Globalization can be either good or bad for society, as with most technology. It could increase trade between nations which due to volume would have the added benefit of lowering prices as companies compete for business. This will create more jobs, increase wages, and raise the productivity output of countries. On the other hand, it will make it more difficult for those such as those in the manufacturing sector in higher economy countries. Meaning that in lower economy countries, the cost of labor is lower which will entice countries to outsource jobs to them as the labor is far cheaper. Companies strive for efficiency and to maximize profit. As such there will always be winners and losers. Globalization can not be completely restrained. However, it can be controlled by introduction of certain taxes and tariffs alluring companies to maintain production for example, in country.
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