Professional Documents
Culture Documents
8 .Globalization
8 .Globalization
8 .Globalization
Because of the global economy, many goods including what, we use ds doily basics produced by
older countries have to be transported for o long distance. To what extent do the advantages
outweigh the disadvantages?
2. There are problems like terrorism, which are having a detrimental effect on our society. There are
various global organizations, which are working towards eradicating these issues but it cannot be
possible without trust and harmony between different nations.
3. The poor countries are getting aid from developed countries to develop their infrastructure and
develop themselves. ln these countries many people are suffering from starvation and poverty which can
harm the neighbouring richer nations and that is why all nations realize the importance of maintaining
good relations.
70. , [ all advantages]They train local labour with more sophisticated techniques, which in the
long run bring benefits to the host country. They also raise the growth rate of the host nation by
introducing new investments and new technology. To add to it, they promote efficient production and
bring a broader range of products to the widest possible market.
3. Another important advantage of MNCs is that they induce their local rivals to become more innovative
and competitive. For instance, it is a well-known fact that the Indian company Videocon has improved its
standard to compete with MNCs such as Samsung and Sony. Finally, these companies promote positive
values, such as diversity, and equality for women. They also create an environment of nonviolence and
international cooperation