The Advantages And Benefits And Cons Of Globalization

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Globalization is strongly affecting countries all over the world, the social life of the whole human community as well as the lives of each person. Globalization is known as "A process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world." Globalization is a complicated issue. It is necessary to evaluate the benefits and drawbacks before drawing any conclusions. At the first place, there are many advantages of globalization. One…show more content…
Globalization is a process that increases the rich and poor gap between two groups of countries: development and development. Developed countries currently hold three-quarters of the world 's production, three quarters of which are international trade and investment, attracting the majority of FDI inflows (In 1999, developed countries accounted for $ 609 billion, EU accounted for $ 300 billion, the United States was nearly $ 200 billion in $ 827 billion of the world 's total FDI). Almost the largest transnational companies in the world are also located in developed countries. They also hold most of the latest technology, inventions, inventions, know-hows, and other gray matter products. This is also the place to continuously attract the "gray matter" of the whole world. In addition to economic, financial, monetary, international trade institutions such as WTO. IMF, WB ... are under the control of developed countries, led by the United States. With such tremendous economic power, developed countries are dominating the global economy. Developing countries are not strong enough to withstand the fierce competition in the world economy. As a result, developing countries are increasingly poorer than the fast-growing rich countries of developed

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