Quick Answer: What Are Pros And Cons Of Globalization?

What are cons of globalization?

The Cons of GlobalizationThe 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.More items….

What are the pros of globalization?

What Are the Benefits of Globalization?Access to New Cultures. Globalization makes it easier than ever to access foreign culture, including food, movies, music, and art. … The Spread of Technology and Innovation. … Lower Costs for Products. … Higher Standards of Living Across the Globe. … Access to New Markets. … Access to New Talent.

Is globalization good or bad?

Globalization allows many goods to be more affordable and available to more parts of the world. It helps improve productivity, cut back gender wage discrimination, give more opportunities to women and improve working conditions and quality of management, especially in developing countries.

How does globalization affect us?

Also, globalisation has increased international migration which has resulted in multicultural societies. However, globalisation is also affecting us in a negative way. Increased transportation and the global shift of polluting manufacturing industries has resulted in environmental degradation.