Advantages:
Unity of economical borders
Globalization has been a tool for opening the economy of a country for the purpose of growing and establishing partnerships through resources and services and benefiting from it. Economic Globalization takes place when the economy depends and or hugely affected by the trades going on between; the rise and fall of stock exchanges are categorized under this.
Fostering of partnership of country-to-country
Government integrates trades and partnerships across countries, mandates and establishes the agreements, which in turn strengthens the said partnerships. The profit from these trades and services is income for involved countries, supporting the chain and contributing to the economical stocks, sustaining the financial balances amongst involved. With the country being open, influences are shared, adapting to other country's culture makes globalization easier and free-flowing. Adapting the marketing strategies and being open to new and different tactics are the benefits of having partnerships overseas
Disadvantages:
Cultural Preservations are slowly being replaced, or overshadowed by modernizations
There is no modernization without globalization. By the popularization of gadgets, particularly smartphones, many countries are now able to access the worldwide web, allowing them to have wide horizons they could explore. Moreover, many practices like cultural activities are now being overshadowed by these new hobbies that includes being glued to smartphones. Also, having access to other international pop culture, more people are now drawn to idolizing other cultures outside their own. Globalization paved way to a more open world, in exchange, it causes some, to forget their own.
Daily living is now comprised of spending too much time on the digital world.
Most of the time spent is now on the digital world, where most globalization takes place. We are now updated on the events and trends in different places around the world. Making us drawn more in front of the screens. However, this can cause lots of health problems. One study showed that more people in the Philippines are have smartphones than their own clean bathrooms.
Local and national economies will be threatened as well as the security of that country
By being an open country for globalization, and being free for trading goods and manufacture, security and economy of a certain country will be threatened as there will always be one taking advantage of the situation. There would be economic wars, frauds in the system of trading,