Globalization: A pro or a con???

Globalization is the system of interaction among the countries of the world in order to develop the global economy. Is it more of a benefit or is it more of a disadvantage? Here are some of the main pros and cons of globalization:

Pros of globalization:

·        Productivity grows more quickly

·        Innovative ideas are created

·        People start to see different cultures through the items traded

·        Better technology

Cons of globalization:

·        Countries start to lose their culture

·        High unemployment

·        More competition can rise which can lead to a war

·        Recession occurs

So as we can see, globalization affects us in both good and bad ways. Globalization has a bad effect on poor countries and it can cause those countries to become poorer because they are trying to be competitive with other countries. Maybe we shouldn’t see globalization as a good thing at all but it does have a lot of good things to contribute.