The three pros of the aforementioned statement include:
1.It encourages free trade - When a country is deprived of borders, they incur an unlimited variety of discounted consumer and industrialized goods and services. Intrinsically, fewer barriers, like tariffs, sales taxes, or subsidies are implemented since there isn’t a country to add borders ("22 Globalization Pros and Cons", 2017). For example, In Trinidad and Tobago, tariffs are now countless and theoretically possesses the preeminent market for imported consumer goods in CARICOM. It furthermore offers the local producers a final opportunity in the market. Though, it is a momentary measure, it enforces on the overseas producers to be economical, if they desire to recapture the CARICOM …show more content…
Allows for open lines of communication – As the communication between the countries becomes open sharing of information became easier due to globalization. This has also contributed to the perception of speedy travel of the transportation of products, mass communications and quick distribution of information through the Internet as benefits ("22 Globalization Pros and Cons", 2017) ("Positive and Negative Impacts of Globalization", 2016). For example, the citizens of Trinidad and Tobago are granted the choice of free communication with others from different regions through the removal of borders. The Caribbean residents assesses the extensive array of technology, all-encompassing computers, transportation and communication, that aids to access and generate restricted scientific knowledge and goods in a timely manner without delay (Tyehimba, …show more content…
(2015). Trinidad and Tobago Newsday Archives. Retrieved 1 March 2018, from http://archives.newsday.co.tt/2015/03/05/assessing-the-value-of-trade-a greements/ 22 Globalization Pros and Cons. (2017). Vittana.org. Retrieved 1 March 2018, from https://vittana.org/22-globalization-pros-and-cons
Positive and Negative Impacts of Globalization. (2016). Mywestford.com. Retrieved 1 March 2018, from http://www.mywestford.com/positive-and-negative-impacts-of-globalization/
Positive and negative effects of globalization | My Essay Point. (2018). Myessaypoint.com. Retrieved 1 March 2018, from http://myessaypoint.com/positive-and-negative-effects-of-globalization
Tyehimba, R. (2006). Globalization is as old as Colonialism « Trinidad and Tobago News Blog. Trinidadandtobagonews.com. Retrieved 1 March 2018, from