Die Fragestellung lautet:

Globalization-in which way will it affect you.Give your personal point of view.

Meine comment ist:


Globalization simply means freedom of movement for goods and people.
The impact of globalization is visible and affects largely the economy,but a globalized economy would definitely make for big and possibly better changes.

Pro

Viewing both the productivity grows more quickly when countries produce goods and services in which they have a comparative advantage.Living standards can go up faster.

Due to global competition and cheap imports,the risk of an iflation is not very high.

Socially we have become more open and tolerant towards each other and the ppl who live in the other part of the world are not "aliens" as we always thought.

Con

It is true that Europeans are losing jobs and that is posing a problem for them since the companies are expanding to countries like China since the cost of labor is very low and this favours the company.

There is also a threat of corporates ruling the world because there is a lot of power which is invested in them due to globalization.

Corporates are building up units in other countries equally well equipped as they have done at their own country,thus transferring the quality to other countries.
This could boost the other countries technology and they might overtake your country soon.



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