The Disadvantages And Consequences Of Globalization

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The phenomenon of globalisation is characterized by openness of economies and their respective boundaries as a consequence of the increase in international trade of goods, the movement of capital and persons, spread information and development of transport and communication.
There is no consensus to know exactly when the phenomenon of globalisation began. Some historians believe that this event emerged with the advent of the great navigations, where there was an exchange of goods among continents, land occupation and expanding of trade between different parts of the globe. Others, consider that this episode started in the mid-twentieth century at the end of World War II. Whereas, in this period occurred a technological revolution, a significant advance in the areas of communications and the establishment of diplomatic and trade mechanisms among nations.
Although considered mainly an economic event, globalization goes far beyond this single dimension, being able to provide the global integration of a cultural, social and political level.
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In consequence, there were some technological advances that were necessary and that finally reduced the costs of transportation and communication. With the ease of entry of imported products in the country, there was an increase in supply and improved the quality of national products. Thus, imported products became cheaper and nationals had a improves. Besides being a great enabler source of jobs. According to Intriligator (2003) other important advantage is that companies are able to increase their size to multinational and international level. This generates an increase of power, profits and productivity, since these companies can choose different nations as sources of materials, installations and productions of market adapting to that best suits
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