Wednesday, February 10, 2010

Globalization

Definition:
Something that is representated all around the world and that helped people about different livestyles

Pros:
  • Productivity grows more quickly
  • Living standars can go up faster
  • Cheap imports keep a lid on prices
  • Export job pay more than other job

Cons:

  • Lost of jobs due to imports
  • Lost of jobs especially due to companies under competitive presure

http://www.businessweek.com/2000/00_17/b3678003.htm

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