Advantage and Disadvantage Globalization

With globalization, the world seemed to exist in our grasp. World becomes narrower and closer to us. Globalization makes states compete, because integrating globalization of trade, technology, investment, and production factors such as labor and capital. Globalization become frequent in talking, a lot of people who argue that globalization has a negative impact on society (like the example in the previous article about the cultural shift), but there is also an opinion otherwise. To be clear, this article contains about the advantages and disadvantages of globalization for the world.

ADVANTAGE

a) Education
In terms of education, globalization helped in the spread of education. With a variety of educational institutions around the world, a person can get out of the country of origin to get a better learning opportunities elsewhere. Developing countries are the most in the country profitable.

b) Field Work
Globalization is considered as one of the advantages that should lead to the expansion of employment opportunities. Foreign companies are moving towards developing countries can obtain employment. It is clearly open employment and income for the people in the host country.

c) Quality of Products
The occurrence of international trade has led to intense competition in the market. Quality products be improved so as to maintain the sales of goods. Low quality can affect customer satisfaction.

d) Cheap Price
Globalization has brought a very severe competition. The many varied products, manufacturers maintain sales at a price competitive products. It is possible that every customer can switch to other manufacturers if the price is expensive. Therefore, at an affordable price has benefits for consumers.

e) Capital
Capital is the backbone of the economy that is essential for the proper functioning of the economy. Many large foreign companies that invest in developing countries by setting up industrial units outside their country of origin. This is the mean by which foreign investment helps in improving economic growth in host countries.

f) Communication
Communication technology plays an important role in making the country closer to each other in terms of communication. Any information can be easily accessed from almost every corner of the world. Circulation of information can occur in a matter of seconds. Internet has affected the global economy, thus providing direct access to information and production.

g) Transportation 
Transport is the wheel of any business organization, connectivity to various parts of the world is a serious problem. With various types of transport available, it can easily deliver the products to customers located in every part of the world with efficient and fast.

h) International trade
Purchase and sale of a commodity rather than just two transactions involved in international trade. International trade has expanded its horizons with the help process of business outsourcing


DISADVANTAGE

a) Health Problems 

Globalization has given rise to health risks and provide new threats and challenges to the epidemic. A very familiar example is HIV and AIDS. This virus has spread like wildfire to countries in the world in a short time. The food is transported to the State, it is a matter of concern. Different food standard regulations of each country may pose a hazard to health. A case in point is when Indomie banned from Taiwan, Hong Kong and America. 

b) Culture 

Conventionally, the people of a particular country still follow the culture and traditions of a bygone era. With the number of people moving in and out of a country, the culture will follow. People may adapt to other cultures and tend to forget their own culture. This can lead to cultural conflict.

c) Uneven Distribution

It can be said the rich get richer and the poor poorer . In a real sense , globalization has not been able to reduce poverty . Therefore, the social gap between the rich and poor .

d) Environmental Damage

Industrial revolution has changed the economic outlook . Industries that use natural resources burden on the environment . Dwindling natural resources and on the verge of extinction . This has led to an imbalance in the environment that have an impact on the climate in which natural disasters .

e) Disparity

Although globalization has opened wider market economy and jobs , there are still differences in economic development . Foreign companies are moving to developing countries get cheap labor while the host country produces less revenue , and most of the profits into the hands of foreign companies to make huge income gap between developed and developing countries .

Globalization has its advantages and disadvantages as a coin has two sides .