Other things to consider:
* Reduces international poverty
* Contributes to the spread of technology
* Adds to the profitability of companies and corporations
* Builds stronger trade ties and dependencies between nations
* Major motivation for moving overseas is to exploit more lax labor laws and low environmental standards
* Homogenizes the world culture, both positively and negatively
* Destroys entire industries in developed countries (e.g. US automakers, textile manufacturing)
For more info about the pros and cons of globalization, check out this video:
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