Impacts of Globalization

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Impacts of Globalization

Negative Impacts

Outsourcing

No side benefits from outsourcing as the developed countries lose the jobs done by their own citizens and the workers in developing countries are paid significantly less and work in hostile conditions.

Americanization

Many developing countries acknowledge globalization as "Americanization" and puts the developing countries at risk of losing control of their identity.

Positive Impacts

Lower Product Costs

Companies may find more cost-effective ways to manufacture their goods due to globalization.

Cultural Accessibility

Globalization has made international culture, such as food, movies, music, and art, more accessible than ever before.