Globalization I Pro Ease of travel for corporations to get anywhere Spread of health care Interdependence leads to peace Sharing of technology Spread of wealth Con Expansion of terrorism Spread of disease and invasive species Increase Human trafficking Brain drain Flow of money out of developing nations

Globalization II Pro Developed nations lose jobs (outsourcing) Poor nations get rich Businesses get bigger in order to compete Greater competition Anti-monopoly Spread of information on world events Con Resource exploitation More crappy jobs Increases gap between rich and poor Workers not paid fair wage Control of a market Businesses get bigger in order to compete

Globalization III Pro Better understanding of people from different nations Cultural understanding Decreases xenophobia Spread on information on skills Spread of culture Easier to use sanctions to get nations to behave Loss of governmental power Empower individuals Con Isolated states feel greater threat Cultural imperialism Loss of governmental power, less ability to be responsive to citizens Small nations lose economic sovereignty

Globalization IV Pro Decrease in wages in industrial world Nothing else has worked Lowers prices Creates democracy More freedom People want the new jobs Con Fear of “New World Order” Environmental degradation Labor standards Child labor Sweatshops Rich get richer; poor get poorer Rising inequality Transnational organized crime Rapid urbanization and “feral cities”