Globalization
Interdependence
- Connects many countries around the world.
- If one country collapses, all the other countries are impacted
Diseases such as COVID-19
Job Competition (Developed vs. Developing Countries
- Gives job opportunities to both developed and developing countries
- Competition
- Due to cheaper manufacturing jobs in developing countries, developed countries are at a disadvantage because of less job opportunities
Manufacturing Jobs (factories)
Pollution and Environmental Damage
- Production of products
- Import and export increased
- Severely damaged the environment
Pollution
Spread of Ideas and Innovation
With the presence of technology and its unmatchable speed for interconnection, ideas and knowledge are more accessible than ever. It is easier to add to knowledge and cooperate with great minds across the world, instead of being limited to your area, and rediscovering something that has already used time and resources finding it out. This also allows easier access to education.
Medical Feild
- Covid Vaccines
- Pfizer( produced, shipped and tested
in multiple countries)
Promotes Positive international Relationships
It is in the national interest of most, if not all countries to have be on friendly terms with neighboring nations or ones overseas, as it allows for smoother trade (a necessity with everything imported or exported), and can promote jobs and immigration.
Trade
- US and China
-$600 billion dollars gain in 2017
Reducing Extreme Poverty
Many international cooperation's and organizations are born form the benefit and need globalization brings, and their actions drove the growth of many developing economies. With that being said, tasks such as illuminating global issues, for example poverty, become a team effort with mutual benefits. Since countries become more interdependent, so do some of their gains.
Subtopic
- Growth in middle class in Canada
- Immigration