![]() Transnational companies investing in installing plants in other countries provide employment for the people in those countries often getting them out of poverty. True for small countries but stealing our technologies and IP have become a big problem with our larger competitors like China.ġ5. Sharing technology with developing nations will help them progress. True, but this can cause problems with the existing labor and downward pressure on wages.ġ4. Labor can move from country to country to market their skills. Most people see speedy travel, mass communications and quick dissemination of information through the Internet as benefits of globalization. Socially we have become more open and tolerant towards each other and people who live in the other part of the world are not considered aliens. – True, they are talking more than trying.ġ1. Since we share financial interests, corporations and governments are trying to sort out ecological problems for each other. ![]() There is cultural intermingling and each country is learning more about other cultures. There is more influx of information between two countries, which do not have anything in common between them. This is simply a romanticized view of what is actually happening. ![]() Politics is merging and decisions that are being taken are actually beneficial for people all over the world. Gradually there is a world power that is being created instead of compartmentalized power sectors. ![]()
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