Pros and Cons of Globalization

Pros	Cons
Globalization gives access to free trade among countries to promote global economic growth, creates jobs, and lowering prices for the consumers due to competition.	Globalization has made the poor poorer, but then making the rich richer. For example, multinational corporations are mostly for the richer because the poor cannot access the products and services that multinational corporations offer.
Globalization gives access to products that are foreign. For example, People in America uses Samsung phone which is made in Korea, riding a Mercedes which is from Germany wearing Breitling watch made in Switzerland.	Multinational corporations which play a great part of the globalization do not provide good working conditions for workers abroad. For example, Nike was accused by people for utilizing child labor because of cheap labor.
People get to travel, send information, and communicate at the vast amount of speed. Before people took weeks to go to Korea from the Philippines, but now it only takes four hours by flying. The mail took days or weeks to arrive, but now it only takes a second to send via e-mail.	The multinational corporations not only play in economy of the world, it also plays in politics of the world. Instances like, Samsung plays a role in Korean politics even with slightest decisions.
There is culture intermingling which means other people can learn other countries culture. Since the world is shrinking, people can travel places to place fairly quickly compared to 1900`s. So it is easy for Americans to go to Japan and learn their culture to eat sashimi and wearing kimono.	Although there are plenty of job opportunities, they might have to live with the fear of losing job any second. Multinational corporations may have a production sector in a developing country. Once, they have maximized the countries resources, they would leave the country leaving all the workers in the town.
Since a corporation may damage some aspects of a country, the government and the corporation may work out if there are any problems in the country whether it is environmental, social, political, or economical.	Through globalization, the term imperialism reappeared. The multinational companies are ruling over some underdeveloped countries to use the resources and even have a political control over the host nation.