Benefit Of Globalization

Benefits of Globalization

Why do we need globalization in our life? Customers today are unable to find a huge selection of competitive products at a reasonable price due to a significant increase in cross-border trade. For example, shops selling tropical fruits throughout the year, such as pineapple, mango and lemon, make it possible to prepare delicious recipes, even in the heart of the cold winter. This example illustrates that the improvements seen in transportation, as well as the participation of many countries so that a large variety of people can access food. As a result, globalization has positive effects because it expands the range of products available to customers. Moreover, it allows poor countries and their citizens to develop

One of the most important benefits is enhancing international economics. Financial globalization is the phased process to establish a comprehensive and single market for capital under which all forms of geographical barriers and regulatory, to prevail freedom of financial flows. Globalization improved economics by providing different styles and easier ways of communication between countries, which leads to an increase of the percentage of individual businesses. To illustrate, “economic freedom and openness encourage democracy indirectly by raising living standards and expanding the middle class. Economic theory and evidence lean heavily toward the conclusion that open economies tend to grow faster and achieve higher incomes than closed economies” (Griswold, 2007).

The impact of globalization on people's health by facilitating the movement of new diseases and germs on local communities. In recent history, we find that the ease of travel and travel enabled the AIDS virus to move from the jungles of the continent to most regions of the world, so it became difficult to find a country or city in which the virus does not exist. For example, one of these dangerous diseases is SARS “WHO also played an important role in the SARS crisis by issuing travel advisories for affected areas. The move to issue travel advisories was an important change for WHO since previously travel advisories had only been issued by individual countries (National Advisory Committee on SARS and Public Health 2003, 202; Fidler 2004, 137). Noting that “the effects of the travel advisories have been profound on the economies of targeted countries” (ibid.), a Canadian report on SARS concluded that “If WHO is to continue issuing advisories, clear criteria and a process for notice must be developed by agreement among member states” (id., 203).”(Dickens,