Question

What are the pros and cons of globalization in today's world?

Answer 1

@hlee0919

Answer 2

you have anything @GoldPhenoix

Answer 3

Pros: Business can communicate efficiently and effectively with their partners, suppliers, and customers and manage better their supplies, inventories, and distribution network.

Cons: New risks and uncertainties brought about by the high degree of integration of domestic and local markets, intensification of competition, high degree of imitation, price and profit swings, and business and product destruction.

Answer 4

The pros are that the world exchanged ideas, products, and contributes to cultural diversity. Such as internet, trade, capital. an example of a con would be a developed country donating funds to developing countries. Since the developing coutnries have weak political systems, many developed countries are corrupt and may use the incoming funds for other uses. In Uganda, for axample, only used twenty cents of every dollar allocated to education in 1995. Income redistribution may be a problem in devleoping countries due to globalization