The Advantages and Disadvantages of Globalization

Globalization is such a commonly used term in the twentiethcentury. It simply means that the valet has become integrated economically, socially, politically and culturally through the advances of technology, transportation and communication. It is required to say that globalization has resulted in both positive and negative cause which must be addressed accordingly. To begin with, globalization has contributed to the worlds economies in many an(prenominal) beneficial ways. The advances in science and technology have allowed businesses to easily tail everywhere territorial boundary lines.Consequently, companies tend to become more(prenominal) productive, competitory thereby raising quality of goods, services and the worlds living standard. Secondly, several companies from the more real countries have already ventured to establish foreign operations or branches to take advantage of the low cost of labor in the poorer countries. This mixed bag of business activity will provide more influx of cash in or investment funds into the less developed countries. However, one cannot reject the negative effects which havederived from globalization.One crucial social aspect is the risk of infection and danger of epidemic diseases which can easily be spread as the mode transportation is easier and faster in todays advance society. This is evidenced in the recent birds flu disease which has infected most Asian countries over a short time frame. As large corporations invest or take over many off shore businesses, a redbrick form of colonization will also evolve which may pound certain power pressure on the local governments of the less developed countries.Unemployment rates in the more developed regions like Europe may also escalate as corporations choose to outsource cheaper work squash from Asian countries. In conclusion. I like to reiterate that globalization is essential and we must urge individuals, companies and governments to use a more balanced snuggle by taking appropriate steps to deal with matters relating to the financial or economical gains verses the social, political or ecological concerns of the world.