Discussion on the advantages and disadvantages of economic globalization At present, economy globalization, which can be defined as the expanding world integration through trade, financial flow and knowledge, has significant effect on developed and developing countries. We are living in a world.
There are also some advantages and disadvantages in economic growth. First advantage of economic development is improvement in living standard. This implies, the rate of poverty will certainly reduce. Second, it'll raise the rate of job. So, more and more people will receive a job. Third, it will increase in capital investment.