Topic > Positive and negative outcomes of globalization

The shortage of energy and infrastructure has led to the degradation of the economy to the point of industrial expansion. The farmer has exposure to global linkages of markets, technology and investments, which is beneficial in terms of engaging returns, getting better prices and securing offtake. This has led to great dissatisfaction among underdeveloped or developing countries that differentiates them from the rest of the world. This has increased the chances of inferiority complex among other nations. Globalization has led to a fundamental problem that has caused international tensions and trade disputes. Indian talent is attracted to global culture and fashion due to higher salaries and emoluments. Due to heavy taxation and levies in India, the final products are sold at high prices compared to imported brands. All multinationals such as Pepsi, Coca-Cola, IBM, General Electric, Vodafone, Volkswagen etc. they have their operations all over the world making local companies suffer. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay There is no doubt that globalization has been a good thing for many developing countries who now have access to markets around the world and can export goods at cheaper rates. Globalization has also been good for multinationals. But globalization has not been good for workers. It's a complicated issue. You need to consider the pros and cons before drawing any conclusions. Supporters of globalization argue that it has the potential to make this world a better place to live and solve some of the crucial problems such as unemployment and poverty. Free trade is supposed to reduce barriers such as tariffs, VAT, subsidies and other barriers between nations. There are still numerous obstacles to free trade. Defenders say globalization represents free trade that promotes global economic and socioeconomic growth, provides opportunities, makes work more competitive, and lowers prices for consumers. But that's not always true. Competition between countries is supposed to drive down prices. But this is not because countries manipulate their currency to gain a price advantage. It also provides poor countries with foreign capital and technology the ability to develop economically and spread prosperity. Globalization creates the conditions in which democracy and respect for human rights flourish. This is an empyrean goal that has not yet been achieved in most countries. According to patrons, globalization and democracy go hand in hand. There is now a global market for businesses and consumers who can have access to products from different countries. There is cultural mixing within countries which leads to ever-increasing cultural knowledge and understanding. Because companies share financial interests, companies and governments seek to solve ecological problems in mutual interest. Socially, countries become more open and tolerant towards each other, and people living on the other side of the world are not considered foreign or alien. Mass communications and rapid announcement of information through the Internet benefit globalization. Workers can travel from country to country to showcase their skills. But this causes problems with the existing workforce and a reduction in their wages. Sharing technology with developing countries helps them progress. Globalization has given countries the ability to agree on free trade agreements without any barriers. The general complaint against the.