'Is Globalisation beneficial for all parties?'

Yes:

  • A greater variety of goods and services offered to consumers, this involves goods and services that may not be offered usually in the country of the consumer 

  • Greater flow of information, technology and ideas which means that there is less disparity in living standards between nations

No:

  • Large MNC's can take advantage of lack of workers' rights and high unemployment rates in poor countries, making them work for obscenely low wages

  • Cultural identity is slowly being eroded away, there is a McDonalds on every corner you turn

NM
Answered by Naim M. Economics tutor

2166 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain, using a diagram, the effects of the monopolisation of a perfectly competitive market.


Brainstorm whether the NHS is an example of Government failure


Please explain what price elasticity of demand is, in the context of simple supply and demand of a good in a competitive market.


What conflicts between macroeconomics objectives may occur in an economy?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning