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advantages:
Discuss the advantages and disadvantages of globalization to small scale industries in India.
Increased free trade between nations
Increased liquidity of capital allowing investors in developed nations to invest in developing nations
Corporations have greater flexibility to operate across borders
Global mass media ties the world together
Increased flow of communications allows vital information to be shared between individuals and corporations around the world
Greater ease and speed of transportation for goods and people
Reduction of cultural barriers increases the global village effect
Spread of democratic ideals to developed nations
Greater interdependence of nation-states
Reduction of likelihood of war between developed nations
Increases in environmental protection in developed nations
disadvantages：
Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
- Increased likelihood of economic disruptions in one nation effecting all nations
- Corporate influence of nation-states far exceeds that of civil society organizations and average individuals
- Threat that control of world media by a handful of corporations will limit cultural expression
- Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage
- Greater risk of diseases being transported unintentionally between nations
- Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity
- International bodies like the World Trade Organization infringe on national and individual sovereignty
- Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources
- Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoGlobal village is often a term that describes telecommunications and/or the World Wide Web.
Advantages are:
1. better communications throughout the world.
2. a wider source of information in addition to mainline media
3. ease at which information can be accessed
Disadvantages are:
1. abuse in the form of posting unreliable or untrue information
2. people accepting what they read without digging for the truth or questioning sources
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