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Globalization Pros/Cons List - Coggle Diagram
Globalization Pros/Cons List
Pros
Access to new culture
The spread of technology and innovation
Able to understand the differences of countries
Resources and products can be shared between countries through trade and exporting
new jobs and skills
New concepts, ways of living, ideas are introduced to nations
allows goods to be made and sold all over the world
Countries get to learn from others that are more sustainable and efficient, can adopt policies and green technology for themselves
the migration of people can fill labour and skill shortages
Several countries can work together in effort of wildlife conservation, whether in technology or the territory that animal habitats span
it enables governments to work together to tackle global issues or respond to events such as a natural disaster
Cons
deforestation
Greenhouse gas emissions
expensive imports
terrorism
Inequality
neck cutting competition
currency fluctuation
The monopolization of business
it operates mostly in the interests of the richest countries, who continue to dominate world trade
Disparity; the poor get poorer while the rich get richer
Loss of cultural identity
it threatens the world's cultural diversity - threatening local traditions and languages
The spread of diseases and illnesses is much likelier, whether in the form of pandemics that affect humans or invasive species
migration of people from across the world can cause social tensions and conflict of ideologies