'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
Answered by Naim M. Economics tutor

2282 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Discuss the macroeconomic impacts of deflation on an economy.


Discuss the view that falling unemployment will inevitably lead to trade-offs with other macroeconomic policy objectives


Evaluate the view that mergers always result in a lessening of competition


What is GDP and is it a useful indicator to measure the standard of living?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning