Mass and balance

Classified in Economy

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GLOBALISATION= Growing integration of national economies into a global

market economy, in which almost all areas on earth are interconnected.


ADVANTAGES


-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 allos vital information to be shared between individuals and corporations around the world.


-Greater ease and speed of transportation of goods and people


-Reduction of cultural barriers increases the global village effect


-Spread of democratic ideals to developed nations


-Greater interdependence of nation states


-Reduction of likelihood war between developed nations


-Increases in environmental protection in developed nations.



DISADVANTAGES


-Increased flow of skilled and unskilled jobs from developed to developing nations as corporations seek out the cheapest labor


-Increasedlikelihood 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 control of the world media by a handful of corporations will limit cultural expression.


-Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage.


-Greater risk of diseases being transported unintentionally between nations.


-Spread of materialistics lifestyle and attitude that sees consumption as the path to prosperity.


-International bodies like the World Trade Organization infringe 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 resources.


-Decrease in environmental integrity as polluting corporations take advantage of week regulator rules in developing countries



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