Impacts of Globalization

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Impacts of Globalization By Fahad S

Positive Impacts

Cheaper cost of products

Globalization allows many consumers to enjoy luxurious products for cheaper costs. As explained before due to manufacturers paying less for materials, they also ask less from consumers. This is a big impact as it not only allows developed countries to enjoy luxurious at cheaper costs but also allows developing nations to purchase everyday needs for cheaper costs.

More customers

Globalization allows many countries to import and export products which in return introduces more customers and more opportunities. This is a huge impact on our current day lifestyles as with out globalization many companies such as Facebook, Google and Twitter would cease to exist and most likely would be very small compared to now.

Cheaper cost of materials

Globalization allows big companies to buy and source materials for cheaper costs. This is because some materials are more rare to find in some countries while more common in others. This overall is a huge positive for the consumer market as it allows businesses to provide cheap products with good quality.

More support to farmers

Globalization allows many smaller, lesser supported careers such as farmers become more wanted and supported. As the demand of new variety of foods and products increase so do the farmers that provide them which in return allow them to have a stable life. This is an important impact as locally farmers are in a lot of competition with other farmers in their own countries but due to globalization they can move onto another market.

More variety of products and foods

Globalization allows many different countries to import and export their products to other countries which in return gives the citizens more variety in food and products. This impact is very important in our current day society as most things we eat and consume are exported from another country.

New industries and more jobs

Globalization creates more jobs and introduces new industries to developing countries. This is because big companies like to outsource their materials from other countries and that introduces new jobs. This impact is very positive and important as it can allow more individuals in developing nations to get employed and increase the overall standard of living.

Negative Impacts

Loss of culture and religeon

Due to globalization many cultures and religions are being taken over by the more bigger and more influence lifestyles. This in return is creating more minorities and challenging the long traditions of many diverse groups.

Increase in discrimination towards immigrants

Due to globalization many individuals migrate to other countries in hopes of better jobs and a better lifestyle, but this can result into many other unfortunate things such as discrimination, racism and even isolation. This impact has increased the amount of immigration around the whole world and then introduced them to an unwelcoming society.

Unfair advantages

Due to globalization many undeveloped countries have to comply with the outrages demands of the developed countries, this allows countries like USA to pressure other undeveloped nations to provide the cheapest prices for business. This impact has resulted in a lot of unfair advantage in favor of the developed nations which in return allows the countries at the top to maintain their position while keeping everyone else at the bottom.

Less jobs for developed countries

Due to globalization many developed countries have losed many jobs as previously before globalization, the jobs that were related to locally sourced materials were occupied by the citizens but after globalization it was taken over by national trades. This impact is one of the main causes of the infamous high unemployment rates in devloped countries such as USA, Canada and the UK.

Creates a hierarchy system

Due to globalization many more developed countries tend to "boss" around the more undeveloped countries by pressuring them to provide cheaper prices and etc. This impact has limited many developing countries by allowing the developed nations to take advantage of them and "keep them at bay"