GLOBALIZATION

GLOBALIZATION

1. Latin America

   • Disadvantages
     • Is difficult to reach better incomes for inhabitants that the ones before de economic crisis
     • Unprotected workers
     • Environmental Impact
     • Unequal market because of the need of importing leading technologies
     • Not enough importance given to the most needed sectors of population
   • Advantages
     • Creates open economies
     • Technological advances altogether
     • Inserts countries and continents to the world
     • International markets> exportation with non qualified hand labor > workers better life conditions
     • Competition with foreign companies
     • Use of tools that provide knowledge and information (such as internet)

2. Colombia

   • Advantages
     • Opening economy (increasing GDP with both importations and exportations)
     • Administrative decentralization > each region with autonomy
     • Changes in urban morphology with new economic activities
   • Disadvantages
     • Extremely free and open markets with not enough regulations
     • Changes in the use of soils (relation urban and rural)
     • Foreign direct investment (privatization of services)
     • Reduction of employment offer

3. Features

   • Free access to the markets in the world without any restriction
   • Globally standardized products
   • Economical, financial and communications integration
   • Opening of local and nationalistic perspectives
   • International free transfer of capital, goods and services