'Is Globalisation beneficial for all parties?'

Yes:

  • A greater variety of goods and services offered to consumers, this involves goods and services that may not be offered usually in the country of the consumer 

  • Greater flow of information, technology and ideas which means that there is less disparity in living standards between nations

No:

  • Large MNC's can take advantage of lack of workers' rights and high unemployment rates in poor countries, making them work for obscenely low wages

  • Cultural identity is slowly being eroded away, there is a McDonalds on every corner you turn

NM

Related Economics A Level answers

All answers ▸

Why cannot firms in perfect competition sustain supernormal profits in the long run?


Evaluate the micro and macroeconomic effects of the UK leaving the EU Single Market.


What would be effect on the price of oil due to an increase in cars used in the UK


How does an increase in investment affect the economy?