The various advantages of Globalization of Markets are that it has led to companies manufacturing goods that are standardized and are also of good quality. This is due to the fact that with foreign companies entering each others nations this has led to increased competition between companies and so in order to compete the companies have to manufacture only the best quality of products. Further the advantages of Globalization of Markets are that people now get to use products of companies that are even not in their nation. It is due to the Globalization of Markets that world over brands such as Levi, Revlon, Sony televisions, Coca- Cola, and Pepsi are famous.

The various disadvantages of Globalization of Markets are that it has increased competition between companies in a big way for each company wants its products to be sold the most. This competition between companies has forced them to improve the quality of their products but at the same time keep the price of the products less. This has resulted in the profit levels of the companies to reduce. Further, the disadvantage of globalization of markets is that it has forced many small companies to close down for they could not compete in the increasingly aggressive market.

Globalization of Markets has increased very rapidly in the recent years. But it must be made sure that it proves to have positive effects for all and not negative effects.