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    jayveemirano
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    Globalization has both advantages and disadvantages. It allows for access to new cultures and the spread of technology and innovation, but can also lead to unequal economic growth as it exploits cheaper foreign labor markets and lacks support for local businesses. While globalization lifts some people out of poverty by providing lower costs for goods, it may also increase the potential for global recessions due to growing economic interdependence among countries.

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    Globalization has both advantages and disadvantages. It allows for access to new cultures and the spread of technology and innovation, but can also lead to unequal economic growth as it exploits cheaper foreign labor markets and lacks support for local businesses. While globalization lifts some people out of poverty by providing lower costs for goods, it may also increase the potential for global recessions due to growing economic interdependence among countries.

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    9 views1 page

    Quiz Contemp

    Uploaded by

    jayveemirano
    Globalization has both advantages and disadvantages. It allows for access to new cultures and the spread of technology and innovation, but can also lead to unequal economic growth as it exploits cheaper foreign labor markets and lacks support for local businesses. While globalization lifts some people out of poverty by providing lower costs for goods, it may also increase the potential for global recessions due to growing economic interdependence among countries.

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    of 1

    1.

    Political Globalizatuon
    2. Globalization
    3. Social Globalization
    4. Globalization
    5. Contemporary World

    Causes Of Globalization

    • Containerisation.
    • Technological change
    • Economies of scale

    Effects of Globalization
     Access to New Cultures.
     The Spread of Technology and Innovation.
     Lower Costs for Products

    Advantages Of Globalization
     Globalization Broadens Access to Goods and Services.
     Globalization Can Lift People Out of Poverty.
     Globalization Increases Cultural Awareness

    Disadvantages Of Globalization
     Unequal economic growth.
     Lack of local businesses.
     Increases potential global recessions.
     Exploits cheaper labor markets.

    Essay

    In todays It Affects Of globalization All Of us They use technology and gadget For easy way And they
    affects of our Body also sa pag aabuso sa Gadget Pero kinakailangan kase naten ang technology para
    Mabilis tayo makaprocess o may malaman na information tulad ng pagtatrade o kaya Balita also

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