Globalization:
A kind of connectivity between the world in the markets and businesses.
As technology advances it made life easy for people to travel, communication, and international business.
Some of the negative effects having to do with globalization is the decrease of economy in industry and agriculture.
Globalization has spread diseases that killed many people. (ex. in the 14th century the Black Death killed at least one third of Europe's population) By transportation people were able to travel at a faster rate and this increased the people infected by varieties of diseases.
Globalization caused people with talent and education to go in search of opportunities in richer countries.
Now that i have spoken about the negative effects of globalization, let's take a look at the positive effects.
Globalization increases oppotunity. There is a increase in economic prosperity (economic wealth). There is a more efficienty between/with countries which are benefiting from trade.
Globalization leads to a lower price and more employers. Unfortunately, this may cause people to create labor unions. If those labor unions are too powerful then they can cause damage.
The first phase of globalization is market-oriented. Then the next phase should be building global political institutions who would be representing the world citizens.
Information source:
Image source:
No comments:
Post a Comment