provides businesses with more production options and customers, more goods are available at a wider range of costs.
Promotes working together
Globalization is what connects different parts of the world in which it results in expension of Cultural, economic, and political activity on a global scale
Access to resources
Access to resources
When various regions of the world lack a resource, nations would trade and assist one another.
Negative
Terrorism
Terrorism is an active problem occuring in developed countries. Lots of people lived in third world countries come to foreign countries with a worker visa and a bad intention. Its hard to tell who is being truthful and who is lying.
Job Insecurity
When globalization didint really exist skilled workers would be working in government sectors. Since people are trying to work around the world employers like cheap labour. A skilled person whos ready to get paid less.
Price Instability
Price instability has an effect on business's. People often like to get cheap raw materials so they establish industries overseas. They can cut production cost and sell goods for low. Succesful business's are for those who can find a competitive advantage.
