Globalization - Advantages and Disadvantages

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1. GLOBALIZATION

2. What Is Globalization? Spread of; manufacturing, services, market, culture, life-style, capital, technology and ideas across national boundaries and around the world. Also the integration of these geographically dispersed economic and and social activities. Huge impacts on people and nation. The whole world is affected by globalization.

3. BRIGHT “ Bright ” & “ Dark ” Side Of GLOBALIZATION

4. Bright Sides…… Globalization gives you a larger market. You can sell more  goods  and make more money. You can create   more jobs. Consumers also profit from globalization. Products become cheaper and you can get new  goods  more quickly. `

5. Increased Standard of Living

6. Access to New Markets Stock Markets are now accessible from anywhere in the world!

7. Exchange of knowledge, INFORMATION AND CULTURE AT INTERNATIONAL LEVEL

8. Consumers got opportunities of selection and choice of goods

9. Mutual understanding among the nations increased and world became a better market Dark

10. Dark Sides… Globalization  causes unemployment  in industrialized countries because  firms  move their  factories  to places where they can get cheaper workers.

11. Less Job Security In the global economy jobs are becoming more temporary and insecure. A survey of American workers showed that people now hold 7 to 10 jobs over their working life.

12. Damage to the Environment More trade means more transport which uses more fossil fuels and causes pollution. Climate change is a serious threat to our future.

13. Benefits of globalization is For few industrialists, common man faces inflation

14. Multinational companies (MNC’ s ) are using natural resources of poor nations indiscriminately

15. Due to uncontrolled competition local small scale industries are suffering loss

16. Health Issues Globalization has given rise to more health risks and presents new threats and challenges for epidemics.

17. Analysis Globalization Is Here to Stay! Globalization does have problems and negative effects, but it is not going to disappear. So… We need to learn how to reap its benefits, and minimize its costs. To do that, we must: Understand its impacts Work to remedy the problems Work to spread the benefits as widely as possible