Pros and Cons of Globalization.doc - Pros and Cons of...

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Pros and Cons of Globalization Globalization has helped to boost education, technology, competition, employment, culture as well as investments. However, there are some problems related to globalization such as erosion of some cultures and greater competition for companies (Raynolds & Greenfield, 2015). Moreover, developed nations dominate global trade at the expense of the developing nations. Improvement of the global economy is one of the major benefit of globalization. With the help of technology, companies can reach any market across the world. The concept makes people and industries to have an access to international sale and business. Apart from that, globalization expands people’s knowledge regarding foreign cultures. People from all over the world can now communicate freely with one another (Raynolds & Greenfield, 2015). Through the interactions, it is possible to break down cultural barriers that have hurt the integration of countries for many years. In fact, the main aim of
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Christopher Reinemann
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