Professional Documents
Culture Documents
Contmporary World
Contmporary World
6.Advanced technology
• Advanced technologies are a result of globalization.
A constant need for innovations appeared due to the
lack of quick data transfer and public communication.
It’s advancement has paved the way for the positive
effects of globalization in countries that initially did
not want to associate with others.
7
Positive effects of
globalization
developing countries
Globalization has numerous positive effects on
some developing countries. It’s the reason for
the fast growth and development of these
countries as people invest in these states
improving their infrastructure technology and
total production. Below are some positive
effects of worldwide integration and developing
countries.
2.Availability of employment
• Most developed countries have lots of educated jobless
people globalization gives them job opportunities in other
countries. Their primary advantage over the residents of
the developed countries is the fact that they offer cheap
services. They are also open to learning as they consider
themselves lucky to have a new life.
4.Technology
• Globalization has helped transport technology to
developing countries. Some investors and foreigners who
have got a bargain with the people from developing
countries needed to communicate with them and exchange
ideas and information. The fastest way to do it that’s true
using modern technology. It has dramatically helped people
from developing countries most of them can buy and sell
goods online at low price.
3. Price instability
• Bryce instability is a significant effect of
globalization and business. Some people establish
industries overseas where they get cheap raw
materials and labor. They cut production costs and
sell their goods at a low price. Due to competition,
some high-quality products differ in prices.
Date 14
4.Currency fluctuation
•International trade buys and sells
products using the US dollar. The price
of the dollar fluctuates dayto-day in
developing countries. This results in a
imbalance economy and abnormal
price for goods and services. National
currency are affected the most by
intergovernmental organization (IGOs).
2.Unemployment
• In almost all developing countries, over half of the
working population relied on casual jobs in industries
until globalization took root. The advancement of
technology has reduced such employment and
increased the global need for skilled professionals.
4. Abandonment of culture
• Every community, society, or nation has its values
and beliefs that is to say - its own culture. They are
essential because they mold the acceptable
behavior of the people in a particular community.
The elders or leaders ensure the people behave in a
morally good way.
Date Your Footer Here 18
5.Terrorism
• Not a year ends without incidents of terrorism in
the community which has affected its welfare and
unity that existed before globalization. according to
the recent studies, there were nine thousand
terroristic attacks performed worldwide in 2017.
Tagudar, Mathew
Tingson, Rea Danica T.
Torato, Lovely Ann
Villanueva, Arnie John
Velarde, Rowena