Globalization. Disadvantages

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
As everything in this world globalization has its prons and cons. That’s the reason why people nowadays debate whether globalization is good or bad.
That’s the topic we really need to discuss.

Creates working places
Improves access to technology
Promotes peace
Improves productivity
Competition between countries is supposed to drive prices down
Provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically
Access to products of different countries
Cultural intermingling and each country is learning more about other cultures
Corporations and governments are trying to sort out problems for each other
Labor can move from country to country to market their skills
Gives companies the opportunity to produce everything cheaper.
Advantages of globalization

Disadvantages
The rich richer while making the non-rich poorer
Jobs are lost and transferred to lower cost countries
Workers in developed countries face pay-cut demands from employers who threaten to export jobs
Large multi-national corporations have the ability to exploit tax havens in other countries to avoid paying taxes
Lack of concern for environment, mismanagement of natural resources, and ecological damage
Multinational corporations influence political decisions
Leads to the incursion of communicable diseases
Social welfare schemes or “safety nets” are under great pressure in developed countries because of deficits, job losses, and other economic ramifications of globalization
Merger of cultures of small countries