Globalization

Positives of globalisation:

  • Business is becoming increasingly international.
  • A global economy means free trade between countries.
  • This can strengthen political relationships.
  • Globalisation can also create opportunities for employment.
  • It encourages investment in less developed countries.
  • It could reduce poverty in the developing world.

Negatives of globalisation:

  • Globalisation can also lead to unemployment and exploitation.
  • Companies move to countries where labour is cheap.
  • This creates redundancies, or job losses.
  • Some companies exploit their employees in developing countries.
  • Salaries are low and working conditions are often poor.
  • Global trade also creates excessive waste and pollution.

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