Globalization gives you a larger market. You can sell more goods and make more money. You can create more jobs.

Consumers also profit from globalization. Products become cheaper and you can get new goods more quickly.

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INCREASED STANDARD OF LIVING

ACCESS TO NEW MARKETS

Stock Markets are now accessible from anywhere in the world!

EXCHANGE OF KNOWLEDGE, INFORMATION AND CULTURE AT INTERNATIONAL LEVEL

CONSUMERS GOT OPPORTUNITIES OF SELECTION AND CHOICE OF GOODS

MUTUAL UNDERSTANDING AMONG THE NATIONS INCREASED AND WORLD BECAME A BETTER MARKET

Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers.

LESS JOB SECURITY

• In the global economy jobs are becoming more temporary and insecure.

• A survey of American workers showed that people now hold 7 to 10 jobs over their working life.

DAMAGE TO THE ENVIRONMENT

• More trade means more transport which uses more fossil fuels and causes pollution.

• Climate change is a serious threat to our future.

BENEFITS OF GLOBALIZATION IS FOR FEW INDUSTRIALISTS, COMMON MAN FACES INFLATION

MULTINATIONAL COMPANIES (MNC’S) ARE USING NATURAL RESOURCES OF POOR NATIONS INDISCRIMINATELY

DUE TO UNCONTROLLED COMPETITION LOCAL SMALL SCALE INDUSTRIES ARE SUFFERING LOSS

HEALTH ISSUES

• GLOBALIZATION HAS GIVEN RISE TO MORE HEALTH RISKS AND PRESENTS NEW THREATS AND CHALLENGES FOR EPIDEMICS.

Analysis Globalization Is Here to Stay!

Globalization does have problems and negative effects, but it is not going to disappear. So…

We need to learn how to reap its benefits, and minimize its costs. To dothat, we must:

• Understand its impacts • Work to remedy the problems • Work to spread the benefits as widely as possible