globalization

globalization

1. pros

   • social
     • encouraging increased organization
     • genuine movements to preserve ethnic identity
     • increased cultural exposure
     • instant access to information
   • economic
     • improved economics growth
     • requires more employment
     • increasing standard of living
     • cheaper prices for products & services
   • political
     • access to international aid & financial support
     • smalller countries can work together
     • government can learn from each other

2. cons

   • political
     • Sometimes countries can veto decisions and slow down decision making processes
     • Coordination is difficult and expensive
     • Big countries can shape decisions in organizations
   • social
     • more movements and descriptions of rural life far from the traditional safety nets
     • disintegration of some local communities
     • some small countries may lose their distinct features
   • economic
     • some countries struggle to compete
     • causes financial crisis & poverty
     • causes surplus & scarcity

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