Question

what are the advantages and disadvantages of Globalization?

Answer 1

ANSWER:

Advantages of globalization:

1. Cultural barrier gets broken easily

2. There is quality in goods and services provided.

3. Free trade increases

4. Information gets transpired easily

5. Increase in employment opportunities

6. International education is easily available

Disadvantages of globalization:

1. Decline in traditional employment opportunities

2. Wealth disparity between rich and poor

3. Small industries are at a risk of extinction

4. Diseases gets transpired from one part of the world to other very easily.

5. Environment gets affected rapidly.