Pros and cons of globalization

Globalization, the process by which businesses or other organizations develop international influence or start operating on an international scale. Running an international business, it may seem like a great benefit, but there also comes responsibilities (kind of like bills) with going international. Tariffs, security, geographies, international trade, these are some on the things you have to be prepared for when you decide to take your business international.

Like the photo shows, there are great benefits that come with globalization; like free trade, culture, technology, integration of economics and better communication. Free trade gives countries who are apart of it, the opportunity to expand and develop their country and ours too. Capitalism can be a good thing, but it can also be a bad thing because it can turn into a Monopoly, which is against anti-trust laws.

There are all several greats reasons why people would be for globalization, but there are also several other negative opinions too.


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