Pros and Cons of Globalization

Pros and Cons of Globalization
Pros	Cons
- organization learn skills from other international organizations	- makes the rich countries richer and poor counries poorer ex. the wealth gap increases
- organizations can invest on the broader area	- loss of culture or a country's uniqueness ex. local people looking for foreign goods
- constant flow of cash to developing countries	- there is a presence of labor exploitation ex. long working hours, low salary, poor working environment
- one country learns about other so there is mix of culture	- experienced people tend to lose their job as techonology take their place ex. machines are made and developed
- people from rural areas get to know more about urban areas through modernization	- The profits of multinational corporations go back to the home country