Knowee
Questions
Features
Study Tools

Which result is a positive aspect of globalization?

Question

Which result is a positive aspect of globalization?

🧐 Not the exact question you are looking for?Go ask a question

Solution

Globalization has several positive aspects, and one of the key positive outcomes is the increased economic growth and development it can bring to countries. Here are some specific positive aspects:

  1. Economic Growth: Globalization can lead to increased trade and investment, which can boost economic growth and development in participating countries.

  2. Access to Markets: It provides businesses with access to larger markets, allowing them to expand their customer base and increase sales.

  3. Cultural Exchange: Globalization facilitates cultural exchange and understanding, promoting diversity and tolerance.

  4. Technology and Innovation: It encourages the spread of technology and innovation, as countries and companies share knowledge and advancements.

  5. Improved Standards of Living: By increasing economic opportunities and access to goods and services, globalization can improve standards of living.

  6. Job Creation: It can create jobs by opening new markets and increasing demand for goods and services.

Final Answer: One positive aspect of globalization is increased economic growth and development.

This problem has been solved

Similar Questions

Is globalization good or bad? Explain your answer through the point of view of both Hyper globalists and skeptical internationalists. 15 marks

Is globalization a force for good or bad? You need to evaluate on the social, economic and cultural impact of globalization.

‘Globalisation has a positive impact on developing societies.’ Evaluate this view.

Discuss the different parameters of globalization and its implications on global development.

Businesses can use globalization to their advantage by?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.