Title: Globalization: Is it Good or Bad?
Headings: Globalization: Is it Good or Bad?
Globalization: Is it Good or Bad?
Globalization is not a new idea
What is globalization?
The benefits of globalization
The downsides of globalization
What’s the future for globalization?
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Content: Culturally, it promotes the i ncrease in the exchange of values and ideas. It boosts the political activities of nations toward a global level through coordination with intergovernmental organizations. Globalization brings about the changes in the creation and implementation of international laws. Globalization enables developing countries to draw level to industrialized countries via the increase of economic expansion, diversification and manufacturing. It brings improvements in the countries’ standards of living. Globalization gives the outsourcing industries a big boost, bringing technology and more jobs to other countries. It encourages many companies to specialize, increase their capital, improve their research and development efforts and help them innovate. It provides more employment opportunities, especially in the export and import sectors. The household income gains an increase through globalization. It reduces inflation rates and increases the take home pay of workers because the cost of consumption is lower.