Globalization

Wednesday, February 10, 2010

- Globalization is usually defined as an improvement in technology and in industry. When the world is seen in its best shape, and when big improvements are made on it, that may change people's lifestyle; daily life. Also it changes the economy of the countries. (Make it better, however in some occasions there may be some improvements that would may cause you problems.)Below I am going to list some Pro's and Con's of Globalization:

PRO's:
- More access to the products of other countries.
- There is a steady rate of cash income for developing countries.
- Lots of products are being made, so there are a lot of choices for companies.
- Socially we have become more open and tolerant. We start to have the same celebrations as other countries, such as Halloween.
- Since the countries share financial interests, governments are trying to sort out ecological problems for each other.
- There is alot of technological improvement.

CON's:
- Europeans are losing their jobs because the companies are outsourcing work to the Asian countries. This is because the cost of labor is lower and it profits the company alot.
- There is pressure on european workers, because they are under the threat that they may lose their job.
- People are changing their beliefs (religions).
- Diseases are propaged more easily now that the countries mingle together.
- There is a threat that corporates may rule over the world since they have alot of power. They have that power due to globalization.

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