what are the advantages of globalization?

[MonMon]

ok, so the teacher was telling us the disadvantages of globalization then i went to an argument with her about her censoring the advantages of globalization so now I have to list 12 points about the advantages of globalization.

[Sam]

so find out and let us know

[Will H]

1. Peaceful Relations
Most of the countries have resorted to trade relations with each other in order to boost their economy, leaving behind any bitter past experiences if any. Nations now try to raise capital and fortify their stand in international trade, rather than hosting a war.

2. Free Trade
Free trade is a policy in which a country does not levy taxes, duties, subsidies or quota on the import/export of goods or services from other countries. There are countries which have resolved to free trade in specific regions.

3. Global Connectivity
Globalization has promoted international connectivity. With the use of the Internet, the world has definitely become a smaller place.

4. New Markets
The opportunities for new markets has increased dramatically. Numerous companies have started investing in different countries and luring customers for their brands.

5. Employment Opportunities
One of the most advantageous factors of globalization is that it fosters the generation of employment. By providing employment, globalization helps in increasing the standard of living of the people, and also reduces poverty.

6. Quality Products
The competition among different companies finds place at an international level. It becomes important for the companies to focus on quality goods and services, in order to have a strong foothold in the market. The consumer is benefited in the process, and gets quality products at cheaper rates.

7. Environmental Protection
Mutual trade carried out by countries has brought about an understanding for the protection of the environment from which they benefit so much. It has been accepted by most countries that action needs to be taken in saving natural resources and wildlife, without thinking about the boundaries that separate them.

8. Good for Developing Nations
It is claimed that globalization increases the economic prosperity of developing nations. Developed countries invest in such countries with an aim of capturing new markets, which helps them improve their infrastructure and technologies to international levels.

9. Equality for All
Globalization has helped in creating international criminal courts, and international justice movements are also launched to provide justice to people at a global level. Disputes are solved through global standards such as patents, copyright laws, and world trade agreements.

10. Ease of Transportation
With the advent of globalization, there has been an immense increase in the transportation of goods and services worldwide. Things which took weeks for conveyance, can now easily be availed within a couple of days.

11. Travel and Tourism
Globalization has promoted tourism to great heights. There are many places that have tourism as their main source of capital generation. International trade among different countries also helps in increasing the number of tourists that visit different places around the world.

12. Unity in Diversity
Globalization has helped in bringing about integrity and social understanding everywhere. The dream for a global village becomes realistic after looking at the impact of globalization.

13. External Borrowing
It has often been seen that a poor country is unable to provide adequate financing to its companies, which proves to an obstacle in the development of the country on the whole. With the help of globalization, there is opportunity for corporate, national, and sub-national borrowers to have better access to external finance, with facilities such as external commercial borrowing and syndicated loans.