The document presents the advantages and disadvantages of globalization, highlighting benefits such as cheaper prices, increased competition, and cultural exchange, while also noting drawbacks like cultural homogenization and the power imbalance between multinational companies and local governments. It discusses economic and political implications, including the risk of diminished state sovereignty and challenges in international coordination. Overall, it emphasizes the complex impacts of globalization on various facets of society.

1. GLOBALIZATION
PROS & CONS
Presented By Amna Nawazish(49313) BSSE

3. PROS
 Cheaper prices for products and
services.
 Better availability of products and
services.
 Increased Competition.
 Products and retailers can diversify
their markets and contribute to
economic growth.
 Some countries struggle to compete.
 Extract behavior of some foreign
companies and investor.
 Problems of “social dumping”.
 “Contagion effects” is most likely in
times of crises.
 Strong bargaining power of
multinational companies vis-à-vis
local governments.
ECONOMIC
CONS

5.  Access to new cultural products.
 Better understanding of foreign
values and attitudes. Less stereotypes
and misconceptions about other
people and cultures.
 Capacity to communicate and defend
one’s values and ideas globally.
 Instant access to information from
anywhere in the world.
 Dangers of cultural homogenization
 Some small cultures may lose their
distinct features.
 Spread of community-based
consumer culture.
 Westernization, cultural imperialism
or cultural colonialism
PROS
CULTURAL
CONS

6. POLITICAL

7.  Access to international aid and
support.
 It contributes to world peace. It
reduces risk of invasion, more checks
to big power and limitation to
nationalism.
 Smaller countries can work together
and gain more influence
internationality.
 Governments can learn from each
other.
 State sovereignty is reduced .
 Big countries can shape decision in
supranational organizations.
 Some countries can veto decisions
slow down decision making
processes.
 Coordination is difficult and
expensive.
PROS
POLITICALS
CONS