<human>:  What are the pros and cons of globalization?
<bot>: 
Pros of globalization:
 • Increased global trade opportunities and access to new markets
 • Cost savings for businesses due to access to lower-cost goods and services
 • Increased global competition which can lead to lower prices for consumers
 • Increased access to new technologies, education, and cultural exchange
 • Helping to lift people out of poverty in some countries

Cons of globalization:
 • Loss of local jobs due to outsourcing
 • Potential for exploitation of workers in lower-wage countries
 • Potential for environmental degradation from increased production
 • Increased risk of global pandemics due to increased population mobility
 • Heightened global economic instability due to increased interconnectedness among countries