Pros and Cons of Globalization

Pros:

• Productivity grows more quickly when countries produce goods and services. This makes living standards can go up faster.
• The global economy can grow because of the sharing of ideas between countries.
• People can learn other countries' cultures and are able to spread their own cultures and traditions.
• There are more different types of jobs abroad. People from poor countries especially can earn their money and send to their own country.
• Better relationship between countries can be established. This makes better understanding between nations and keep them friendly.

Cons:

• People can lose jobs due to imports or production shifts abroad. Most find new jobs that pay less.
• It makes rich richer and poor poorer. It is good for managers and investors but is not for workers.
• Causes communicable diseases such as HIV and AIDS
• People working abroad are sometimes not provided with good working conditions at minimum wages.
• Dominant countries can overwhelm other countries' power or will. They can also have impact on other countries cultures.