Globalization: Positives vs Negatives

Question 1

Globalization: Positives

Economic Growth

Answer 1

Increased trade and investment create jobs, boost industries, and expand markets for businesses worldwide.

Question 2

Globalization: Positives

Access to Goods and Services

Answer 2

Consumers benefit from a wider variety of products at lower prices due to increased competition and global supply chains.

Question 3

Globalization: Positives

Technological and Knowledge Exchange

Answer 3

Countries share innovations, medical advancements, and research, leading to overall progress in science and technology.

Question 4

Globalization: Positives

Cultural Exchange

Answer 4

People experience and appreciate different traditions, languages, and ideas, promoting global understanding and cooperation.

Question 5

Globalization: Positives

Improved Living Standards

Answer 5

Developing nations gain access to better education, healthcare, and infrastructure through foreign investment and global partnerships.

Question 6

Globalization: Negatives

Job Loss and Outsourcing

Answer 6

Companies move production to countries with lower labor costs, leading to job losses in higher-wage nations.

Question 7

Globalization: Negatives

Exploitation of Workers

Answer 7

In some developing countries, globalization can result in poor working conditions, low wages, and labor rights violations.

Question 8

Globalization: Negatives

Environmental Damage

Answer 8

Increased industrial activity, deforestation, and pollution result from mass production and global supply chains.

Question 9

Globalization: Negatives

Cultural Erosion

Answer 9

Local traditions and identities can be weakened as global brands and cultures dominate markets.

Question 10

Globalization: Negatives

Economic Inequality

Answer 10

Wealth is often concentrated in multinational corporations and developed nations, widening the gap between rich and poor countries.