Costs and Benefits of globalisation

Question 1

Growth and development to countries

Answer 1

• Foreign investment and FDI brings capital into a country, this improves education and infastructure.
• This can attract further trade and investment.
• Global insitutions such as the world bank help people develop further.

Question 2

Inequalities, injustices and conflict

Answer 2

• As companies moved low skilled jobs to less developed countries low skille dworkers find it more difficult to earn money, greater divided between low and high skilled work force. BRAIN DRAIN
• Developed countries have greater access to capital, technology and trade, advantage over developed countries, inequalities between countries.
• Injustices, global shift and TNCs cause a number of injustices.
• ‘Race to the bottom’
• Enviromental issues, transportation growth and pollution, growing deforestion and overfishing.
• Temperatures will rise by 3 degrees celcius on average and sea levels will rise by 2 feet.
  EVAL - Globalisation has increased global cooperation.