Decision Matrix of Globalization

Pros of Globalization

Cons of Globalization

Communication and transportation have become easier and quick. Internet is one of the benefits of globalization.  Globalization leads to higher employment since developed countries outsource jobs to underdeveloped countries. Free trade between nations has been established, countries can produce and import goods without paying heavy tariffs. A lot of information is shared across the world. Due to blending of cultures, sharing and negotiating on a global scale now. Countries that face the tyranny of their political system are continually supported by the evolved countries since the issue is open to all the other countries around the world.

Pressure on the employed people in developed countries who are always under the threat of their jobs being outsourced. Globalization has made the rich to be richer and left the poor poorer. The increased opportunities have benefited the top investors.  Ruins personal identity of the cultures by westernizing everything. New generation is increasingly becoming unaware of the nuances of their own culture Workers face pay-cut demands from employers, which often threaten to export jobs. Exploitation of labor. Prisoners and child workers are used to work in inhumane facilities. Safety standards are ignored to produce cheap goods.