GlobalisationOnline version Can you identify the pros and cons of globalisation, as well as the reasons for greater amounts of globalisation. by patrick livingstone 1 For Globalisation 2 Against Globalisation 3 Reasons for Globalisation occurring Goods and Services can be freely traded across borders. Greater economies of scale of MNCs leads to lower prices for global consumers. Consumers in different parts of the World have greater choice of goods and services. Technological advancements means trade can reach even the least developed countries of the World. Multinational Companies can get access to much wider markets. Economic recession in one country can trigger adverse reaction across the globe Companies face much greater competition. This can put smaller companies, at a disadvantage as they do not have resources to compete at a global scale. Developed countries can stifle development of less developed countries and exploit their low wages. Increasing migration of workers can also lead to exploitation and lessen living conditions for some. Increased inequality between the wealthy and the poor lead to a divided troublesome society. Advancements in technology means the modern World is much smaller and interconnected. A good example is the internet which easily makes communication around the globe simpler to achieve. International transport networks are improving as well as costs of flying decreasing which makes people more interconnected. In the Western World there has been much more liberalisation of markets through privatisation and deregulation which makes the flow of capital around the world much faster and simpler. Massive economies of scale means more multinational companies operate now which leads to greater similarities between international economies.
New game