Pros & cons of globalization,ecnomically pros & cons globalization ,cultural pros & cons of globalization,political pros & cons of globalization

1. GLOBALIZATION
PROS & CONS
Presented By Amna Nawazish(49313) BSSE

3. PROS
 Cheaper prices for products and
services.
 Better availability of products and
services.
 Increased Competition.
 Products and retailers can diversify
their markets and contribute to
economic growth.
 Some countries struggle to compete.
 Extract behavior of some foreign
companies and investor.
 Problems of “social dumping”.
 “Contagion effects” is most likely in
times of crises.
 Strong bargaining power of
multinational companies vis-à-vis
local governments.
ECONOMIC
CONS

5.  Access to new cultural products.
 Better understanding of foreign
values and attitudes. Less stereotypes
and misconceptions about other
people and cultures.
 Capacity to communicate and defend
one’s values and ideas globally.
 Instant access to information from
anywhere in the world.
 Dangers of cultural homogenization
 Some small cultures may lose their
distinct features.
 Spread of community-based
consumer culture.
 Westernization, cultural imperialism
or cultural colonialism
PROS
CULTURAL
CONS

6. POLITICAL

7.  Access to international aid and
support.
 It contributes to world peace. It
reduces risk of invasion, more checks
to big power and limitation to
nationalism.
 Smaller countries can work together
and gain more influence
internationality.
 Governments can learn from each
other.
 State sovereignty is reduced .
 Big countries can shape decision in
supranational organizations.
 Some countries can veto decisions
slow down decision making
processes.
 Coordination is difficult and
expensive.
PROS
POLITICALS
CONS