What is globalization?

Globalization means worldwide integration between countries, economies, societies, capital, goods, services ideas to share all over the world , in terms of business, globalization means integration of various economies worldwide moving investment from a domestic environment to an international environment.

Advantages of globalization

Globalization has lot of advantages opening up windows of opportunity and economic affluence to the developing world. Let us see the advantages one by one.

• Globalization help the developing nations by making trade more easier than before
• One more advantage of globalization is sharing information and ideas.
• As the liquidity level increases on globalization there is a higher chance of developed countries invest on developing countries which can bring a dynamic change for developing countries economy.
• Globalize media help in a great way of getting information faster than before.
• Great advantage to business people of developed countries by getting cheap labour for their work
• There is no barrier for communication to travel it helps individually and also for the corporations around the world.
• Possible clash between developed countries decreases as they concentrate more on investing in developing countries to gain more profits which in turn gives more strength to developing countries.

Disadvantages of globalization

• Higher chance of risk in importing diseases as people travel around the world more frequently after globalization for example : Swine Flu, Bird Flu
• More and more corporations invest on developing countries polluting the environment more and escaping easily from weak developing countries regulatory rules.
• Greater risk of spoiling the cultural values of a developing country as more and more foreign investments ,foreign people started working from developing countries, changes in the attitude, lifestyle of the existing developing countries due to foreigners.
• Greater risk for developing countries workers in foreign companies can be misused, exploited by making them work more hours, making them work at night shifts.
• These are the some of the advantages and disadvantages of globalization overall globalization is very essential and it has more benefits than hazards and it is good for the whole world.

Globalization has got advantages and disadvantages, we need to look at globalization in a positive way, hope this article gives you information about the advantages and disadvantages of globalization.