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ongoing process that involves interconnected changes in the economic, cultural, 8. Cheaper products
social and political spheres of society
DISADVANTAGES OF GLOBALIZATION
it involves the ever-increasing integration of these aspects between nations,
regions, communities and even seemingly isolated places. 1. Outsourcing of services to other countries
also refers to a multidimensional set of social processes that create, multiply ,
2. Possible increase of unemployment-machines and technology
stretch and intensify worldwide social interdependencies and exchanges while
at the same time fostering in people a growing awareness of deepening 3. Closure of small business
connections between the local and the distant.
4. Degradation of environment- scarcity of resources
QUALITIES AND CHARACTERISTICS OF GLOBALIZATION
(HELD AND MC GREW, 2002) 5. Conflict between and among countries