Globalization: Advantages and Disadvantages


What follows is a brief summary of the advantages and disadvantages of globalization:


Some Advantages of Globalization:

  • Increased free trade between nations.
  • Increased liquidity of capital allowing investors in developed nations to invest in developing nations.
  • Corporations have greater flexibility to operate across borders.
  • Global mass media ties the world together.
  • Increased flow of communications allows vital information to be shared between individuals, nations, and corporations around the world.
  • Greater ease and speed of transportation for goods and people.
  • Reduction of cultural barriers increases the “global village” effect.
  • Spread of democratic ideals to non-democratic nations.
  • Greater interdependence between nation-states.
  • Reduction of likelihood of war between developed nations.
  • Increases in environmental protection in developed nations.


Some Disadvantages of Globalization:

  • Increased flow of skilled and non-skilled jobs from developed nations to developing nations as corporations seek out the cheapest labor.
  • Increased likelihood of economic disruptions in one nation affecting all nations.
  • Corporate influence of nation-states far exceeds that of civil society organizations and average individuals.
  • Threat that the control of world media by a handful of corporations will limit cultural expression.
  • Greater chance of reaction to globalization being violent in an attempt to preserve cultural heritage.
  • Greater risk of disease vectors being transported unintentionally between nations.
  • Spread of a materialistic lifestyle and attitude that sees consumption as the path to personal fulfilment.
  • Increased likelihood of international bodies like the International Monetary Fund and the World Trade Organization infringing on national and individual sovereignty.
  • Increase in the chances of civil war within developing countries and open war between developing countries as they vie for scarce resources.
  • Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries.

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