Pros and Cons of Globalization Essay Example | Topics and Well Written Essays - 500 words

Pros and Cons of Globalization - Essay patternGlobalization has significantly affected the business concern environment such that the level of interconnectedness or mutuality between different markets has sharply risen. They also believe that the effect globalization has gone beyond the business aspect, since the dramatic increase in international trade and finance has helped establish more profound ethnical exchanges that in turn increased the impact of global issues at the local scale (Waters 2001).Historically, globalization resulted in the faster rate of increase in international trade and flow of capital including foreign rule investment in a country. Furthermore, there is the notable increase in the market share attributed to corporations that obtain established global presence (Computer Desktop Encyclopedia 2005). As globalization progressed, experts also spy that living conditions, as gauged by broader indicators of well-being, have been enhanced in most countries (Glob alization Threat or Opportunity 2000).