Pros and Cons of Globalization

Pros	Cons
Sharing information and technology allows the less developed countries develop at the same speed as the developed nations.	Many people from the developed nations are losing their jobs because the corporations move out to other countries to find cheaper work force. European factory workers lose their jobs because the corporation set up factories in china or other African countries to take advantage of the cheap work force.
Worldwide market allows people to get easy access to goods from different countries. (Samsung in Philippines)	Psychological threat is given to the workers in developed nations because they have to suffer from the threat that they could be fired from the job at any time.
Culture of different countries is shared and many countries learn the culture of different countries. This increases the understanding between countries and people. (Pandesal patty in MacDonald in the Philippines.)	There is a threat that the corporation could rule the world because they have so much money and power. Some companies are richer then countries.
With the frequent interaction with people from different areas, socially people become more open and tolerant. People from other countries become easier to approach.	The globalization could lead to lose of culture because most of the companies come in to companies with western ideas. People start to learn and cope with the eastern culture and this could lead to losing one’s unique culture.
Companies get wider range of customers since their products can easily be sold at different countries. (McDonald, Guess, Gucci)	Since it is easy to move from different areas, the risk of communicable disease increases. This is the reason why airports have fever detecting sites when people arrive to different countries. Spread of disease became easier.