Globalization has brought more opportunities to our global community
Economical
Social
Technological
Cultural
Increase of the quality of healthcare
Increases living standards
Connecting people who have same cultures
Allow people to acess forgien cultures
Share new technology to different countries
spreads technology and innovation
makes procduct costs lower
Globalization makes it really easy for anyone to access foreign cultures at your doorstep, including food, movies, music, and art.
Globalization allows companies to find lower-cost ways to make their products. increasing global competition, which drives prices down and creates a larger variety of choices for consumers.
Many countries around the world remain constantly connected, so knowledge and technological advances travel quickly.
Citation
Works Cited
“Effects of Globalisation: Positive & Negative | StudySmarter.” StudySmarter UK, www.studysmarter.co.uk/explanations/geography/globalisation/effects-of-globalisation/#:~:text=On%20the%20other%20hand%2C%20there. Accessed 18 Jan. 2024.
“Globalisation in Healthcare.” Study.com, 2023, study.com/academy/lesson/globalization-of-healthcare-development-impact.html#:~:text=Globalization%20increases%20medical%20access%20for.How Globalization Impacts Local Culture & Society Video. “How Globalization Impacts Local Culture & Society - Video & Lesson Transcript | Study.com.” Study.com, 2013, study.com/academy/lesson/how-globalization-impacts-local-culture-society.html#:~:text=Importantly%2C%20globalization%20has%20also%20opened. Accessed 18 Jan. 2024.Velocity Global. “Globalization Benefits and Challenges.” Velocity Global, 30 Mar. 2020, velocityglobal.com/resources/blog/globalization-benefits-and-challenges/#:~:text=Globalization%20allows%20companies%20to%20find.
Developing nations experience an improved standard of living—thanks to globalization. According to the World Bank, extreme poverty decreased by 35% since 1990.
CHALLENGES
Globalization made importing, or bringing in goods, and exporting, or sending out goods, increasingly cheaper, thus allowing for better economic growth.
Expands buisness operations worldwide
More carbon emmisions have been released
Increased corruption
Habitat destruction
Clearing land for constructing new roads for transportation and structures accommodates more agricultural and industrial production but has contributed to the global loss of many habitats.
Globalisation has resulted in the increased consumption of non-renewable energy sources. Goods are currently travelling to further places, causing an increase in fuel consumption.
Globalization has increased the opportunity for corrupt practices as the resulting trade relationships have put government officials and businesses into situations that foster corruption
Globalization encourages companies to internationalize and to substantially increase the volume and types of cross-border transactions in goods, services and capital.
Globalization increases medical access for people and countries that may not have access or may not be able to afford care.