Globalization
Positive (Bhapinder)
Building Relations
Globalization is an amazing way to build relations between countries, villages, and colonies. These relations can help support economically or politically.
Ambassadors Emanuel and Baucus discuss the essential relationship needed with Japan for peace between countries.
Information Age
Advances in technology is a huge benefit every country experiences when collaborating with globalization. Globalization has created a new era for countries around the world and has created an interdependance between countries.
Russia's trade minister promises Iphone 14 imports.
Trading
A study shows that the countries successful in reducing poverty and developing faster are actively participating in globalization. Importing and exporting activities can create a huge impact on developing countries.
In an interview, U.S ambassador says that the U.S would like to buy oil energy from Canada.
Companies can go world wide and achieve more than they would've only in their country.
Boots (a health and beauty store) is planning to start a new online market to fight competition.
Reduce Labour Exploitation
When Borders around the world become less confined, more people will be able to move out of countries for better opportunities in other countries.
Throughout July, federal border agents opened borders to illegal immigrants. Soon after their arrest, they were let loose inside the country.
Negative (Rakaavi)
In order to avoid paying taxes, large multinational firms can take advantage of tax havens in other nations.
Because of deficits, job losses, and other adverse effects on the economy, social welfare schemes, or "safety nets," are under intense pressure in developed nations.
According to some experts, globalisation is also contributing to the spread of communicable diseases. Travellers are bringing deadly diseases like HIV/AIDS to the most distant regions of the world.