Globalization

In developed countries people have jobs insecurity. People are losing their jobs. Developed nations have outsourced manufacturing and white collar jobs. That means less jobs for their people.

This is because the manufacturing work is outsourced to countries where the costs of manufacturing goods and wages are lower than in their countries.

Through globalization, people from different countries are provided with jobs opportunities within the global. It has created the concept of outsourcing.

Developed countries prefer to provide work to developing countries where costs are cheap. Work such as customer support, software development, accounting, marketing and insurance are given to developing countries like India.

Globalization has created and expanded foreign trade in the world. Things that were only found in developed countries can now be found in other countries across the world. People can now get whatever they want and from any country.

Most successful emerging markets in developed countries are a result of privatization of state owned industries. In order for these industries to increase consumer demand many of them are attempting to expand and extend their value chain to an international level.

Globalisation operates mostly in the interests of the richest countries, which continue to dominate world trade at the expense of developing countries.

Globalisation is viewed by many as a threat to the world's cultural diversity. It is feared it might drown out local economies, traditions and languages and simply re-cast the whole world in the mould of the capitalist North and West

Cultures are also being spread without confining to political boundaries. Like, the Greek culture is being spread over Africa, Asia, and Europe which can be seen in the cities having the name of Alexander in Africa, Turkey, and Egypt.

At its core globalization is an easing of borders, making them less important as countries become dependent on each other to thrive.

Developed countries prefer to provide work to developing countries where costs are cheap. Work such as customer support, software development, accounting, marketing and insurance are given to developing countries like India.