Globalization: DisAdvantage and Advantage

Globalization may refer to the ease in which buisness conduct operation in different countries other than
their own. With the increased in global interaction comes the growth of international trade, ideas
culture. Globalzation has grown due to advances in transfortation and communication technology. Even
though the geographic size of our planet remains consistent, how we interact with each other is
changing by minute. Pespite 200 contries independently working for thier best interest, we all come
together in away that makes the world a better place. However conflicts and diplomacy are also play
large parts of history of globalization and modern globalization. Even globalization is primarily an
economic process of interaction and integration that is associated with social and cultural aspects, there
re concepts of communication, information access, and technology development to consider in this
subject matter.

Globalization helps through improving in allocative efficacy and effeciency of the resources that helps
boost the average growth rate of the country's economy.increases labor productivity and reduces Capital
output ratio. In its absence, makes the production system careless about cost effectiveness, for it makes
way for eliminating inefficiency in the production system. Globalization attracts foreign capital as well as
foreign updated technology, improving the quality of production. How on the other hand globalization
leads the way to redistribute the economic level level which leads to dominance of rich powerful
countries over poor nations. Eventhrough globalization promotes technological adaptation to increase
productivity, much of it has resulted in loss of jobs. Result in more imports than exports in growing trade
deficit and balance of payment issue small scale industries cannot with stand competition due to
MNCS(Multi National CorporationS)bought by globalization.

When nations work together to fund common goals, then more money becomes useful for needs other
than national defense. When borders becomes less restrictive around the world. People tend to moves
to locations where thier best oppotunities exist, globalization would also reduce labor exploitation
issues. By focusing or globalization we could reduce child labor issues. Human trafficking concern would
be limited because more border freedom.people could live, work or go where they please with fewer
restrictions,making easier to chase thier dreams. By reducinh border restrictions, we improve
communication access because were no longer restricting the movements and actions of people on a
per-nation basis. Globalization would also remove tax haven for wealthy individuals and businesses. Tax
havens are defined as either a country or independent area where taxation levies are at low rates. They
offer foreign business and individuals an opportunity to keep their profits in local institutions with little
or no liability. These havens share little if any information about these finances with other tax
authorities. Globalization reduces this issue because if eliminates the administrative structures in place
which allows the wealthy to hide their funds from being taxed. That would mean these Business and
people would be treated as an average citizen is today. Greater transparency here would lead to better
funding of social.