To complete the pairs with associated costs for each benefit of globalization:
1. Expansion of trade:
- Benefit: Increased opportunities for countries to trade goods and services internationally.
- Associated cost: Displacement of local industries in developed nations due to competition from cheaper imports, leading to unemployment in those countries.
2. More jobs in developing countries:
- Benefit: Job creation and economic growth in developing nations.
- Associated cost: Increased demands on natural resources in developing countries to sustain the production levels required for global trade, which can lead to environmental degradation and resource depletion.
By matching these benefits of globalization with their associated costs, we can understand the complex dynamics involved in the process of globalization. It highlights the importance of considering both the positive and negative impacts on different regions and industries as the world becomes more interconnected economically.
