Globalization

Price instability is a large issue with globalization
because of established overseas industries where
cheap raw materials and labour are readily available,
domestic businesses that have nearly no access to the
same cheaper conditions as overseas are left with no
choice but to raise prices. An example of this is China
because of the abundance of low-wage workers, they
are able to have lower manufacturing costs than in
other countries, which leaves the aforemention country's domestically manufactured products at un-competive price.

Globalization in developed country businesses,
typically can contribute to unemployement as
a result of the easy access businesses have to
offshoring manufacturing jobs, because of the cheaper
prices.

Foreign investment as a result of
globalization, positively impacts
the economy, by improving companies
through boosting productivity, worker
skills, and encouraging technical development. An example of this is the stock market as before technology people only invested in local businesses, however now because of technological development in recent year investors are able to invest all over the world in just a few clicks of a button and impact the world economy.

Globalization aided by technology, allows people
from a country to be active global citizens, and unite
people around the globe. As a result of this in a sense
countries are forced in to aiding one another, building positive public relations. An example of this could be seen as Tik Tok because of its world wide popularity countries have been seen to become more involved with relations with the orgin country China