Research Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations Globalization has affected nearly every aspect of modern life it is

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Research Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations Globalization has affected nearly every aspect of modern life it is has the potential for both positive and negative effects on development and health in economic terms. It describes an interdependence of nations around the globe fostered through free trade.

The advantages include a number of factors which are education, trade, technology, competition and culture.

Globalization has increased free trade between countries. The increases capital liquidity has allowed investors in well developed nations to invest in developing countries. Huge corporations from developed nations have great flexibility to operate in other countries.

Globalization has given non - English speaking countries the opportunity to learn English speaking. More and more schools teach their students how to speak this global language in developing nations. Globalization can bring good and bad effect on developing countries.

Developing able to reduce the amount of population that live below the poverty level with the help of globalization as the effect of job creation has been achieved. Local citizens are able to get a job and ensure the survival of their family and improve their living standard.

globalization can also bring negative impact to developing country. Certain MNCs transfer their technology to developing country as those technologies might cause health problem to employees as well as local citizens.

In developing nations, local businesses and brands can go bankrupt as large corporations in developed nations can dominate their country's economy. Local cultures and traditions may change. People may no longer wear their cultural costumes in poor counties.

Corrections · 1

Globalization increases of non-skilled and skilled jobs from developing nations to well developed countries as huge corporations seek for cheap labor. This economic trend can also increase the likelihood of economic disrupt in a single nations, which could affect all nations. In conclusion, the globalization process may have lost trust from many who had their expectations high, but that does not mean that it failed in its basic purpose - global connection and progress of mankind. It just means that some things have to be changed and its flaws fixed so that it can really reach its full potential.

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