Impacts of Globalization

Még több ilyen

"Obscene gap between rich and poor, says Oxfam Article"

Szerző: PB - 09ZZ 702740 Fletchers Meadow SS

Globalization Positive and Negative Impacts

Szerző: PG - 12BT 626894 Chinguacousy SS

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Szerző: Thirusha Murugadass

Sociology Mind Map

Szerző: Andy Wood

Impacts of Globalization

Negative Impacts

If an economy has a downfall or struggle, then it will effect the entire global economy

Cultural Homogenization {meaning loss of cultual diversity)

Inequality

Unemployment

They also have been accused of not caring for the environment

Multi-nations like Coco Cola, Nike have been accused of unfair working conditions and social justice

Multi-nations

Positive Impacts

With competition, companies tend to look for better ways than there competitor to market their product.

Anytime their is competition in the market that is a good sign for consumers because it mean that the quality of the goods/services is valuable.

Increased Competition

There is an equilibrium between what buyer are willing pay for a good/services and what sellers are willing to sell for a good/services

Some markets lower their selling price which results in increased demand and affordability

Efficient Markets