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What are some negative effects of globalization? 

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What are some negative effects of globalization? 

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Loss of jobs, increased environmental damages, open borders lead to terrorism illegal drugs and spread of disease, less diversity, industrialized receive more benefits than low income countries, poverty remains high

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Based of the past globalization is here to stay due to countries continually needing resources. The benefits are strong and widespread. The gov can establish job-training programs and provide a safety net for those who have lost jobs due to foreign competition. The growth of international terrorism could cause countries to become less open in the future.

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What are some of the issues involved with outsourcing jobs?

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What are some of the issues involved with outsourcing jobs?

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Some workers lose their jobs because workers from other countries are willing to work for less money, people who lose their job from outsourcing could end up winning lower wages at other jobs

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When trade increases, increased flow of people and more investments being made in the economy.

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What roles to the International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO) play in globalization?

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What roles to the International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO) play in globalization?

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Make processes easier for global trade, gives advice to countries, helps adjust into different currencies

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When people trade, how do both sides benefit?

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When people trade, how do both sides benefit?

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Opportunity cost benefits all countries, Make global trade easier, Consumers buy products at lower costs

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Increased interaction

Increased trade with different goods

Shared culture and ideas

Larger market for consumers

Access to resources for different countries

Outsourcing

Enhanced living quality

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What are some effects of multinational businesses? 

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What are some effects of multinational businesses? 

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Positives: maximizes profits, lowers prices for consumers, provides jobs.
Negatives: poor companies that they operate in don’t get any benefits, and pay subspercing wages.

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What has led to increased globalization?

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What has led to increased globalization?

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Trade barriers have been reduced, trade restrictions have been reduced and better methods of transportation and communication

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Many credit the start of it as a result of Christopher Columbus's discovery of America in 1492. After that discovery every continent in the world had a way of being interconnected. The phrase was coined in the 1930's and it became a widely used term in the 1950's and 1960's following world war 2.