Globalization : good or bad? Victoria Yurlova

Where globalization means, as it so often does, that the rich

The shift toward a more integrated and interdependent world economy
Two

Vizio flat panel TV is
designed in a small office in

In the past, each country had its own companies in many

Two factors underlie globalization
“Decline in barriers to the free flow of

During the 1920s and ‘30s, many of nations erected formidable barriers

Affects of Lowering Trade Barriers

Lowering of trade barriers made globalization possible.
Technology has made it a

Pros
Lower prices for goods and services
Economic growth
Increase in consumer income
Creates jobs