There are numerous benefits offered by economic globalization. Firstly,it improves people’s living quality. Owing to the increase of international trade,individuals could access different kinds of goods which come from different parts of the world. For example, Asian people can drink Starbucks in their own countries and western people have opportunities taste Asian food as well. Secondly,economic globalization creates plenty of jobs for developing countries. As the result of outsourcing,many multinational corporations extend their business in developing countries. Step such as this can help companies reducing expenditures,meanwhile,job opportunities be created. Thus,interaction of international business could provide positive effects.
Also,there are some negative effects caused by economic globalization. To begin with,environment degradation as a result of it. Many factories are build in developing regions which have soft environment laws. These factories lead to environmental problem by releasing sewage into the local rivers. Furthermore,financial