Impacts of Globalization

Positive Impacts

Efficient Markets

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

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

Increased Competition

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.

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

Negative Impacts

Multi-nations

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

They also have been accused of not caring for the environment

Unemployment

Inequality

Cultural Homogenization {meaning loss of cultual diversity)

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