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holesstanham

There are many ways in which globalization affects the lives of people around the world. I will mention some of the good consequences of it, as well as some of the bad ones.

Pros:

  • Globalization has made transportation and communication much faster and efficient.
  • Globalization has raised the standards of living of many people in developing countries.
  • Globalization has made travelling easier, which is good both for travellers and for those who depend on tourism for their subsistence.
  • Globalization has made different cultures and ways of living accessible to the average person.
  • Globalization encourages the exchange of ideas.

Cons:

  • Globalization has often meant "westernization," which means that Western values are imposed everywhere.
  • Because of the process of westernization, cultures have often been affected or diluted.
  • Traditional ways of eating have changed, and fast food has increased, which has worsen the health of people all over the world.
  • Globalization has made competition in the global markets extremely difficult for poor or small countries.
  • Globalization has brought problems of immigration in many areas.
dubeyshailja64

Globalization has affected the lives of people around the world in many ways. It changed their standards of living, their income has increased, they have many choices for a single good, job and growth opportunities has increased.

But globalization has came up with many disadvantages too. The domestic producers have lost their business, less profits, cultural loss and so on.

What is globalization?

Globalization can be simply defined as interconnection between people and businesses across the world.  It lead to integration of global culture, politics and economies.

Globalization affects businesses and people in many positive and negative ways. Some of them are, increased market scope, increased job opportunities, vast choices, loss of cultural values, etc.

Hence globalization has its impacts on the lives of people in several ways.

Learn more about globalization here:

https://brainly.com/question/16953231

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