Effects of Globalization

Effects of Globalization

1. Positive

   • Decreases the cost of manufacturing
     • Companies can offer goods at a lower price to consumers
   • Access to New Markets
     • New customers and diverse revenue streams
   • Incurring Tariffs and Export Fees

2. Negative

   • Job Insecurity:
     • Employers take advantage of cheap labor.
   • Terrorism:
     • Expansion and growth of malicious organizations
   • Unemployment
     • Lack of new job openings due to technology