what are the benefits and disadvantages of globalisation?plz explain giving atleast 4 points for each

 sorry,........... i posted it two times

Benefits

1)Higher choice of goods

2)Cimpetition between producers of two countries even though they are seperated by thousands of miles

3)Price of similar goods tend to become equal

4)Higher standards of living and improved quality of goods and cesses(services)

Disadvantages

1)Does not benefit small producers and workers due to rising competition

2)Higher rates of goods because of export and import duties

3)Globalisation lacks fair type of exchange of goods and services

4)Small producers and workers , generally , close down their business

ADVANTAGES:

1. raise foreign capital: globalisation will attract foreign capitl which will lead to technology upgradation.

2.quality improvement: in order to withstand comprtition offered by the other firms ,quality enhancement will take place.

3.rise in employement: it is expected that integration between different sectors will lead to more roduction in the home country. thi will raise employement oppurtunities.

4.reduce poverty: with globalisation , many micro-crdit programmes are being implemented to prioritise the need of the poor.

5.adoption of new, flexible producstion methods:globalisation will raise allocation efficiency, specialll in underdeveloped and developing countries.

DISADVANTEGES

1devastation of local producers: it has devasted locsl producers since they are unable to compete with the cheap imports.

2.small business are adversely affected: small bsiness class is adversely affected by fall op public subsidirs, de-industrialasation and floods of cheap imports.

3.raising depth of inequality: the global village appears deeply divided between the streets of the haves and those of the havenots.

4. globalisation has made public employees worse off.