Tuesday,Nov 3 2009, 07:00:52 AMGLOBALIZATION ADVANTAGES AND DISADVANTAGES

              Globalization has many advantages for developing and
developed countries. But, this has lead to a great dissatisfaction
among the under developed/developing countries. Though Liberalization
has many impacts on any country's economy, it has increased the per
capita income.

     Globalization - Advantages & Disadvantages

        Due to globalization the business market
in the world has no boundaries, they can market their products in any
part of the world. This has improved the chances of laying hands on
global markets & technologies, which would definitely increase our
Quality of Living Standards.

           But globalization has lead to a major dissatisfaction
among under developed/developing countries where they are cut off from
the rest of the world. This has also increased the chances of
inferiority complex among these nations.

                The Era of Globalization" is fast becoming the
preferred term for describing the current times. Just as the
Depression, the Cold War
Era, the Space Age, and the Roaring 20's are used to describe
particular periods of history; globalization describes the political,
economic, and cultural atmosphere of today.

              People around the globe are more connected to each
other than ever before. Information and money flow more quickly than
ever. Goods and services produced in one part of the world are
increasingly available in all parts of the world. International travel
is more frequent. International communication is commonplace. This
phenomenon has been titled "globalization." These are major advantages
of globalization

       While some people think of globalization as primarily a
synonym for global business, it is much more than that. The same
forces that allow businesses to operate as if national borders did not
exist also allow social activists, labor organizers, journalists,
academics, and many others to work on a global stage.

           There is a fundamental problem with globalization, which
will cause international tension and trade disputes without arresting
the process.

            The problem is the irrational nature of the global
market, coupled with the extreme vulnerability of the poorest and most
marginalized in emerging economies to sudden changes in exchange,
interest rates
, or big investment decisions.  Globalization therefore can sometimes
be destabilizing.

           Everyone sells when the price is already rock-bottom You
can have a bizarre situation where everyone privately thinks that the
currency
is already too low, but continues to sell hard only because they are
certain that everyone else thinks the currency still has further to
fall. Rates fall through the floor in a mass wave of panic selling, as
dealers dump currency in the near certain knowledge that they can buy
it back at a profit in a few minutes, hours or days.

           Well it has got tremendous benefits as well as its own pitfalls

Hi friends

Globalization - Advantages

Some Advantages r

   * Increased free trade between nations
   * Increased liquidity of capital allowing investors in developed
nations to invest in developing nations
   * Corporations have greater flexibility to operate across borders
   * Global mass media ties the world together
   * Increased flow of communications allows vital information to be
shared between individuals and corporations around the world
   * Greater ease and speed of transportation for goods and people
   * Reduction of cultural barriers increases the global village effect
   * Spread of democratic ideals to developed nations
   * Greater interdependence of nation-states
   * Reduction of likelihood of war between developed nations
   * Increases in environmental protection in developed nations

Hi.

Globalization Disadvantages

Some Disadvantages

   * Increased flow of skilled and non-skilled jobs from developed to
developing nations as corporations seek out the cheapest labor
   * Increased likelihood of economic disruptions in one nation
affecting all nations
   * Corporate influence of nation-states far exceeds that of civil
society organizations and average individuals
   * Threat that control of world media by a handful of corporations
will limit cultural expression
   * Greater chance of reactions for globalization being violent in
an attempt to preserve cultural heritage
   * Greater risk of diseases being transported unintentionally between nations
   * Spread of a materialistic lifestyle and attitude that sees
consumption as the path to prosperity
   * International bodies like the World Trade Organization infringe
on national and individual sovereignty
   * Increase in the chances of civil war within developing countries
and open war between developing countries as they vie for resources
   *  Decreases in environmental integrity as polluting corporations
take         & advantage of weak regulatory rules in developing
countries

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