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 creates jobs
Economic liberalization has made it easier for companies to relocate, allowing them to rapidly scale up and create new jobs.
Globalization improves domestic productivity by expanding knowledge. Allowing foreign imports increases competition, which forces innovation in order for companies to stay in demand.