Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalization Positives (MADE BY RYAN) - Coggle Diagram
Globalization Positives (MADE BY RYAN)
Economic Growth
For third world countries, globalization leads to more companies setting up in your country, therefore increasing employment opportunities, reducing unemployment and helping the poor earn an income.
For poor countries, they can now specialise in certain modes of production (for example Bangladesh specialises in textile products as it has a lot of labor)
One of the primary reasons why countries trade, is to gain resources, with globalization there is now a constant flow between borders, which makes it easier for countries to gain the resources desperately need.
Countries can tax companies which set up in their country, and can spend this on improving government services or development projects
When more companies set up in your country, there is more market competition, thus driving prices down for consumers.
Values and Political Change
In many countries which have not opened up to globalisation, they are a totalitarian dictatorship. Globalisation means that local citizens are exposed to global values such as human rights and democracy.
Political progress
Social issues solved
Democracy
For example, Arab Spring
Globalisation allows foreign companies to compete with state-owned enterprises which may be controlled by a dictator or corrupt elite
For example, Kazakhstan's oil elite
Reduces the monopoly that political elites have on the economy
Increases competition
Social and Cultural Diversity
With globalisation there is more communication between countries, populations, and communities. This leads to more mutual understanding between different nationalities
Less war
Less racism
More sharing of ideas
More cultural exchange
With more workers moving from country to country, there may be more expats living in foreign countries, increasing cultural diversity