Cause and effect of globalization!

      First of all Globalization is a positive thing and it benefits a country who, for example, specializes in a certain product and then exchange that good with other countries. But it does not only have positive aspects..also the disadvantages have to be noticed i regard to to this topic.

      Economic integration and free trade conditions have produced an unstoppable movement towards economic globalization. 

      Most economists applaud the trend, pointing to the modernization and growing wealth that have resulted. But many countries have been forgotten or have even been harmed by globalization. So what have been the positive and negative effects of this globalization trend?

      On the other hand there is the unemployment effect. While growing trade has generall created more jobs, the parallel growth in competition has forced many companies to fire their workers in order to cut costs, boost efficiency and increase profits.