Disadvantages of globalization include death of small and medium businesses, loss of cultural identity and the effect of foreign policies on domestic economic development Socially we have become more open and tolerant towards each other and people who live in the other part of the world are not considered aliens.
Humanity has become more tolerant, so there are no prerequisites for wars and conflicts, racism and wars for natural resources. Globalization implies the integration of the economic, cultural, political and religious spheres, however, the most sensational is globalization of the economy.
While your paper will focus on both the pro and con sides of the globalization debate, just make sure you avoid the pitfalls of being too simplistic or vague.
Some useful information you can find here. It contributed to the advancement in technology, which led to rapid sea, rail and air transport, as well as access to international telephone services.
Lower wages for workers and lower tax rates are only two of the interesting characteristics of developing countries business environment for foreign investors. If you need some extra help, try applying the CRAAP test to each of your sources before you decide to use them.
Generally, all this facts harm humanity and planet Conclusion To sum up, globalization is main topic for humanity. But at the same time it is also a good incentive for people to train, develop and acquire a qualification.
The transition to a market relations, which is more or less occurred in Europe and the former Soviet Union, and thus supported the economic views of the United States.