Some argue that globalization is a positive development as it will give rise to new industries and more jobs in developing countries. Others say globalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do.
It has had a few adverse effects on developed countries. Some adverse consequences of globalization include terrorism, job insecurity, currency fluctuation, and price instability.
Explanation:
Positive effects of globalization for developing country business
it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world.
this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export markets.
Answers & Comments
Answer:
Some argue that globalization is a positive development as it will give rise to new industries and more jobs in developing countries. Others say globalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do.
Answer:
What is the negative effect of globalization?
It has had a few adverse effects on developed countries. Some adverse consequences of globalization include terrorism, job insecurity, currency fluctuation, and price instability.
Explanation:
Positive effects of globalization for developing country business
it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world.
this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export markets.