Question

What are the pros and cons of globalization

Answer 1

The opening of new markets and the resulting growth in trade opportunities for some nations and companies is a benefit of free trade.

However, free trade and globalization open national economies up to the risks of the global economy. The risks include competition from cheap, foreign labor and being linked to foreign economies that might falter.

Explanation: edmentum sample answer

Answer 2

Globalization is a complicated issue. It is necessary to evaluate the pros and cons before drawing any conclusions. ... The proponents say globalization represents free trade which promotes global economic growth; creates jobs, makes companies more competitive, and lowers prices for consumers. 3.