Solved: Discuss the advantages and disadvantages of globalization

Discuss the advantages and disadvantages of globalization

Expert Answer

Advantages of the Globalization->

  • The Globalization has increased the reach of the product and services , the companies are able to sell not only in the domestic market but also in any part of the world
  • Opportunities in other parts of the world where there is high profitability and less competition.
  • Global status- the company is known to other countries as well. e.g Nike, Reebok, Apple etc
  • Increased Quality standards, the Globalization has improved the standards of the products due to customer expectations and high level of competition.
  • It generates employment and Transfer of technology also


  • Globalization can be a high risk for some companies , they have to realize wheather their existing business has the capabilities to carry out business across the national boundaries or not.
  • Globalisation can kead to migration of people and resources from one place to other hence it affect the economy of the country
  • The more developed countries are selling their products to the less-developed countries. as a result the they become dependent upon the more developed countries.
  • It has created a need of specialized labours due to which there are less opportunities for non specialized workers.
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