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Answer:
GLOBALIZATION ADVANTAGES:
Globalization creates jobs
Economic liberalization has made it easier for companies to relocate, allowing them to rapidly scale up and create new jobs.
Globalization has lowered prices
The free movement of goods and people has brought overheads down and allowed companies to sell products more cheaply.
Globalization has improved access to technology
In a hyper-connected world, new technologies spread faster between markets.
Globalization promotes peace
The deeper the economic ties between nations, the greater the incentive to avoid conflict
Globalization improves productivity
Globalization improves domestic productivity by expanding knowledge. Allowing foreign imports increases competition, which forces innovation in order for companies to stay in demand.
GLOBALIZATION DISADVANTAGES:
Globalization fuels inequality
Globalization makes the rich richer and the poor poorer.
Globalization leads to reduced public revenues
The free movement of labor allows companies to easily relocate to tax havens.
Globalization creates a race to the bottom
Globalization increases international competition which creates a race to the bottom.
Globalization leaves us vulnerable to infectious diseases
In a hyper-connected world, infectious diseases can spread more rapidly, increasing the likelihood of an international pandemic.
Globalization destroys the environment
Globalization introduces an economic model that is incompatible with environmental protection.
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