- Question
What are the advantages and disadvantages of globalization?
Proponents of globalization say it improves citizens' lives via the distribution of jobs, capital, and technology across borders, promoting peace through deeper economic ties between nations. Others claim the globalized movement of goods and people has fuelled inequality, climate change, environmental degradation, and deepened economic inequalities.
Globalization is good
There are many advantages to Globalization. Globalization has created jobs, lowered the price of consumer goods, fuelled innovation and contributed to peace on earth.
Globalization is bad
This position holds that globalization is bad. It argues globalization fuels inequality, erodes worker protections in a 'race to the bottom,' reduces public revenues, degrades the environment, and leaves the world more vulnerable to the rapid spread of infectious diseases.