Impacts of GLOBALISATION

1. Social

1.1. Positive

1.2. Negative

2. Economic

2.1. Positive

2.1.1. 1. Open up communications lines which allow more business to take place

2.1.1.1. this will create more jobs opportunities , higher pay even for women

2.1.2. 2. Trade in goods and services

2.1.2.1. Economic of scale: Emerging economies can reap the benefits of international trade if only all the resources are utilized in full potential

2.1.3. exchange of ideas and technology

2.2. Negative

2.2.1. 1. Widening income gap btwn DC and LDC; rich and poor within a country

2.2.2. 2. Brain drain

2.2.3. 3. Exploitation of labour. e.g sweatshops

3. Environmental

3.1. Positive

3.1.1. Development

3.2. Negative

3.2.1. Deforestation

3.2.2. Pollution

3.2.3. Depletion of Natural Resources