Pros and Cons

Pros:

- Globalization is the logical, natural expression of modern international capitalism
- New wealth will trickle down from rich to poor( countries and individuals)will spread benefits
- globalization will spread benefits of new ideas and technologies
- The world bank, the international monetary fun, and the world trade organization loan money to nations so they can invest in business.
- The worlds poor countries will catch up to the rich ones
- each country can produce the goods for which it is best suited



Cons:
- Globalization is a policy promoted by core countries; it results inequities between haves and have nots
- its just not working: in the last 20 years, rich countries have grown richer while the poor have become impoverished.
- it promotes free market, export- oriented economies at the expense of localized, sustainable economies
- The world bank , the IMF, and the WTO interfere with a nations decision-making power
- Its not fair; the richest 20% of the worlds people consume 86% of the worlds recourses
- The whole economic system is very unstable; too easy for a crisis