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What are the effects of globalization?

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What are the effects of globalization?

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  1. Greater competition

    Sustained immigration

    Increased interchange of cultures & ideas

    Outsourcing

    Lots of pluses and minuses to the whole global thing that are difficult to list here.


  2. It will bring down the middle class in rich countries and make the rich richer.

  3. UPSIDE

    more efficiency

    lower prices (relative to isolation)

    more choices

    likely more peaceful relations

    Downside

    lower wages

    less certainty in jobs

    more competition in workforce
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