What are opportunities and threats of globalization

Updated: Feb 22

While there are opportunities from globalization, there are threats as well to a country


Opportunities from globalization to a country


  1. Increased international specialization

  2. New business opportunities from increased exports and imports

  3. Access to skilled talent and technology across the world


Threats from globalization to a country


  1. Competition against local business from imports and multinational corporations

  2. Increasing competition for skilled labour and capital

  3. Employment opportunity loss to lower income economies.


RELATED CONCEPTS

  1. International business

  2. Import & Export

  3. Employment

  4. Developing economies


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