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Is Globalization Good or Bad

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Saved by Kevin Campbell
on March 4, 2009 at 8:18:39 am

Globalization can be both good and bad, depending upon your viewpoint. Globalization can help developing countries catch up with with more advanced nations. However, if you live in a nation which is already industrialized, like America, the effects of globalization might seem negative.


Globalization also has different effects on different types of people in countries. For business leaders in industrialized nations, globalization is good because it allows them to get cheap overseas labor. However, for workers in those countries, like American workers, jobs which they are accustomed to can be outsourced to nations like China or India, where more workers are willing to work just as hard or harder for even less pay.

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