Global Issues: Positives and Negatives of Globalization

Globalization affects everyone everywhere. There are many pros and cons to globalization. Globalization brings opportunity to countries around the world. It increases competition and consequently lowers prices as well. Competition globally encourages creativity and the new inventions. This gives the world access to more choices of products and services. Less developed countries also get the opportunity to new technology faster as well. Although there are plenty of positive impacts from globalization, there are many negative impacts as well. Since country's products and innovations are blending together, there is a loss of culture and unique products. Globalization also encourages outsourcing which takes jobs away from the home country. Globalization also increases the chances of spreading diseases. The most important negative impact of globalization is that the rich are becoming richer while the poor are becoming poorer. Globalization is increasing as technology is developing. It is important to understand the impacts of globalization because it affects us everyday.