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GLOBALIZATION - Coggle Diagram
GLOBALIZATION
CONS
job losses
in developed countries
factories are moved where
labor is cheaper
harm to the environment
pollution
exploitation of natural resources
in poorer countries
widening the wealth gap
rich are richer; poor are poorer
loss of cultural identity
people prefer global brands vs local heritage
companies exploit workers
they pay them very little
PROS
better jobs & economic growth
better living standards
it helps countries to develop faster
market choises
more choises for everyone
es. you find sushi in your local supermarket
cultural exchange
art, music, traditions...
sharing knowledge and innovation
medical, tech innovations & educational materials can reach more people
double-edged sword
significant challenges
that we need to take care/ to address carefully
CONS
brings exciting opportunities
PROS
definition
invisible web
that connects countries and people
influence each other's culture
ups and downs