The positive effect can be defined as the mixing of countries based upon the trading of goods, solutions, and capital. In reference to a unique organization or perhaps industry, the positive effect is the competitive position in which an organization in one country famous to that within. Globalization is actually not the same because the terrorist episodes that happened on Sept 11, 2001. From this point, nationwide and multinational corporations had to reassess the positive effect and the method in which it is going to evolve. As a result of developments in technology, significant increases in trade, opportunities, and immigration have stirred up morals that the universe has came into a new monetary development (Walker, 2003). Advantages of globalization include the freedom of trade among countries, advancement of technology and new practices, development of unrestricted foreign trade, concurrence of global life styles and values, and expansion of businesses. With the freedom of trade between countries, people are able to travel all over the world and get knowledge via social benefits. Information journeys quickly through technology and media which puts communication on a global aspect (Advantages of Globalization, 2011). Therefore , companies and consumers have a greater chance to expand business because they have access to even more goods. Individuals were only in a position to depend on their own country intended for job opportunities. Globalization can help you compete for jobs in other markets. Interacting and posting new suggestions with other countries lead to technology advancement and new methods learned by different nationalities. Disadvantages of globalization incorporate economic inability, cultural the use, unemployment, and spread of diseases. Drawback of the positive effect in the economy is the fact that nations work closely and are associated with each other. When compared to a dominoes effect, if one nation were to provide an economic inability all the international locations would be damaged....
References: Advantages of Globalization. (2011). Retrieved September 6, 2012, from http://advantagesofglobalization.com/
Naik, A. (2011, Sept 21). Disadvantages of Globalization. Retrieved Sept 6, 2012, from Buzzle: http://www.buzzle.com/articles/disadvantages-of-globalization.html
Walker. (2003). Performing Internationally. McGraw-Hill.