'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

2141 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Why does profit maximisation occur where MR=MC?


How can I effectively use graphs in my essay?


A new technology revolutionises (e.g. the internet). How will the following changes affect the national economy?


Amazon currently sells 100 000 copies per year of an e-book at $14.99. The company estimates that customers would buy 174 000 copies of the same e-book at a price of $9.99. What is the effect on Price elasticity of Demand and Total


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