Globalization Assignment Example | Topics and Well Written Essays - 500 words - 3

internationalisation - Assignment ExampleThe purpose of this paper is to describe the advantages and disadvantages of the globalization movement.The globalization movement has brought had a positive impact on society. It has tremendously increased the trade to goods and function worldwide. One of the nations that has benefited the most from globalization is China. China is the biggest exporter of goods worldwide. Chinas exports totaled $2.057 trillion in 2012 (Mapsofworld, 2014). The prices of goods view dropped down due to globalization. The globalization movement has forced countries to specialize in certain goods in which a nation holds a competitive advantage. For example Japan specializes in technological products, while other nations much(prenominal) as India and China specialize in labor intensive industries such as the textile diligence in which companies take advantage of the low labor costs associated with doing business in these nations. Globalization has in like m anner had a positive effect on the humanitarian efforts of society. A lot more money is been invested in developing countries such as Africa in order to help these people increase their standard of living. boilersuit the standard of living of everyone around the world has increased as a direct consequence of globalization. matter boundaries have been broken for international commerce due to the many trade agreements that exists around the world such as the NAFTA, European Union, and MERCOSUR. Countries that in the past did not have access to capital have benefited from international direct investment (FDI) and from the ability to raise capital through equity markets such as NYSE, NASDAQ, and the capital of the United Kingdom Stock Exchange among others.Despite the many benefits that globalization has had on our society it also has many cons. Globalization has not helped decrease the income disparity in the world. The top 5% richest members of society hold 70% of the global