This image of the Pros and Cons of Globalization depicts the benefits and drawbacks of globalization. Centuries of European colonization and trade ventures fueled the first wave of globalization, driven by various communication routes worldwide, such as railways, waterways, the telegraph, and other inventions that increased economic collaboration among multiple countries. Globalization is frequently regarded as an economic and financial event due to trade advancements and financial negotiations. However, it encompasses a much broader field than simply moving assets, services, or money. These pros and cons of globalization infographic can help students learn more about these benefits and drawbacks.