The advantages of globalisation include:
- Huge quantities of cheap imported goods become available.
- Taxes on your exports will drop for some products, so you can sell more.
The disadvantages of globalisation include:
~ Roedy (1948-02-04 age:70)
- Financial control of your country passes to foreigners and foreign corporations who have no interest in your financial well being, just their own.
- Many of your industries will dry up, undercut by foreign competition.
- If there is an emergency, you will have lost the ability to provide your own food and goods.
- As the reserves of oil dwindle, the price of oil and other fossil fuels will inevitably rise. Additional shipping cost will behave like a tax on both imports and exports. The financial advantages of global trade disappear except for goods with high value per gram. The whole notion of global trade when it is not strictly necessary is an idea rapidly becoming obsolete.
- As the world starts to take climate change seriously, they will awaken to the fact it is insane to ship goods needlessly all over the planet, emitting gigatonnes of CO₂ greenhouse gases in the process. Globalisation in a dead end.
- If you specialise in some product, e.g. textiles, overnight your markets can disappear if some other country decides to produce the same product with lower labour, relaxed environmental standards or weaker worker safety standards. Globalised corporations can move overnight to more profitable host countries.
- Your water and other resources are no longer yours. They belong to the highest bidder no matter how badly you need them.