Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
31 views2 pages

Globalization

Globalization shows how countries benefit from economic and technological changes worldwide but can also force weaker countries to conform to the wants of stronger countries. While globalization helps decrease costs, its economic and social benefits are not distributed evenly among societies, resulting in disparities between rich and poor. Positive effects include access to new markets and cultures, as well as improved standards of living for developing nations.

Uploaded by

Edmalyn Domingo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
31 views2 pages

Globalization

Globalization shows how countries benefit from economic and technological changes worldwide but can also force weaker countries to conform to the wants of stronger countries. While globalization helps decrease costs, its economic and social benefits are not distributed evenly among societies, resulting in disparities between rich and poor. Positive effects include access to new markets and cultures, as well as improved standards of living for developing nations.

Uploaded by

Edmalyn Domingo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

What is globalization?

Based on my understanding, globalization shows


how they get the benefits of economic and technological change around
the world. The negative effects of globalization, they force the weak
countries around the world to do what they want to develop. There are
countries whose economy is not changing or not developing, due to the
effect of the environment, culture, and human physical well-being in their
societies. Like example company, there are employees whose salary is
low, it is effect or cause intense competition in the other local industries.
Same as environmental damage caused our health and either
environmental pollution that factories have failed in the price of goods, so
it is their cost that reduces. Also an example of the social cost/economic
benefits of globalization are not evenly distributed among society,
resulting in great disparity between the rich and poor. So the workers
were forced to work in an environment.
The positive effect of globalization is a great help to us, why? because
they decrease the cost of investment, manufacturing and transaction, it is
that one can purchase and sell goods from any part of the world. This
implies that businesses may charge customer less for their products. Like
example acccess to new cultures for instance the traiding of commodities
of product that can economic growth. Also the higher standards of across
the gobal that can developing nations experience an improved standards
of living, like also access to new market, that the companies interested in
the benefits look for flexible and innovative ways to grow their business
overseas.

You might also like