Pros and Cons about Globalization

GLOBALIZATION

  Pros                                                     Cons

The proponent of global free trade say globalization promotes most effective global economic growth, creates jobs, makes competition among companies.	The general complaint is that globalization had made rich richer and non-rich poorer.
Because of globalization there are worldwide market for companies and consumers to access products from different countries.	Multinational corporations are accused of social injustice, unfair working conditions as well as poor environment, mismanagement, ecological damage.
There is more influx of information between companies from different countries	Many people are worried that corporation are ruling the world because they gain power through globalization.
Through globalization, each countries can share their cultures.	Anti-globalists claim that globalization makes companies to earn money without using enough efforts.
Because of globalization, people who works internationally will not be considered as aliens.	Anti-globalists also claims that globalization is not working for majority of the world, riches 20% of the world’s population consume 86% of world’s resources and poorest 80% consume just 14%.