Pros & Cons of globalization

Pros & cons of globalization,ecnomically pros & cons globalization ,cultural pros & cons of globalization,political pros & cons of globalization

1. GLOBALIZATION PROS & CONS Presented By Amna Nawazish (49313) BSSE

2. Pros Cheaper prices for products and services. Better availability of products and services. Increased Competition. Products and retailers can diversify their markets and contribute to economic growth. Some countries struggle to compete. Extract behavior of some foreign companies and investor. Problems of “social dumping”. “Contagion effects” is most likely in times of crises . Strong bargaining power of multinational companies vis-à-vis local governments. ECONOMIC CONS

3. Access to new cultural products. Better understanding of foreign values and attitudes. Less stereotypes and misconceptions about other people and cultures. Capacity to communicate and defend one’s values and ideas globally. Instant access to information from anywhere in the world. Dangers of cultural homogenization Some small cultures may lose their distinct features. Spread of community-based consumer culture. Westernization , cultural imperialism or cultural colonialism Pros CULTURAL CONS

4. P O L I T I C A L

5. Access to international aid and support. It contributes to world peace. It reduces risk of invasion, more checks to big power and limitation to nationalism. Smaller countries can work together and gain more influence internationality. Governments can learn from each other . State sovereignty is reduced . Big countries can shape decision in supranational organizations. Some countries can veto decisions slow down decision making processes. Coordination is difficult and expensive. Pros POLITICALS CONS

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