OccupyTheory on 10 April, at Countries joining together economically view their own selves not just through their national identities, but as part of the world as a whole. Globalization has many benefits and disadvantages and they are here to stay. Basically, the First World or Global North countries are those that will benefit from globalization.
Student Answers avasbruce Student There are benefits and disadvantages to globalization. Firstly, globalization is good for certain countries more, such as those in the First World or Global North. Local cultures and traditions change. People no longer wear national costumes because they all want to look like Hollywood stars and Globalization adventages and disadventages jeans, for example.
People want to become "American" and consume everything American. Also because of globalization, more and more people are learning and speaking English to the detriment of local languages.
There are more international schools and the focus now is on the acquisition of this global language rather than their own L1 or mother tongue. Resources of different countries are used for producing goods and services they are able to do most efficiently. Consumers to get much wider variety of products to choose from.
Consumers get the product they want at more competitive prices. Companies are able to procure input goods and services required at most competitive prices. Companies get get access to much wider markets It promotes understanding and goodwill among different countries.
Businesses and investors get much wider opportunities for investment. Adverse impact of fluctuations in agricultural productions in one area can be reduced by pooling of production of different areas.
Developed countries can stifle development of undeveloped and under-developed countries.
Economic depression in one country can trigger adverse reaction across the globe. It can increase spread of communicable diseases. Companies face much greater competition. This can put smaller companies, at a disadvantage as they do not have resources to compete at global scale.
For more info about the pros and cons of globalization, check out this video: Increases the gap between the poor and rich — income inequality.
Cultural convergence — more people are moving toward western fashion 3. Demand more of skilled workers and causing redundancy of skilled workers rksudhir Student Advantages of Globalisation Globalisation helps in bring the whole world together as one village.
Every consumer has more access to the products of foreign countries. Efficient use of natural resources.
Employment generation and income generation Disadvantages Globalisation can have negative effects on local industry. Globalisation expands monopolies by countries equipped with know-how and power. I have benefited a lot from your views. If you are to consider the lump-some cost, then, yes, it is high, but the same cost goes even higher if the company has to market a product differently in every country that it is selling.
Scope of this kind of marketing is so large that it becomes a unique experience. Global marketing allows you to have a consistent image in every region that you choose to market.
Quick and Efficient Use of Ideas: A global entity is able to use a marketing idea and mold it into a strategy to implement on a global scale. Uniformity in Marketing Practices: A global entity can keep some degree of uniformity in marketing throughout the world.
American consumer will be different from the South African. Global marketing should be able to address that. Consumer in one country may react differently than a consumer in another country. Country Specific Brand and Product: A Japanese might like a product to have a traditional touch, whereas an American might like to add a retro modern look to it.
In this case, a global strategy is difficult to devise. The Laws of the Land Have to be Considered:Globalization has several advantages on the economic, cultural, technological, social and some other fronts.
Any myths, existing in the mind, regarding these must be dispelled. Globalization is the system of international integration that often arises from the interchange of world products, views, ideas, and some aspects of culture.
Well advanced telecommunications and transportation infrastructure as well as the risen of telegraph and internet are some of the main factors of globalization. In the following write-up, we will evaluate various disadvantages of globalization in a bid to figure out whether the concept is really beneficial for the .
Globalization has an impact that is widely spread and perceived in a variety of different ways – Globalization Advantages and Disadvantages Specifically, its long-term positive effects and the portion that contains negative influences. Neutrally Weighing the Advantages and Disadvantages of Globalization The world has become smaller and closer, all thanks to globalization. The modern blazing word, globalization is the amalgamation of the home country with the world economy. The advantages and disadvantages of globalization above will surely give you lots of great learning. With the disadvantages of it, many people today are not happy primarily on the health issues and other negative things that affects in their everyday living.
The Benefits and Disadvantages of Globalization Globalization has an impact that is widely spread and perceived in a variety of different ways. Specifically, its long-term positive effects and the portion that contains negative influences. Let us make in-depth study of the meaning, advantages and disadvantages of globalisation.
Meaning: By the term globalisation we mean opening up of the economy for world market by . the advantages and disadvantages of globalization Uploaded by azwar_kamaruzaman94 this assignment had been done by a group of law /5(13).