GLOBALIZATION IS A GOOD THING!

Source:  Pirie M., 2012, Ten very good things, http://www.adamsmith.org/blog/international/ten-very-good-things-9-globalization

WHY IS GLOBALIZATION IMPORTANT?

·         Third world countries get the chance to sell their low cost items to world markets.

·         Brings lower cost goods to those in richer countries.

·         Workers in wealthier countries are required to be more efficient so they do not risk losing their job to other countries.

·         Global competition increases.

·         Creativity and innovation are at its maximum.

·         Spreading of knowledge between countries.

HOW DOES GLOBALIZATION AFFECT THE PEOPLE?

·         Improved technology.

·         Improved transportation.

·         Creates jobs for those in developing countries.

·         Allows those in richer countries to spend more money.

Source: Kulkarni A., 2012, http://www.buzzle.com/articles/positive-effects-of-globalization.html

WHY IS GLOBILIZATION IMPORTANT?

·         Multinational countries invest in developing countries; this allows the push up of foreign exchange.

·         Technical knowledge is shared around the world.

·         New inventions and medicines are released.

·         Spreading of culture is an effect.

·         Education is shared and adopted in different countries.

·         Legal and ethical teachings are shared.

·         Governments are able to work with each other closely.