• Globalization is the spread of products, technologies, information and jobs between countries.
  • Corporations in developed countries can gain a competitive advantage through globalization.
  • Developing countries also benefit from globalization as they tend to be more cost effective and therefore attract jobs.
  • The benefits of globalization have been questioned because the positive effects are not necessarily shared equally.
  • One of the clear results of globalization is that an economic downturn in one country can cause a domino effect through its trading partners.