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What have been the costs and benefits of globalization for the world economy and the lives of workers since 1900?
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19 votes
19 votes
What have been the costs and benefits of globalization for the world

economy and the lives of workers since 1900?

User Fred Laurent
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1 Answer

23 votes
23 votes

Step-by-step explanation:

Summary of costs/benefitsBenefitsCostsLower prices/ greater choiceStructural unemploymentEconomies of scale – lower pricesEnvironmental costsIncreased global investmentTax competition and avoidanceFree movement of labourBrain drain from some countriesMay reduce global inequalityLess cultural diversity

User Raphael Fernandes
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