ADVANTAGES OF GLOBALIZATION

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. FREE FLOW OF CAPITAL AND INCREASE IN THE TOTAL CAPITAL EMPLOYED FREE FLOW OF TECHNOLOGY INCREASE IN INDUSTRIALIZATION SPREAD OF PRODUCTION FACILITIES THROUGHOUT THE GLOVE BALANCED DEVELOPMENT OF WORLD ECONOMIES INCREASE IN PRODUCTION AND CONSUMPTION COMMODITIES AT LOWER PRICES WITH HIGH QUALITY CULTURAL EXCHANGE ND DEMAND FOR A VARIETY OF PRODUCTS INCREASE IN JOBS AND INCOME HIGHER STANDARD OF LIVING BALANCED HUMAN DEVELOPMENT INCREASE IN WELFARE AND PROSPERITY
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DISADVANTAGES 1. KILLS DOMESTIC INDUSTRIES 2. EXPLOITS HUMAN RESOURCE 3. LEADS TO UNEMPLOYMENT 4. DECLINE IN DEMAND OF DOMESTIC PRODUCTS 5. DECLINE IN INCOME 6. WIDENING GAP BETWEEN RICH AND POOR 7. TRANSFER OF NATURAL RESOURCES 8. NATIONAL SOVEREIGNTY AT STAKE 9. LEADS TO COMMERCIAL AND POLITICAL COLONALISM