JOBS-SERVICES

JOBS-SERVICES

1. DISADVANTAGES

   • Increased economic inequality between developed and underdeveloped countries due to capital concentration in developed countries (external accumulation of capital).
     • Economic inequality within each nation as globalization benefits large and powerful enterprises.
       • In developed countries, unemployment and poverty will increase because large enterprises migrate to other places in search of labour and cheap raw material.
         • Increased economic interference on the part of developed countries towards underdeveloped or developing countries.
           • Environmental degradation by the exploitation of resources.
             • Less opportunity to compete with large multinational companies.
               • Greater capital flight because when multinational companies decide, they move to other countries that offer them better advantages in their production.

2. ADVANTAGES

   • Production cost are reduced and products at lower prices are offered.
     • Increases jobs in places where multinationals arrive, especially in underdeve loped contries.
       • Increases competitiveness among entrepreneurs and raises the quality of products.
         • Technological improvements are discovered and implemented that help the production and rapidity of economic transactions.
           • Greater accessibility to goods that previously could not be obtained in the underde veloped countries.