answersLogoWhite

0

Globalization brings the world closer in terms of culture and economy. In recent days we have witnessed both the pros and cons of globalization. It had brought opportunities in terms of better income and employment in sectors like Information Technology to countries like India, China etc, at the same time outsourcing is seen as a cause of job loss in US. Just few years back the global economic meltdown had caused recession in economic activities across the world which has been closely knitted by globalization.

Despite all these I feel globalization in long term will be beneficial to the world because though it might create job loss in some particular sector in some countries, overall it brings better business opportunities, smoother international economic activities and bigger unexplored global market thereby creating more jobs than before across the world benefiting all the countries.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

How does globalization hurt the United States economy?

It is foretold in the Bible that it will happen, and it will harm the world. Everyone will be under one leader,which will be very antiChrist, and have to answer to him. So for all the individualists that discount Jesus as Savior because you want to be an individual, you will certainly not be when globalization is in effect.in other words it'll harm us


What is globalization lead to increasing environmental damage?

Globalization has led to increased environmental damage primarily through heightened industrialization and expanded transportation networks, which amplify carbon emissions and resource depletion. The demand for cheaper goods drives companies to exploit natural resources unsustainably, often in developing countries with lax environmental regulations. Additionally, the global supply chain fosters practices like deforestation and pollution as businesses prioritize profit over ecological health. This interconnectedness often results in environmental harm that transcends borders, affecting ecosystems worldwide.


Does open economy do more harm than good?

It does more good because consumers are able to purchase more goods and services outside the production possibility boundary and producers can sell goods and services to other economies.


Tourists use of natural resources?

May cause littering and pollution :)


How does predatory pricing affect markets?

Predatory pricing occurs when a company sets prices extremely low with the intent to eliminate competition, often leading to market dominance. This practice can harm smaller competitors who cannot sustain losses and may eventually lead to their exit from the market. Once the competition is reduced, the predatory firm may raise prices to recoup losses, potentially harming consumers in the long run. Overall, predatory pricing undermines fair competition and can lead to monopolistic market structures.

Related Questions

What does beneficence nonmaleficence mean?

to do good for the person and to not cause harm


Do Registry cleaners really work or cause more harm than good?

they do not do any good


Why are so many people opposed to globalization?

Many people oppose globalization due to concerns about economic inequality, as it can exacerbate wealth gaps between developed and developing countries. Additionally, critics argue that globalization can lead to job losses in local industries, cultural homogenization, and the erosion of local traditions and identities. Environmental concerns also play a role, as increased trade and industrial activity can harm ecosystems. Overall, the perceived negative impacts on communities and cultures drive opposition to globalization.


Is having a balloon fetish good?

As long as it does not cause harm, its all fine


Is 'semen' good to swallow?

It is nothing more than protein. It will not cause you harm.


Do fast food restaurants do more harm then good?

my it would seem that fast food does do more harm than good. because it could cause some deises


What is good about viruses?

Nothing. They cause harm to the victim, and people perform illegal actions with them.


Can technology change natural processes cause more harm than good?

bob


Do mobs cause more harm then good?

Mobs are not at all good, as they can go out of hand and it will soon end in a riot.


Can vuze exe cause harm to a computer?

No, vuze exe can not cause harm to a computer.


What harm can drug use cause to a community?

what harm can drug use cause to the community


Is listening to music and reading at the same time not good?

Yes its fine it will cause you know harm whatsoever.