What Are The Advantages And Disadvantage Of Globalisation?

Negative side of Globalisation is that LEDC workers don’t get paid enough and they are abused for not working properly

Positive side of Globalisation is that there are many people from different parts of the world that join 1 football team fro example Manchester united has many players from different parts of the world this means that they are very well globalised

Hope this helpss x

The issue of globalisation has been of prime importance in media circles all over the world for the past decade or so. It has elicited views that are extemely divergent. On the one hand it has been painted as the savior of the common man on the other hand it has been given the spin of a satanic evil that will engulf the poorer nations.

Some of the advantages of globalization are:

Better quality of goods and services because entry barriers in various markets have gone down. High quality companies can enter markets that were closed in the past.

Transfer of jobs from the old economy countries to the new economy. Offshoring is an off-shoot of globalization.

There are negatives of globalization as well. Some of them are enumerated below:

Globalization can lead to regional economic imbalance. All of a sudden, some nation could surge ahead of the others because it is a market for a product or source for a raw material.

Loss of jobs in a particular sector.