'Evaluate the Advantages and Disadvantages of Globalisation around the World'

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‘Evaluate the Advantages and Disadvantages of Globalisation around the World’

In this Essay I will evaluate the advantages and disadvantages of Globalisation around the World. I will also say what Globalisation is, and also give my opinion on Globalisation and TNC’s.

Globalisation is basically the concept of spreading a company around the world, for example Nike it started in one country then they spread to other countries and soon the demand grew larger and they had to built factories all over the world to meet that demand. Some people may like this idea as they make money out of this, but some may disagree and not like this idea like workers in poor countries (LEDC’s) as they are getting ripped off by the company which they work for.

There are some groups who may think Globalisation is a bad thing but there are many groups who think Globalisation is a great thing. The most well known of these groups are Transnational Companies (TNC’s), LEDC Governments, MEDC Governments, Workers around the world, Economists and The World Trade Organisation.

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TNC’s think Globalisation is a good thing because the workers are cheap in LEDC’s to work in their factories, which means more profit is made and this also causes their market grow larger. LEDC Governments also say Globalisation is a good thing as the TNC’s give their people jobs and wages which will help their economy. They also need this to export resources, which they couldn’t do before. MEDC Governments are also in favour of Globalisation as they like to see their companies doing good business overseas. It spreads the country’s influence. When the TNC’s come here the MEDC’s get ...

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