Positive and negative impacts of globalization Video
Lesson 3: Positive and Negative Aspects of Globalization positive and negative impacts of globalizationThink Czech College 3. Increase in free trade Globalization has led to an increase in free trade which has opened doors for investors in developed countries to set up their businesses in developing countries. Multinational companies from developed countries have the freedom to operate in developing countries as a form of increasing their employment opportunities and infrastructure. impactw
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The faster flow nrgative information Through globalization, information sharing has been improved and its flow all over the world has been heightened. Crucial information can be transferred from one person to another and between corporations in a matter of seconds. It has influenced the ease of transportation of people, goods, and services all over the world.
Increase in the quality of goods and services As a result of globalization, people have access to the best quality of goods and services throughout the world. Companies have to strive to provide better quality goods and services to the consumer and the consumer has the liberty of choosing whichever product he thinks is best suited for his needs. This allows a person in America to wear clothes made in India and Mexico while watching a football match taking place in England on a TV made in China.
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Most marketable courses in Kenya in 6. Decrease in the prices of goods and services As the competition in the market has increased due to rapid globalization, producers have to price their products competitively in order to remain in the market. This has become a boon positlve the consumer as he can get better quality products at cheaper prices. Reduction in cultural barriers As people move from one country to another, barriers between various cultures tend to decrease. This has resulted in tolerance and openness towards other cultures. This has also facilitated communication between different cultures.
It has also led to a reduction in wars as we are today living in one of the most peaceful periods in the history of mankind. Negative effects of globalization 1.
Negative effects of globalization
Unfair working conditions Many multinationals have been accused of social injustice by exploiting labor in underdeveloped countries in order to cut costs. This has provided unhealthy working conditions leading to health hazards. Many large companies have also been accused of using child labor in their factories in underdeveloped countries.]
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