![what have been the positive and negative impacts of globalization in africa? what have been the positive and negative impacts of globalization in africa?](http://image.slidesharecdn.com/consequencesofglobalization-110118141038-phpapp02/95/consequences-of-globalization-2-728.jpg)
Someone in Bangladesh making clothes for 10 hours per day earns less in a month than some workers in the U.S. Under the current structure of our planet, impoverished nations with a lower standard of living offer wages that the developed world would find abysmal. When borders become less restrictive around the world, people tend to move to locations where their best opportunities exist. Globalization would also reduce labor exploitation issues. Imagine what we could do if the $1 trillion spent annually on warfare and defense could be used for the global greater good?Ģ. When nations work together to fund common goals, then more money becomes useful for needs other than national defense. The United States, Russia, Canada, Europe, and Japan are all involved in the financing and continued operations of the program. When the first component for the ISS was launched in 1998, five different programs came together to join in ownership, cost, and operations. Compared to the Mir station at $4.2 billion, the price tag is astronomical. The cost to construct the ISS was $150 billion. One of the best examples of globalization within our lifetime is the construction of the International Space Station. Globalization allows us to pool all our resources together. List of the Advantages of Globalizationġ. Travel restrictions dictate where some people can go, and others cannot.Īs the advantages and disadvantages of globalization show, even though progress occurs, we are also taking steps backward. Neighborhoods form around common interests or political perspectives more than our common humanity. That closeness also means that groups of people are further apart than ever before. If you have access to a computer or mobile device with data or an ISP, then you can communicate with anyone else in the world with the same setup. Despite more than 200 countries independently working for their best interests, we all come together in ways to make the world a better place. There are concepts of communication, information access, and technology development to consider when looking at this subject matter too.Įven though the geographic size of our planet remains consistent, how we interact with each other is changing by the minute. Some look at this subject as a way to create a world without national borders. It may refer to the ease in which businesses conduct operations in different countries other than their own. Globalization refers to several different concepts all rolled into one package.