Quinones, Jackielyn C.

BSED II-C (Mathematics)

The effects of Globalization in different aspects

ECONOMIC:

Advantages

 More efficient markets.

 Increased competition
 Stabilized security
 More wealth equality throughout the world

Disadvantages

 Interdependent economy
 Price instability
 Currency fluctuation
 Benefits are distributed unevenly

SOCIAL

Advantages

 Encompasses security
 Preserves culture and identity
 Inclusion or exclusion is exhibited
 Cohesiveness of families and communities

Disadvantages

 Poverty
 Unemployment
 Problems in inequality

POLITICAL

Advantages

 Increase of middle class

 Number of foreign embassies
 Participation in UN
Disadvantages

 Power and intersects

 Dominant political elites

CULTURAL

Advantages

 Market of cultural variety

 Recognizes cultural variety
 Increase of interaction

Disadvantages

 Clash of culture
 Cultural competition
 Cultural crisis

REFERENCES:

(online)

https://bizfluent.com

https://m.grin.com

www.ilo.org

www.kstatecollegian.com

www.ncbi.nlm.nih.gov