Answers:
Advantages of globalization
- Movement of capital: It has
been seen that foreign capital flows in the form of Foreign Direct
Investment (FDI) and Foreign Institutional/Portfolio Investments (FIIs)
play a very important role in the development of an economy by enhancing
the production base of a developing economy especially.
- Trade in goods and services:
Globalization helps in the growth of emerging economies by facilitating
international trade in goods and services.
Disadvantages
of globalization
- Many studies released by UNDP revealed that it has increased the
disparities between the developed and developing countries, thus
increasing the gap between the rich and the poor.
- Unequal distribution of
international trade gains is another disadvantage of globalization.
Various studies conducted in the past have proved that there is a cost to
this globalization