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Globalization in long term will cause more harm than good in view of job losses?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
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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
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 :)
What is primary appraisal?
Motivtional Relevance Harm, threat, and challange
What is the significance of globalization?
"Global sourcing is designed to reduce costs and increase efficiency by buying products and services all over the world. Sometimes it can save money, other times it reduces service quality and increases transportation costs so the saving are not significant."
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to do good for the person and to not cause harm
What does beneficence and nonmaleficence mean?
Beneficence refers to the obligation to do good and promote the well-being of individuals. Nonmaleficence means to do no harm and not cause injury or suffering to others. Both principles are key aspects of medical ethics and guide healthcare professionals in providing care to patients.
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bob
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