To answer this we must define globalisation, of course
Globalisation allows the specialisation in goods where a country has a comparative advantage which will enable a gain in net economic welfare
There will be more FDI...multiplier...employment.....income rises...economic growth
Training and technology transfer...MNC....increase in prodyctive capacity of the economy
Incomes up...income tax up; corporation tax; expenditure tax
Wider choice but also greater competition
Some industries grow but some decline = structural unemployment
Environmental impact
Unequal distribution of benefits
