Advantages and Disadvantages of Globalization

Advantages and Disadvantages of Globalization

Some Advantages Some Disadvantages

• Increased free trade between nations

• Increased liquidity of capital allowing investors in developed nations to invest in developing nations

• Corporations have greater flexibility to operate across borders

• Global mass media ties the world together

• Increased flow of communications allows vital information to be shared between individuals and corporations around the world

• Greater ease and speed of transportation for goods and people

• Reduction of cultural barriers increases the global village effect

• Spread of democratic ideals to developed nations

• Greater interdependence of nation-states

• Reduction of likelihood of war between developed nations

• Increases in environmental protection in developed nations • Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor

• Increased likelihood of economic disruptions in one nation effecting all nations

• Corporate influence of nation-states far exceeds