminate inequalities. (Geddes, 2004) It allows the expansions of growth within the economy such as tourism, growth in employment, the sharing of technological knowledge and a union of all the countries to promote a fairer, more efficient and equality based international

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