answersLogoWhite

0


Best Answer

The benefits of globalization is that it provides a better place to live in and solve unemployment and poverty. The drawbacks of globalization is that it is good for the high class people and bad for the poor people.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

14y ago

It allows us to communicate faster via email phones etc and we r all globally connected thru the flow of goods and products, money,infomation and services but the negative side is that it changes the native traditions of countries

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the benefits and consequences of globalization?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the globalization of market?

The benefits derived while doing trade worldwidely.


What points can be use in gobalization debate?

The conflicts and the benefits covering globalization are some of the points that can be used in the globalization debate.


What is Globalization of markets?

The benefits derived while doing trade worldwidely.


What is the consequences of globalisation on Nigerian economy?

Globalization has made it possible for Nigerian businesses to find markets abroad. Globalization has also ensured that Nigerians get products and services that are not available locally.


What are the benefits of capitalist in third world countries?

Globalization- which is a mixture of market and culture.


Positives of financial globalization?

Reaping the Benefits of Financial Globalization. Last Updated: August 05, 2013. Prepared by the Research Department* Approved by Simon Johnson.


There are always to drug use A limits B consequences C benefits D prices?

consequences


What has been the main benefits of globalization for the United states?

While globalization has contributed to the reduction of overhead expenses for businesses, slightly improving growth, the drawback is that it causes increased unemployment in the US.


What are three positive impacts of globalization on business?

Three positive impacts resulting from globalization is more jobs, innovation and the company will strengthen the local economy. The host country and the home country of the organization benefits.


What should the Philippines do in order to become globally competitive and enjoy the benefits of globalization?

Ensure that their government and public officials are not corrupt.


Do the benefits of the computer outweigh the consequences?

Yes, mainly in the area of emission and economy.


What is Sociological globalization?

Global sociology is the study of the social life, change, and causes in the world. As well as the ultimate consequences of human behavior.