GLOBALIZATION

GLOBALIZATION

1. Worldwide integration and development.

   • Competition in the global market
   • Change in Urban structure
   • Required education and technology

2. LATIN AMERICA

   • ADVANTAGES
     • Open economies among countries
     • Workers can access to better life conditions
     • Improved sells
     • Increase communications
     • Increases product quality and low prices
     • Free movement of capital
   • DISADVANTAGES
     • Health issues
     • Import technology at high costs
     • Generate greater environmental impact
     • Loss of culture
     • Countries start depending from one another

3. COLOMBIA

   • ADVANTAGES
     • It connects regions and countries
     • Productive relation between the urban and rural sector
     • Foreign investment
     • Autonomy of municipalities
     • Incremented the GPD
     • Tourism
   • DISADVANTAGES
     • Less employment
     • Less income for some sectors
     • Colombia is not that developed enough to compete with other countries and this can affect economy
     • Some buisnesses cannot compete with international companies

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