What are the advantages of globalization ?

Supposedly there are advantages by way of us getting cheaper goods in excahgne for increasing our country's human capital. Obviously, retailers like Wal-Mart import from cheap manufacturers, whereby those countries are only learning labor skills. Here, the retailers sell them, so our laborers are learning customer service and interpersonal skills, which allows them to transfer to other industries if they want. It might seem unlikely, but this is what is "supposed" to happen in a global economy.

Also, we get to specialize in what we manufacture best (uhm, lord knows what that is, information?) while other nations specialize in other goods, because of the more global economy.

There are lots of benefits to globalization, it's just a matter of heavily regulating certain areas.

from what our first president said at the end of his second term.....you be the judge!
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Washington had been reelected unanimously in 1792. His decision not to seek a third term established a tradition that is now embedded in the 22d Amendment of the Constitution. In his Farewell Address of Sept. 17, 1796, he drew on the results of his varied experience, offering a guide for both present and future. He urged his compatriots to cherish the Union, support the public credit, be alert to the "insidious wiles of foreign influence," respect the Constitution and the nation's laws, abide by the results of elections, and eschew political parties of a sectional cast. Asserting that the United States and Europe had different interests, he declared that it "is our true policy to steer clear of permanent alliances with any portion of the foreign world," trusting to temporary alliances for emergencies. He also warned against indulging in either habitual favoritism or habitual hostility toward particular nations, lest such attitudes should provoke or involve the country in needless wars.
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advantages are for rich people they will get richer poor will get poorer.

Cheaper goods in the shops, more profits for the owners and more unemployment for the workers.

Cheaper products
Better products
Equalization of economic environment worldwide (less reason for aggression/war)
Intermingling of economic goals across internation boarders (common goals focusing more power towards those area of mutual concern.)
Wider distribution of Goods and Services since more people will be able to buy them.

But this all takes time. At first it will seem like some people are getting all the gold and others are left with the shaft but it will finally equal out. But since Americans have been at the "top of the heap" for a while we are going to feel the pinch for some time to come.

think modern medicine for more in 3rd world countries, bringing people together through more techology. there are many more bad reasons though.

â€¢Economically and socially positive: As an engine of commerce; one which brings an increased standard of living â€” prosperity to developing countries and further wealth to First World and Third World countries. This view claims that economic prosperity brings about social prosperity.
â€¢Economically,socially, and ecologically negative: As an engine of "corporate imperialism"; one which tramples over the human rights of developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.
Globalization as the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology. All definitions appear to agree that globalization has economic, political, cultural, and technological aspects that may be closely intertwined.

In theory part, globalization minimise the risk of suffering a huge loss as there is still profit earned in other part of the world.

What kind of loss am i talking about here?....
Simply is like political and social factor example is riot which cause damages to your company and business could not go on as usual.Sometime this could last for months or even years.Usually people will think of closing down the shop when thing getting better there then reopen.

Another advantage is that we can make use of the advantage of the country like some country which is naturally blessed with raw materials that needed for production of goods or relatively cheaper labourand land cost .These usually are sold in a relatively cheaper price since it's abundent, therefore reduce production cost and rise up your profit.
(If one item is cheaper by 50cents, if produce a million of that item a year and sold throughout the world, you can earn more five hundred thousand!!!)

Also, can carry out research and development in different part of the world with suitable technology, environment and expertise.Sometime the government willing to provide aids in different areas that will help the company to prosper.Example is tax relief, incentive, good communication and transport system.

Pratically, people from different world have different ideology.Therefore, they could come up with different idea which could help to create new product and sensation to rise your profit.
Not only that, If they could work in their country, it also save some money on hiring them oversea.

Also, when it is winter for another country where sometime operations have to be shut down,there will be operations carried out in countries in tropical area. Therefore you still have income.

In addition, you also can find more investors to invest in your company setting up in respective country. It is not always big investors willing to invest in your company since money is hard to earn and they don't have the garantee that it will be a sucess.

It also enables other small or large companies to know more about your company and maybe could enage into business area like it provide you with good priced item or even enter in different area of business.

Furthermore,it enable you to change fast with global demand by bring one popular item from one country to another or an unpopular item from one country to another. This way, one could further increase income, the other could reduce the loss for producing that unpopular items.

It also increase cooperation between countries and improve relationships hopefully.Althought rich will get richer and poor will get poorer in a less developing country, sometime the company will bring in expertise and higher level of technology that could be share with the locals and allow them to make improvement. Also allow a better conection of the local to the world to improve their rate of upgrading. Locals will have at least a low paid job than to stay unemployed thus somehow improve their life a bit.

There is alot of advantages of globalization is see how you view it.However it required heavy of investment and also have disadvantages.There is nothing that failure can't be apply on.

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