GLOBALISATION is the process by which the world is becoming increasingly interconnected as ...

Advantages and Disadvantages of Globalisation

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GLOBALISATION is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange by Mind Map: GLOBALISATION       is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange

1. ADVANTAGES

2. DISADVANTAGES

3. It is easier for people to travel , communicate and do business all over the world

4. Products produced in one country can be available to anywhere in the world

5. greater standards of living for people around the world

6. free trade between nations

7. free trade between nations

8. reduction of poverty and racial discrimination and better understanding between different cultures

9. social and environmental problems can be solved easier by international co-operation

10. many jobs have been lost to overseas competitors as firms and companies seek for cheaper labor

11. traditional cultures are getting lost and the cultures of the powerful countries which have powerful economy are more influential than other countries

12. The products of the wealthier countries such as clothes , movies , music , books , digital products , etc. affect other countries a lot .

13. Decreasing number of manpower due to the fast pace of technological advances

14. Multinational companies use machines and tools replacing the position of human workers in factories

15. Increased unemployment as many workers find it difficult to compete with “smart technological workers” like machines and equipment