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Globalisation Pros And Cons

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Globalisation could be defined as the increasing integration between the market for goods,services and capital and at the same time the breakdown of borders. Globalisation is not only opening up of world trade,development of advanced technology and increeased mobility of persons, goods, data and ideas but alsocritical diseases such asinfections, diseases and pollution the process of globalisation could classified as positive or negative depending upon the outcomes that result from this process Process of globalisation can create job oppurtunities when MNCs move thier production operations into developing countries A good example of this could be when coca cola decided to set bottling plant in malasyia which according to them was able to create 600 to 800 jobs. This process could increase the living standards in countries and reduce poverty …show more content…

however globalisation can also bring a negative impact to developing countries. Certain MNCs transfer thier technology to developing countries as those technologies might cause health problem to employees as well as local citizens in the country. Globalisation can bring good and bad effects to a country. Development in undeveloped countries through globalisation may be able to reduce the amount of population living below poverty level with the help of job creation taking place in country.Local citizens are able to get a job and ensure survival of thier family and improve thier living

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