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Globalization: Good or bad? (1 viewing) (1) Guest
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TOPIC: Globalization: Good or bad?
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pokkha (User)
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graphgraph
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Globalization: Good or bad? 1 Year, 4 Months ago Karma: 6  
I shared an article from BBC News website about globalization shaking the world.

It outlined the key trends that have been shaping global economy. They are:

* Lower wages for workers, and higher profits, in Western economies
* The flood of migrants to cities in poor countries
* Low inflation and low interest rates despite strong growth

China and India are leading the pack of emerging economies. Primarily because of their size and number. In the Philippines, the effects of globalization has long been felt. China-made products are everywhere. And they come cheap and massive. As consequence, many manufacturing companies have shut down operations because local market has shifted their choices to the imported and comparatively inexpensive.

On the other hand, globalization sets a benchmark for locally made products to become world class and export quality because competition has cross bordered from local to global.

Who else are the losers and winners of globalization? Share them here.
 
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