Positive impacts of globalisation

Globalisation is having a dramatic effect - for good or bad - on world economies and on people's lives.

Some of the positive impacts are:

  • Inward investment by TNCs helps countries by providing new jobs and skills for local people.
  • TNCs bring wealth and foreign currency to local economies when they buy local resources, products and services. The extra money created by this investment can be spent on education, health and infrastructure.
  • The sharing of ideas, experiences and lifestyles of people and cultures. People can experience foods and other products not previously available in their countries.
  • Globalisation increases awareness of events in faraway parts of the world. For example, the UK was quickly made aware of the 2004 tsunami and sent help rapidly in response.
  • Globalisation may help to make people more aware of global issues such as deforestation and global warming and alert them to the need for sustainable development.