The Pros and Cons of globalization

The advantages of globalization:

• Surplus in resources and materials from different coutries can be sold around the world improving the countries economy.
• Consumers have a larger and more varied stock of products to buy for cooking or building or anything.
• New and innovative technologies can be sold to people who need them such as the ablity to purify water or increase the efficiency of crop harvests.
• Companies want to invest in making factories overseas for competitive prices, creating jobs in the choosen country.
• Better interactions and relations between countries that would aid each other in a state of emergency such need in aid or during war.

The disadvantages of globalization:

• In the countries that are still developing, companies can sometimes abuse the workers when they open factories there because they do not have a set nationalized safety standard for workers and for work space.
• Transnational corporations can set up a mining faclity or other activities, such as farming, that strip away the natural resources a location and leave them poorer than before. 
• An economic depression in one of the major countries can have a major effect in others, interdependence bewteen nations.  
• Small local companies are put at risk when competing against large companies that sell their products at much lower prices due to them out sourcing.
• Companies can monopolize a form of product if they can make, transport and sell at the lowest because they are able to make it in different countries for low pay and transport it all around the world.