Globalization - Mind Map

Globalization

Information and technology spread more easily with globalization.

Pros

Globalization broadens access to goods and services.

Globalization can lift people out of poverty.

Globalization promotes peace

Globalization increases cultural awareness.

Cons

The oppression of weaker and poorer economies by those that are more financially inclined

Multinational corporations can exploit tax haven nations, sending large portions of revenue offshore to avoid taxation

The downside to globalization can be seen in the increased risk for the transmission of diseases

Globalization also occasionally leads to currency fluctuation

Multinational corporations often get away with poor, unsafe, unethical, or exploitative working conditions due to variations in laws and regulations from one country to another

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