Advantage And Disadvantage Of Globalization

Globalization can be defined as the growing and development of the world through communication, market connections, technology, planetary awareness, and social and political interdependencies. Global relationships, international trade, and diverse cultures have dispersed throughout the world. Effects of globalization have impacted international aspects such as history, geography, anthropology, economics, and politics. Within these five disciplines, there are advantages as well as disadvantages to globalization. History can be related to and effected by the advantages and disadvantages of globalization. The key assumption of history is that people use the past to understand who they are, and to explain and interpret current events (Anderson, 467). An advantage of globalization related to history is that people can use the past to advance further into globalization and use those aspects to interpret goals and objectives. A disadvantage is that there are events and goals that have not happened yet so it is sometimes difficult to determine those future globalization goals. Another discipline, geography, is also related to and effected by the benefits and consequences of globalization. From geography, we can infer that people live in and interact with their surroundings and land features within their environment. Benefits of …show more content…
The key assumption of economics is that all societies must transform nature through labor into goods that they can exchange or consume (Anderson, 467). Advantages of globalization that concern economics include ease of restrictions on trade, free movement of goods and services, and maximized economic efficiency and profits. Education and employment opportunities are advantages as well. A common disadvantage of globalization effecting the economy is that it is making the rich richer and the poor poorer (“Globalization,”