Globalization

Global Ecomomic Growth

helps create job opportunities and makes companies competitive, allowing decreases in prices for consumers

poor countries have an opportunity to develop economically

Socialism Recognition

as poor countries flourish, human rights are more widely respected between nations

globalization and democracy are going hand in hand in terms of countries having the ability to put more power in the citizens

Free Trade Agreements

globalization has given many countries the opportunity to agree to free trade through specific agreements such as NAFTA

Cultural Appreciation

countries are able to learn about each other's foreign policies and gain knowledge on political values and understandings

Ecological Modernization

different governments share financial interests that develop into similar eco-friendly behaviour; countries can work together to issue policies to help environmentalism

globalization has allowed countries to come together as a community to develop the safety of the environment, specifically the Paris Agreement has began to shed light on the issues regarding climate change

countries who partake in imports and exports and global trade are more likely to have a well-rounded economy and relationships as trade partners and overall the country as a whole

countries around the world are able to import Apple products to cell from manufactures around the world that help increase technological awareness and advancing

Free Trade Barriers

free trade should bring opportunities for imports and exports without barriers, but often times tax deficits are issued through some countries

agreements such as NAFTA are the things that are causing many countries to create trade deficits

Unethical Decision-Making

globalization has created an exploitation of labour for prisoners and children working under inhumane conditions for little to no money

Imbalanced Trade Deficit

countries; especially richer ones, have began to over spend on trading and created trade deficits causing the economy to plummet

trade deficits are often created by the governments that do not properly implement trade regulations that balance imports and exports coming in and out of the country

Canada and many other countries often have trade deficits where they are importing more than the economy is able to, which does not balance economic growth

Bangladesh is known to have a lot of child labour issues in inhumane conditions with children having low wages and no proper education

globalization is often glamorized but is harmful to under-developed countries; where Canada and USA would benefit from importing goods from poor countries, countries in the Middle East and Africa suffer along with their economies. essentially rich countries get richer but poor countries get poorer