GLOBALIZATION: which are the positive and the negative aspects?

Question

GLOBALIZATION: which are the positive and the negative aspects?

Answer 1

There are no positive aspects, just another layer of government.

Answer 2

Globalization helps corporations take advantage of cheap labor. Drawback is they are bad for humans because the corporations only stay until they find a cheaper source of labor

Answer 3

Lol, I did this abut a month ago

POSITIVE

-Productivity grows more quickly when countries produce goods and services in which they have a comparative advantage. Living standards can go up faster.

-Global competition and cheap imports keep a lid on prices, so inflation is less likely to derail economic growth.

-An open economy spurs innovation with fresh ideas from abroad.

-Export jobs often pay more than other jobs.

-Consumers can buy cheaper products.

NEGATIVE

-Millions of people have lost jobs due to imports or production shifts abroad. Most find new jobs, that pay less.

-Millions of others fear losing their jobs, especially at those companies operating under competitive pressure.

-Workers face pay-cut demands from employers, which often threaten to export jobs.

-Service and white-collar jobs are increasingly vulnerable to operations moving offshore.

- Employees can lose their comparative advantage when companies build advanced factories in low-wage countries, making them as productive as those at home

Answer 4

well positive is the fact that someone in nigeria could answer this question

Answer 5

Positives all for the wealthy

Negatives all for the poor

Answer 6

ho ho!! are u studying sociology? I did and I had to answer similar Qs a few yrs ago at uni! Good=more products

BAD=slave/child labour/erosion of culture.....

Two of the most emotive aspects of globalization!

Answer 7

A couple of comments:

Positive:  Opportunity for poorer countries to have access to a foreign monetary source which would not be available without globalization initiatives.

Negative:  Reduced quality control resulting from differences in quantification of quality tenets between the countries which are exchanging resources.