Globalization is when countries are connected in an economical, cultural and social level. Many things such as technologies and new means of transportation have encouraged globalization today.
Pros- Globalization has increased trade.
- It has made some people wealthier.
- It has allowed us to lead a more diverse lifestyle.
- Vigourous trade made poeple spend more money and have better living standards.
- Globalization has also resulted in a growth in international trase.
- Lead to understanding of other cultures around the world.
- Allowed the spread of democracy.
- Lower prices
- More efficient allocation of resources.
Cons
- The developping countries has suffered from this globalization.
- There is more chances for poeple to lose their jobs in both the developed and developping countries.
- National identities annd culture are threatened because they lix with other cultures;
- Big companies are becoming more powerful than democratically elected governments and they put their needs before the communities' and the costumors'.
- The environment is suffering from the big industries built.
- Diseases spread easily (HIV, SARS, H1N1)
http://www.tcnj.edu/~darakjy2/globalization.jpg
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