Merits of Globalization:
- Assets of distinct nations are utilized for producing goods and services they are adept to do most effectively.
- Consumers to get much wider variety of products to select from.
- Consumers get the merchandise they desire at more comparable charges.
- Companies are adept to procure input items and services needed at most comparable charges.
- Businesses get get access to much broader markets
- It promotes understanding and generosity among different nations.
- Enterprises and investors get much broader possibilities for buying into.
- Adverse impact of fluctuations in agricultural productions in one locality can be reduced by pooling of production of distinct localities.
Demerits of Globalization:
- Evolved countries can stifle development of undeveloped and under-developed nations.
- Financial despondency in one homeland can trigger harmful reaction across the globe.
- It can increase disperse of communicable infections.
- Companies face much larger competition. This can put lesser companies, at a handicap as they do not have assets to contend at international scale.
