You can thank globalization for the array of choices, since it fuels international trade and imports.
Going shopping? You have tons of options, from modestly priced clothing to high-end, local artisan accessories. You can thank globalization for the array of choices, since it fuels international trade and imports. Indeed, globalization can connect people, countries, cultures, and economies, but it comes with concerns like local job loss and diluted sovereignty. So, what are the pros and cons of globalization, and how does it impact your finances? If you have concerns, your best bet is to chat with a wealth manager, but we’ll walk you through the pros and cons for easy reference in this article.