Question

What Are the Advantages and Disadvantages of Globalisation?

Answer 1

Following are some of the advantages and disadvantages of globalisation

Advantages of globalisation:

1. Globalisation helps in pooling all the resources together.
2. Globalisation helps in the development of underdeveloped countries.
3. Globalisation encourages free trade among nations.
4. Globalisation creates more employment opportunities

Disadvantages of globalisation:

1. It may lead to outsourcing of jobs from a native country due to availability of cheap labour in another country.
2. It will benefit the wealthy people more than the poor.
3. It will result in an increase in emission of greenhouse gases that will have a direct impact on the environment.