What are the impacts of economic globalization? Previously we have seen first is economic globalization. The definition of economic globalization is a global economic activity is not restricted by territorial inter-regional, or global economic life that is free. This means we can just set up a business is no exception of any area outside the country for example. With the globalization of the economy such as this could have a negative impact or positive impact on our economic lives.
One of the negative impact of economic globalization can be felt by small businesses, where if they are not being productive and innovative it will lose in competing with entrepreneurs from overseas. It also can not be separated from social attitudes which tend to prefer imported products, usually for reasons of branding and prestige. However, if we observe, the products of child domestic work also does not lose its quality. Maybe there should be the approach and introduction to the public about the importance of a sense of love towards domestic products so that our economy is not controlled by businessmen from abroad.
The positive impact of economic globalization is one of them in terms of consumers will quickly find the desired item, which is usually the item can only be seen on TV. And also will not miss any information about the new products are again booming, for example, now when we walk into the mall would be very easy to find the products imported are branded, which may be before there is economic globalization that we can not meet.
Thus however, both the positive and negative impacts arising from the globalization of economic, we must prepare ourselves to go compete, due to train yourself to go along with competitors overseas, then we too also as well to learn from them, so that will can master economic strategies they use.
Just my opinion about economic globalization, may not be accurate and true because I am not an expert in the field of economics.