Globalization Pros And Cons

Globalization pros and cons.

The main benefit of globalization is economic growth. Globalization increases the exchange of goods, technological advances, and information. Therefore the countries that participate in globalization undoubtedly boost their economy. Consequently, people live a better quality of life, many times there is less poverty in the countries that participated in globalization.

Secondly, globalization gives an understanding of other cultures. It makes it more available to see foreign art, experience traditions, and norms. Because of the knowledge regarding other cultures people have more empathy, it helps to connect with others, and due to the comprehension, and it also builds confidence.

The main drawback of globalization is competition.