Pros and Cons of Globalization

PROS	CONS
Globalization is can help the economy by providing more job opportunities for the people. By providing more job opportunities it helps improve the economy and the livelihood of the people. This happens when people from LEDC's go to MEDC's to work. The economy gains from this because of the remittances.	Many times the workers in the MEDC's lose their jobs to the people from LEDC's. The presence of overseas workers reduces the amount of job opportunities for the people from the MEDC's. By having less job opportunities, it will hurt their economy.
Companies are able to work together, which increases productivity. This can benefit the companies because they can get more ideas from different perspectives.	If there are so many different opinions and ideas being presented then the company may have a problem in making decisions because of the presence of so many viewpoints.
People are able to connect with one another through the internet and other forms of communication. The sharing of ideas and knowledge can be made easier.	The accessibility to connection through the internet can be a negative because it opens the door to cyber bullying and online stalking. This could be dangerous to the emotional and maybe even the physical health of the people(suicides due to cyber bullying). It also makes it more difficult to protect information when it is put online.
Globalization has made countries more open to foreigners and tourists. This is good because it promotes diversity and the sharing of cultures. Because countries are becoming more open it also makes it easier to travel.	By letting foreigners and tourists in, the country is risking bringing in viruses and diseases from other regions to their country. Such diseases are H1N1, Swine Flu and HIV.