GLOBALIZATION

GLOBALIZATION

1. It is the process by which the world is becoming increasingly interconnected due to massively increased trade and cultural exchange.

   • ADVANTAGES IN LATIN AMERICA AND COLOMBIA
     • Creates open economies among coununtries of the region and the rest of the world
     • It allows a more efficient technology transfer and investment financing
     • It generates employment
     • It encourages competition among companies allowing them to grow
   • DISADVANTAGES IN LATIN AMERICA AND COLOMBIA
     • Since companies grow progressively, they create a greater environmental impact
     • Wealthyness is distributed unevenly
     • With people moving in and out of countries there could be a loss of cultural identity

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