What are the cons about globalization?
The Cons of Globalization The oppression of weaker and poorer economies by those that are more robust; ‘the rich get richer, the poor get poorer’ The danger of job loss, with certain industries and sectors sending jobs to countries where workers are willing to do the same amount of work or more for smaller wages….
The Cons of Globalization The oppression of weaker and poorer economies by those that are more robust; ‘the rich get richer, the poor get poorer’ The danger of job loss, with certain industries and sectors sending jobs to countries where workers are willing to do the same amount of work or more for smaller wages. Click to see full answer. Simply so, what are the pros and cons for globalization? The Pros and Cons of Globalization Pro 1: Globalization broadens access to goods and services. Pro 2: Globalization can lift people out of poverty. Pro 3: Globalization increases cultural awareness. Pro 4: Information and technology spread more easily with globalization. Additionally, how is globalization good and bad for you? The household income gains an increase through globalization. It reduces inflation rates and increases the take home pay of workers because the cost of consumption is lower. Globalization allows many goods to be more affordable and available to more parts of the world. Considering this, why is globalization not good? The bad side of globalization is all about the new risks and uncertainties brought about by the high degree of integration of domestic and local markets, intensification of competition, high degree of imitation, price and profit swings, and business and product destruction.Is globalization positive or negative?Some argue that globalization is a positive development as it will give rise to new industries and more jobs in developing countries. Others say globalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do.
