Globalization: A Blessing or a Curse?

Positive Impacts

Improves Global Economy

Creates More Market Competition

Phone Market

Creates Cultural Diversity

Foreign Cuisine

Little Italy, Greektown, Chinatown

Foreign Clothing/Fashion

Trade

Provides Countries with Unattainable Resources

Fruits in Canada

Political Activity Increased - Trade Agreements

NAFTA

Sharing of Technology Helps Developing Countries to Advance

Allows Countries to Work Efficiently

Educational Purposes

Scarce Resources Deplete Rapidly

Leads to an Increased price for Goods & Services

Environmental Degradation

Delivery of Products Emit Pollution

Construction of Manufacturing Plants

Lack of Domestic Economical Growth

Job Loss in Developed Countries

Labour is Cheaper in Developing Countries

Child Labour

Transfer of Products Causes Possible Spreading of Viruses

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