Advantages and disadvantages of globalization

Globalization has been the means of integration and interdependence through which economic, political, cultural, social and technological processes have been modified, giving rise to a more interconnected world.

It is a dynamic process that resulted from capitalism in the search to increase production, trade and consumption, which in turn has been favored since the appearance of the internet.

However, globalization has generated a series of advantages and disadvantages that have occurred over time and that have been seen as a way to overcome limitations and offer contributions. However, it also has a counterparty whose risks are increasingly noticeable.

Advantages of globalization

Globalization has been a process that has encouraged and promoted the integration of societies through different activities that have been the driving force behind a significant percentage of human development. Here are some of the most important benefits.

In economics

• Free trade of goods and services worldwide. Decrease in production costs. Greater business competitiveness and product quality. Technological development that favors the levels and speed of production. Greater employment offer in developing countries, since that multinational companies are strategically installed in them because the raw material and labor are cheaper.

In politics

• Legislation at the national and international level has been modified in order to encourage trade, cooperation plans, legal security, commercial security, new public policies, among others.

In culture

• Greater cultural exchange thanks to the various communication channels. Tourism activity incentive. A set of universal values ​​is shared that cross borders and cultural disagreements.

Socially

• Human relations have been strengthened and have been able to overcome various limitations, such as distance, thanks to technological development. Greater accessibility to exchange and access information of national and international interest.

Disadvantages of globalization

In general terms, the disadvantages that stand out from globalization are those that are generating difficulties in various areas of human development and limiting its drive.

In economics

• Developed countries with great potentials and economic scope have imposed themselves on those developing countries and those with minor economies. This generates a great economic imbalance. In developed countries unemployment increases because multinational companies open offices in developing countries, where labor and raw materials are cheaper. Economic inequality among the citizens of a country, since Large companies have greater profits and financial capacity than smaller and more powerful ones. Exhaustion of natural resources and raw materials in production processes.

In politics

• Globalization has been a challenge that national and international politics have had to face. In some cases, the measures taken have not been the most appropriate and, on the contrary, have generated greater social, cultural and economic inequality.

In culture

• National identity may be adversely affected as a result of developed countries overlapping their cultures over those of developing countries, through strong commercial and media momentum. Minority languages ​​are lost. As time passes, many of the indigenous traditions are modified by incorporating new customs, generally from other countries.

Socially

• Social inequality has limited access and use of various educational, technological and economic resources in many social groups in a situation of poverty. Increase in the number of confrontations between social groups seeking to claim their social, religious and cultural values, before which have implanted through globalization.

See also:

• 7 key characteristics of globalization. Cultural globalization.