Impact of Globalisation

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World - wide

  • Increase in the number of women working
  • Improvement in working conditions
  • Increased skills/training as people move from traditional to new employment sectors
  • More goods and services available to everyone
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Developing World

  • Can now sell produce and provide services to a greater number of places
  • Pay high prices for the developed world's services and products
  • Gets lower prices for its products than the developed world
  • Wages generally low plus there is continuing exploitation of workers and use of child labour
  • a few who own land have benefited hugely
  • Few people can afford the goods and services a global economy provides
  • Informal sector continues
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Developed World

  • Wages have improved
  • High prices can be charged for products and services
  • Almost everyone benefits from global goods and services
  • Mostly good working conditions
  • More flexibility and choice in where and when people work
  • Some job losses as companies move to the developing world
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