PROS:
CONS:
Globalization creates cultural intermingling, thus
making people from different country learn more
about other country’s cultures.
Multi-national corporations have the capability to
take advantage the tax havens in other nations/
countries to prevent paying of taxes.
Partition of technology with other developing
countries will benefit every nations’ progress.
Globalization makes the rich richer, makes the
non-rich poorer.
Products that are manufactured from other nation
will have increased of taxes (VATs)- Protecting
the country’s local businesses and also allocating
funds from the taxes of imported products.
Globalization made imported products from other
countries expensive by adding taxes (VATs)
which are high as 21.6% in some country.
Globalization enables worldwide market for
companies and buyers who have access to
products/ items from different countries.
ANALYSIS:
Cultural Intermingling is a positive result of
globalization because it unites people from
different nations- Thus, promoting diversity and
love. It also affects business companies,
producing great talents from other nations as well
as communicating with them.
The partition of technology is also considered a
benefit due to the fact that developing countries
will have the opportunity to improve their nation
by helping one another.
Imported products are greatly taxed (VATs) but
it does not mean that it is a negative effect of
globalization, this is only an act of protection of
the nation’s local businesses, to promote and
support their own products more. The allocated
taxes are also used for the government’s projects
in the country, improving the lives of its
communities and the country itself.
Because of globalization, consumers now have
access to different market companies around the
world, it is good for the country for it enables easy
access to worldwide markets- making it
convenient for the buyers.
There are only 3 cons because globalization- so
far, has improved the nations in so many ways. It
is effective yes, but it is not perfect. Flaws such
as VATs, tax exploit, are common problems
when it comes to globalization. It is killing small
corporations by adding high amount of taxes on
their products. It also affects the consumers due
to the fact that an item that is manufactured from
America is 21% more expensive when launched
from other regions. This makes the poor even
poorer, and the rich even richer. Globalization
also creates abusive multi-national corporations,
letting them take advantage of tax havens to avoid
paying of taxes.
In conclusion, there are more pros than cons,
because when you look at the state of the
countries affected by globalization, you will
realize that there are improvements over the last
years or so. Globalization is efficient but it is
flawed. With giant companies abusing their
ability to avoid paying taxes, countries that puts
huge amount of taxes on imported products, you
can clearly tell that it is far from perfect, but it
helps the world grow, improve, and develop by
uniting and enabling countries to share their
knowledge to the world.