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Advantages and Disadvantages of Globalization

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Published on 2022-03-23
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This diagram shows the Advantages and Disadvantages of globalization. Globalization helps pool all the resources together and the development of underdeveloped countries. However, It may lead to outsourcing jobs from a native country due to cheap labor in another country. It can increase the emission of greenhouse gases that will directly impact the environment. Globalization is an international situation that has arisen in the late twentieth century. The world's investment, employment, production, and marketing systems have spread beyond the territorial boundaries to the international arena. This diagram of the Advantages and Disadvantages of globalization also focuses on the Disadvantages of globalization, including exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment.
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Advantages and Disadvantages of Globalization
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