globalisation
Benefits and Problems Associated with Globalisation
Globalisation brings both benefits and problems to different groups of both the developing and developed world. One benefit of globalisation is the evidence of consumer prices being reduced worldwide. This has a positive effect on the finance of people especially in developing countries, as more people are able to afford to buy both essential and non-essential products without denting their income. However for companies supplying these products they are making less profit, therefore they are more likely to move their factories aboard to countries where people are willing to work for less and have poor human rights policies.
Moreover, globalisation brings political benefits to a country. For example trade barriers like tariffs and quotas have been removed in some countries, therefore it is easier for trade to proceed between different countries building political relationships and adding wealth from exportation. The EU is an example of this where trading is very common between countries. Although this can be very beneficial to a country, in the long term it could become a problem. Many may become reliant on others to supply products to them and as population increases so will demand. Manufactures may not be able to make these items in time; this could cause political stress between countries and businesses. Also the fact of loss of identify, many businesses will be forced to close as their product may be cheaper to import elsewhere and this will have a bad effect on the country’s economy.
Furthermore, globalisation brings opportunities for the people not only in the area it is taking place in but far beyond. An example of this is the Disney industry; the French paid $2 billion for the construction of Disneyland Paris ensuring 30,000 jobs, and Disney employs a total 166,000 people worldwide. However this can cause many problems one of which is migration. People may migrate to a different country in
Globalisation brings both benefits and problems to different groups of both the developing and developed world. One benefit of globalisation is the evidence of consumer prices being reduced worldwide. This has a positive effect on the finance of people especially in developing countries, as more people are able to afford to buy both essential and non-essential products without denting their income. However for companies supplying these products they are making less profit, therefore they are more likely to move their factories aboard to countries where people are willing to work for less and have poor human rights policies.
Moreover, globalisation brings political benefits to a country. For example trade barriers like tariffs and quotas have been removed in some countries, therefore it is easier for trade to proceed between different countries building political relationships and adding wealth from exportation. The EU is an example of this where trading is very common between countries. Although this can be very beneficial to a country, in the long term it could become a problem. Many may become reliant on others to supply products to them and as population increases so will demand. Manufactures may not be able to make these items in time; this could cause political stress between countries and businesses. Also the fact of loss of identify, many businesses will be forced to close as their product may be cheaper to import elsewhere and this will have a bad effect on the country’s economy.
Furthermore, globalisation brings opportunities for the people not only in the area it is taking place in but far beyond. An example of this is the Disney industry; the French paid $2 billion for the construction of Disneyland Paris ensuring 30,000 jobs, and Disney employs a total 166,000 people worldwide. However this can cause many problems one of which is migration. People may migrate to a different country in