GLOBALIZATION GOOD OR BAD?

YES!

DEFINITION

• Removal of trade boundaries so
• Different countries can
• Interact with each other

TRADE

• Because the countries have fewer boundaries, they trade more
• Easier to trade with other countries
• The USA is expanding: exports and imports frok other countires
• For example, the EU's counties within that united group trade with one another

CHEAPER LABOUR/PRODUCTS

• Expanding multinational corporations globally can result for cheaper labour in other countries
• Thus, we are spending less on labour and materials needed for the business
• For example, Converse used to be made in the US, but now are also made in China because it is cheaper labour

MORE JOBS

• There will be lots of jobs for s company in the US, and many people from other countries will
• work for low wages making the US business mire successful
• For example, US converse factories expanding out to Asian countries. Lots of factories opened and many were willing to work for low wages
• Expanding globally: more jobs in other countries = that country has peaceful outcomes/feelings for you

PEACE

• If you trade and/or do business with another country, chances are you have mutual respect
• Trading and expanding with other countries can potentially bring about less war and conflict