What are the advantages of globalization for developed countries?
Fall in the cost of products, increased choices of goods and availabilty of goods.
How do the economic effects of globalization on developing countries compare to those of developed countries?
Generally globalization would not help farmers in lesser developed regions as with globalization bigger corporations will have access to sell their products in those lesser developed regions. But farmers can also use globalization to their benefit by selling their goods and expanding their markets elsewhere through the means of globalization and industrialization.
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…
Developed countries are unable to take advantage of globalisation and the standard of living are dropping further behind the richest countries .Furthermore the undeveloped countries are now upgrading their economy hence fighting to become the most superior .Globalisation now has become a wound to the superpower countries. IT LEADS TO JOB LOSS AND WAGE DECREASES ;)