Globalization has many advantages for developing and developed countries. But, this has lead to a great dissatisfaction among the under developed/developing countries. Though Liberalization has many impacts on any country's economy, it has increased the per capita income.

Due to globalization the business market in the world has no boundaries, they can market their products in any part of the world. This has improved the chances of laying hands on global markets & technologies, which would definitely increase our Quality of Living Standards.

But globalization has lead to a major dissatisfaction among under developed/developing countries where they are cut off from the rest of the world. This has also increased the chances of inferiority complex among these nations.

Hi friends
Globalization - Advantages
Some Advantages are

* Increased free trade between nations
* Increased liquidity of capital allowing investors in developed nations to invest in developing nations
* Corporations have greater flexibility to operate across borders
* Global mass media ties the world together
* Increased flow of communications allows vital information to be shared between individuals and corporations around the world
* Greater ease and speed of transportation for goods and people
* Reduction of cultural barriers increases the global village effect
* Spread of democratic ideals to developed nations
* Greater interdependence of nation-states
* Reduction of likelihood of war between developed nations
* Increases in environmental protection in developed nations

Globalization Disadvantages

Some Disadvantages

* Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
* Increased likelihood of economic disruptions in one nation affecting all nations
* Corporate influence of nation-states far exceeds that of civil society organizations and average individuals
* Threat that control of world media by a handful of corporations will limit cultural expression
* Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage
* Greater risk of diseases being transported unintentionally between nations
* Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity
* International bodies like the World Trade Organization infringe on national and individual sovereignty
* Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources
* Decreases in environmental integrity as polluting corporations take & advantage of weak regulatory rules in developing countries

Hello

" Globalization - Advantages & Disadvantages "

The Era of Globalization" is fast becoming the preferred term for describing the current times. Just as the Depression, the Cold War Era, the Space Age, and the Roaring 20's are used to describe particular periods of history; globalization describes the political, economic, and cultural atmosphere of today.

People around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization." These are major advantages of globalization

While some people think of globalization as primarily a synonym for global business, it is much more than that. The same forces that allow businesses to operate as if national borders did not exist also allow social activists, labor organizers, journalists, academics, and many others to work on a global stage.

There is a fundamental problem with globalization, which will cause international tension and trade disputes without arresting the process.

The problem is the irrational nature of the global market, coupled with the extreme vulnerability of the poorest and most marginalized in emerging economies to sudden changes in exchange, interest rates, or big investment decisions. Globalization therefore can sometimes be destabilizing.

Everyone sells when the price is already rock-bottom You can have a bizarre situation where everyone privately thinks that the currency is already too low, but continues to sell hard only because they are certain that everyone else thinks the currency still has further to fall. Rates fall through the floor in a mass wave of panic selling, as dealers dump currency in the near certain knowledge that they can buy it back at a profit in a few minutes, hours or days.

Well it has got tremendous benefits as well as its own pitfalls