Question

In: Economics

there are those who believe globalization is a good thing and others who believe it is...

there are those who believe globalization is a good thing and others who believe it is horrible.

What do you think? Why? In one or two paragraphs state your beliefs re globalization and explain why you believe this

Solutions

Expert Solution

I think globalization is beneficial in 2020 century

Many of benefits are concerned with globalisation

1 Now owing to globalisation societies have become interconnected world.

2 international economic integration with global production is there due to globalisation

3 transnationalmedia systems creating a global culture, global consumerism to create a global village

4 International tourism had been supported.

But at the same time,few adverse impact are also concerned such as competition among rich and less developed countries and destruction of small producers.

Therefore, pros and cons both are concerned with globalisation


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