Advantages and disadvantages of globalization in economics and culture.
Economics.
Globalization in economics had served to improve trade among countries. Free trade has been a consequence of globalization as we can see in cases such as the North American Free Trade Agreement between the United States, Mexico, and Canada (NAFTA). There are some disadvantages in this such as many local jobs were taken out to other countries due to cheaper labor. That is why NAFTA has been renegotCultiriated and now it is called USMCA, the United States, Mexico, and Canada Agreement.
Culture.
Global influence has allowed the exportation of cultural contents to other countries that were never before considered in the West or in the East. Literature, art, mass media, among others. These elements have allowed people from the other extreme of the world to be informed on current issues in other countries. The disadvantage of this is that cultural globalization has produced a loss of identity in many countries that are "Americanizing" their languages, losing their customs, culture, and tradition in favor of Western ideologies.
