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TCW -
2 Pages 1.8KB
Apr 15, 2023 11:24 AM GMT+8 Apr 15, 2023 11:24 AM GMT+8
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Summary
Cross-border trade and investment have facilitated the flow of products, services, and
This leads to technological breakthrough and more innovations that improve quality of
life.
Travel, communication, and trade have increased, bringing people and nations closer
Companies are under pressure to increase the caliber of their products, save
It gives access to a large pool of skilled workers, thereby providing new jobs and
This ensures the availability of jobs for people to choose from which does not limit
The relocation of jobs to nations with lower labor costs and the concentration of wealth
in the hands of a small number of multinational firms are to blame for the rise in
inequality in income.
Low skilled workers have low chances to get high paying jobs.
Traditional customs and values have been eroded as a result of the proliferation of
societal factors like Hollywood movies and fast food chains as a result of globalization
This leads to cultural appropriation and many more.
.External downturns in one region can have a significant impact on other regions due
Instances of recession, inflation and many more might happen which can lead to
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