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advantage
It promotes efficiency, it can be explained by comparitive advantage. It enhanves competitiveness and means things resources are going to be allocated to where they are most efficient.
disadvantage
may lead to inferior quality products as a result of price competitveness, smaller economies may have a tought time finding a comparitve advantage, some sectors in certain countries will become obsolete and people will be out of work many of these people do not posses the skills to work in other industries. If countries put all their eggs in one basket they are relying on other countries, if these other countries run into supply problems or trade conditions deteriorate then this can also present problems
What else can I help you with?
What are some globalization questions?
what is globalization? what are advantages and disadvantages of globalization? what is free trade
On globalization and its effects in the held of law enforcement in the Philippines what are its advantages?
effect of globalization in law enforcement?
What are the advantages of using computer system for working?
globalization,education and job creation
What are the 2 of the best advantages of globalization for the pacific rim counties?
The spread of globalization combines dozens of almost sub-process like advantages under one name (financial, communal, technical, educational, political, environmental, greater cultural influence). An advantages of globalization include the spread of democracy, more ways of money flow (especially in the poorest countries), new markets in developing nations, improved quality of products, and integrated media. Globalization is so complicated a thing, so multi-faceted, that it is quite debatable what branches of it are advantages, and what can be classified as cultural assimilation.
What are advantages of globalization?
One of the benefits of the international trade is that different economies are able to obtain a variety of goods through specialization. The other benefit of specialization is that it improves relationships between countries.
Advantages of science and technology in your society?
Very broad question, but among the biggest advantages of technology is the globalization of information and communication. Now we can communicate with the world instantly.
What are the advantages of globalization for developed countries?
Fall in the cost of products, increased choices of goods and availabilty of goods.
Advantages and disadvantages of globalization on health care?
adavantages of globilization is that medicicnes all over the world spread
What primary advantages does globalization offer the people of developing countries?
It can raise the standard of living by bringing in capital and increasing employment.
What primary advantages does globalization offer the people of developed nations?
Access to new markets and inexpensive labor. <----- correct novanet answer.
What primary advantages of globalization offer the people of developing countries?
It can raise the standard of living by bringing in capital and increasing employment.
What are some traditional trade theories of globalization?
mercantilism, absolute advantages principle, comporative advantages principle, factor proportions theory, international product life cycle, dependency theory.
